14 January 2008      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
HSI28000MBLeCW080130
342,161
FirstRes MEReCW80408
267,472
FirstRes
261,788
JES
201,199
JiutianC
191,467
Weekly movement as at 11 January 2008
WEEK'S TOP GAINER
 Name
Price  
Chg 
GLD 10US$
89.100
+3.500
Jardine C&C
21.960
+1.160
Shang Asia 2kHK$
24.950
+0.750
St Trdg
5.660
+0.700
Ascott
1.720
+0.510
Weekly movement as at 11 January 2008

 
HEADLINES FOR THE WEEK
Straits Trading Company: Receives conditional cash offer from private investment firm The Cairns valued at $1.86 million
Aqua-Terra Supply: Starts rigging and testing and certification facility in Batam  to tap oil and gas and offshore marine industry construction boom
Noel Gifts: To acquire assets of Humming House Flowers and Gifts for $1.82 million
Vinamilk: Gets go ahead to list on SGX
SNF Corporation: Looks to make switch to healthcare business with RTO of Healthway Medical Services Pte Ltd worth $525 million
UOB: Launches home loan product complete with overdraft feature
STX Pan Ocean: Proposes purchase of 11 bulk carriers to keep pace with dry bulk boom
Hyflux: Picks Sam Ong as Group Deputy CEO in addition to his role as Group CFO
CSC Holdings: Clinches foundation and geo-technical contracts worth $120 million within last two months
Afor Limited: IPOs 23.5 million shares at 33 cents per share on new Catalist board
SGX: Executive vice-president Daniel Tan retires from post
NETs: Picks Suman Balani as new assistant CEO
SIA: To launch additional daily flight between Singapore and Sydney in June

 

CapitaLand: Proposes $990 million bid for subsidiary Ascott Group
Singapore Windsor Holdings: Sinks capital into 2 silicon manganese producing electric furnaces in China
Macquarie MEAG Prime Reit: Proposes bond sale to raise up to $150 million
Tiger Airways: And Jetstar Asia both announced special offers to launch Singapore-Kuala Lumpur flight
Pacific Internet: Merges with Asia Netcom to form Pacnet. Looks to list on US bourse
Woh Hup: Clinches $1 billion project to develop Reflections at Keppel Bay for Keppel Land
Bilcare Singapore: Acquires Singular ID for $19.58 million
Ho Bee Investment: And IOI Properties tie-up to win bid for The Pinnacle Collection site at Sentosa Cove for $1.1 billion
Datacraft: To acquire NZ-based Security-Assessment.com for US$3.86 million
Europtronic Group: Takes 25 percent stake in DinghanBiotechnology Co Ltd
Goldtron Ltd: Picks former Executive Chairman Ong Soon Kiat at next CEO
Datacraft: Takes project to expand and support facilities for Philippines-based Advanced Contact Solutions worth US$2.5 million
Top Global: Plans 746.46 million new shares non-underwritten rights issue at $0.025 each

 

HOT Off The Press

KSH Forms JV In China


KSH Holdings Limited announced that its wholly-owned subsidiary Kim Seng Heng Engineering Construction (Pte) Ltd (KSHEC) has entered into a joint venture agreement with Beijing Jia Hua Hong Yuan Investment Co. Ltd. to form a joint venture company in China.

Under the joint venture agreement, KSHEC will hold a 50% equity interest in the joint venture company to be named Sino-Singapore Kim Seng Heng (Beijing) Engineering Construction Company Limited. Beijing Jia Hua Hong Yuan Investment Co. Ltd will hold the remaining 50% equity interest. The registered capital and total investment of the JV Co. will be RMB50 million and RMB95 million respectively.

Under the joint venture agreement, the JV Co. will be engaged in the engineering and building construction businesses.

We are a well established construction, property development and property management group with operations in Singapore, Malaysia and the PRC. Our Group’s principal activities are as follows:-

  1. construction in Singapore and Malaysia; and
  2. property development and property management in the PRC.

We act as main contractors in construction projects for private and public sector customers in Singapore and for private sector customers in Malaysia. Our construction businesses in Singapore and Malaysia are carried on by our wholly-owned subsidiary, KSHEC, and our wholly-owned Malaysian subsidiary, Techpath, respectively. Our clients typically include property developers, land owners and governmental bodies. Our Group has two property developments in the PRC, one being Tianxing Riverfront Square in Tianjin, which was developed by our subsidiary, Tianjin Tian Xing Real Estate, and the other being Liang Jing Ming Ju in Beijing, which was developed by our associated company, Jin Hua Tong Da. Our Group also has a property management arm that manages Tianxing Riverfront Square. Our property management business in the PRC is undertaken by our subsidiary, Tianjin Tian Xing Property Management.

Asia Water Expands Foothold In Tianmen City


Asia Water Technology Ltd. (Asia Water or the Company or the Group) is pleased to announce that it has through its wholly-owned subsidiary, Wuhan Kaidi Water Services Co., Ltd (Wuhan Kaidi Water), entered into an agreement with the Tianmen City municipal government to jointly invest in a tap water project (the Project) that will expand its existing piping network and augment the distribution of tap water to the rural areas of Tianmen City, Hubei province, in the People’s Republic of China (the PRC). The Group’s wholly-owned subsidiary, Wuhan Kaidi Water, together with government-owned Tianmen City Development Investment Co., Ltd (Tianmen City Development) will incorporate a new subsidiary company, Tianmen Kaidi Xinnong Water Services Co., Ltd (Tianmen Xinnong) with a registered capital of RMB10 million (approximately S$2 million) to undertake the Project. Wuhan Kaidi Water will hold a 70% stake in Tianmen Xinnong with an investment of RMB7 million (S$1.4 million), and Tianmen City Development will hold the remaining 30% stake with an investment of RMB3 million (S$0.6 million).

The Project will be carried out in several phases, and will involve the expansion of existing water supply networks through the construction of piping system, upgrading of existing water treatment plants as well as possible construction/acquisition of additional water treatment plants. Phase One of the Project involves the construction of a 850km piping network. Upon completion of Phase One, supply of potable water is expected to reach an additional 55 villages and 6 towns around Tianmen City, with an estimated population of 82,800. The total investment amount for the Phase One is estimated at RMB37.5 million of which, RMB27.5 million will be funded by the local population and the government, and the balance of RMB10.0 million to be undertaken by Tianmen Xinnong.

The Group has another wholly-owned subsidiary, Tianmen Kaidi Water Services Co., Ltd (Tianmen Kaidi) that operates in Tianmen City, which will provide the necessary treatment facilities for Tianmen Xinnong to supply potable water to rural residents around the city. Tianmen Kaidi has been awarded the license as the sole provider of tap water to the city’s resident for a period of 25 years. Tianmen Xinnong’s agreement will end upon expiry of Tianmen Kaidi’s concessionary right.

At Asia Water Technology Ltd, we specialise in driving large scale municipal and industrial projects, offering innovative and effective engineering solutions for water purification and wastewater treatment systems. While we strive for technological excellence, we remain dedicated to the protection of our environment and the conservation of the world's precious water resources.

Chemoil CEO And Executive Chairman Robert V Chandran Dies In Indonesian Helicopter Crash


With great sadness, the Board of Directors of Chemoil Energy Limited announces that the company’s CEO and Executive Chairman Mr Robert V Chandran passed away January 7, 2008 from injuries sustained when a helicopter he was traveling in crashed in the Riau Province of Indonesia.

The accident occurred yesterday afternoon. In the aircraft with Mr Chandran was Mr Terence Gidlow, Chemoil’s Vice President of Business Development. Mr Gidlow was injured but is in stable condition at this time. The Board of Directors are in discussion on succession issues to ensure business continuity.

Mr Chandran was a brilliant entrepreneur who led with vision and dynamism, building Chemoil Energy into one of the world’s leading independent suppliers of marine fuels since he founded the company in 1981. This was embodied when he lead the Chemoil Energy Limited’s successful listing at the Singapore Exchange (SGX) main board in December 2006. The Directors of Chemoil wish to extend their heartfelt condolences to the Chandran family.

Chemoil Energy Limited (Chemoil or the Company) is one of the world’s largest and leading integrated physical suppliers of marine fuel products. With physical operations and service centres in many of the world’s busiest ports, including Los Angeles, New York, Houston, Singapore, Panama and the Amsterdam-Rotterdam-Antwerp region, Chemoil acts as a "gas station" for ships, providing fuelling services to its customers. These customers include a diverse group of ocean-going ship owners and ship operators engaged in the international container, tanker and bulk carrier trades. The Company owns or leases terminal capacity for the storage and blending of fuels and barging facilities for the delivery of marine fuel, which allows for the full integration of marine fuel delivery service in each of the markets that it serves. By participating in all key stages of the marine fuel supply chain, Chemoil is able to provide its customers with global single supplier convenience, competitive pricing, access to specialised products, customised term contracts and a fully integrated marine fuel delivery service whilst capturing margins at every stage.

Technics Oil And Gas Increases Shareholdings In Norr Systems Pte Ltd


Technics Oil & Gas Limited (the Company) announced that Petro Process System Pte. Ltd. (PPS), a wholly-owned subsidiary of the Company has subscribed for an additional 459,000 ordinary shares (shares) in the capital of Norr Systems Pte. Ltd. (NORR) for a total consideration of S$459,000/-.

Before the subscription of the shares, PPS holds 51,000 ordinary shares in NORR with the remaining 49,000 ordinary shares held by Mr Terry Lim Guan Ling. Together with the existing 51,000 ordinary shares PPS now hold 510,000 ordinary shares in NORR, representing 51% of the issued share capital of NORR. The other 490,000 ordinary shares (49%) are held by Mr Terry Lim Guan Ling (160,000 shares), Mr Goa Kong Chiah (160,000 shares) and Mr Lee Tong Hua (170,000 shares), employees of NORR.

As a result of the above transaction, the issued capital of NORR increased from S$100,000/- to S$1,000,000/-. The rational for the increase is to improve the working capital of NORR.

Technics is a leading specialist engineering service provider, servicing the robust Oil & Gas industry. It designs and develops process modules and equipment that are integrated to form the operating systems and storage facilities for oil and gas exploration and production. With a modest start up of only 12 employees in 1990, Technics has today emerged as a leading total solutions provider in its field with a strength of over 180.

Asian Micro Appointed As Distributor For SINOTRUK CNG Heavy Duty Prime Movers


Asian Micro Holdings Ltd (AMH or the Company) has been appointed the authorized importer and distributor for Sinotruk (Hong Kong) International Investment Ltd., the sole company representing Sinotruk (Hong Kong) Limited, to import and sell its Sinotruk’s range of HOWO & Golden Prince brand of Compressed Natural Gas (CNG) prime movers and cargo trucks in Thailand and Singapore. The Company’s subsidiaries shall be the first to import its first batch of 9 units of 290 horsepower CNG prime movers into Thailand while the second batch of the CNG prime movers for Singapore shall be available before June 2008.

The use of such Sinotruk CNG prime mover in Thailand is expected to cut diesel fuel cost for the prime mover and cargo truck owners by 70% as CNG in Thailand is only 8.5 Thai Baht versus diesel cost of more than 28 Thai Baht at this moment. The owners will then be able to reduce their diesel fuel cost tremendously. Though the CNG cost in Singapore is only about 20% cheaper than retail diesel, the Company hopes to expedite the approval in Singapore to assist transportation and logistic companies to cut the cost of their diesel fuels by replacing it with natural gas and most important of all, to reduce the emission level in its promotion of a true CNG vehicle. Natural gas eliminates the pollution caused by the diesel fuel emission. CNG-powered engines are also environmentally friendly as they produce 76 percent less carbon monoxide and 99 percent less of the cancer-causing chemical benzene than diesel-power vehicles.

The Company hopes to increase its revenue and bottom-line through the sales of CNG heavy duty prime movers first and if proven successful, the Company will continue its import of CNG vehicles to include cargo trucks. The average selling price for these CNG heavy duty prime movers and trucks ranged from S$90k to S$120k depending on the vehicle’s configuration and the Company is targeting to sell 100 for the next 12 to 18 months. The Company expects the SINOTRUK distributorship to contribute positively in the next financial year ending 2009.

Asian Micro Holdings Limited (listed in the SGX-SESDAQ in September 1999) provides recycling and precision cleaning of packaging trays and media/disk cassettes used in the hard disk drive and semiconductor industries in Singapore, China and Thailand. Asian Micro recently invested in Natural Gas Vehicle (NGV) conversion business and is now focused towards setting up a chain of network of NGV conversion centres. Though started only in July 2007, the Company has now set up a total of 6 NGV conversion centres in Thailand, Malaysia and Singapore. The Company also imports/exports NGV conversion kits, Compressed Natural Gas (CNG) engines, CNG cylinders, and CNG vehicles to expedite its growth and revenue. Currently specializing and promoting Dual Diesel Fuel (DDF) conversion for heavy duty diesel trucks, buses and prime movers to run on 50% diesel and 50% natural gas, it has become the alternate key business of the Company. Asian Micro intends to grow itself into an energy company entering the oil and gas sector by specializing in alternative and renewable fuels, mainly in Natural Gas.

TT International Companies Awarded Global Trader Programme Status


TT International Limited (the Company) is pleased to announce that International Enterprise Singapore (IE) has renewed the Global Trader Programme (GTP) status of the Company for a period of five years from 1 October 2007.

Additionally, one of the Company’s subsidiaries, Akira Corporation Pte Ltd, has also been awarded the GTP status by IE for a period of five years from 1 September 2007.

With the GTP incentive, the Company and its subsidiary will enjoy a concessionary tax rate of 10% on its qualifying income, a development that will further assist the TT Group in its internationalization programme and contribute positively to the Group’s financial performance in future.

TT International was incorporated in Singapore in 1984 and listed on the Mainboard of Singapore Exchange in June, 2000. We have since become one of Singapore's leading international traders of consumer electronics. Through the years of market penetration and development, TT has gained a firm foothold in the economies of emerging markets worldwide. Our wide spectrum of consumer electronics covers a range of over 4,000 models. In 1994, TT started assembling and marketing "AKIRA", our very own house brand of consumer electronics. AKIRA has a range of audio-visual and audio products as well as household appliances that caters specially for the modern living needs of households, businesses and communities worldwide. With the completion of our Business Headquarters, TT International Tradepark (left), covering a build-up area of about 560,000 square feet, accompanied by the Automated Storage and Retrieval Systems (ASRS), TT has diversified into the new business activities of providing third-party warehousing and logistics services.

HLN Transfers From SGX SESDAQ To SGX Mainboard


HLN Technologies Limited (the Company) is pleased to announce that the Singapore Exchange Securities Trading Limited (SGX-ST) has on 10 January 2008 granted its in-principle approval of the Company’s application for the transfer of its listing from the SGX SESDAQ to the SGX Mainboard.

The listing will have no effect on the financial position of the Company and its subsidiaries.

The approval in-principle of the SGX-ST is not to be taken as an indication of the merits of the Transfer, the Company or its subsidiaries or their securities.

HLN Technologies Limited (HLN Tech) was incorporated in Singapore on 26 February 2004 and subsequently listed on 25 November 2005. It is involved in the manufacture and sale of a wide range of customized precision metallic, elastomeric and polymeric components, which are used in a variety of industries principally in the office automation, consumer electronics and automotive industries. HLN Tech has in-house material formulation and compounding facilities where it blends the mixture of elastomers and other ingredients to make rubber compound, a raw material used in the production of its precision elastomeric and polymeric components. Apart from manufacture and sale of customized precision metallic, elastomeric and polymeric components, HLN Tech also specializes in providing precision polymeric die-cutting services according to customers?specification and requirements. As part of its enhanced corporate vision to be a preferred Global One-Stop Solutions Provider for Integrated Mechanical Components, HLN Tech expanded into the precision machining (Metallic) business. The Metallic business unit has recently launched its foray into the Memory Storage Industry and have started supplying components to this new market segment. 

 


HLN Subscribes To Shares In Subsidiary


HLN Technologies Limited (the Company) wishes to announce that HLN Technologies Sdn. Bhd. (TSB), a wholly owned subsidiary of HLN Micron Pte. Ltd. (HLN Micron), which is a wholly-owned subsidiary of the Company, has increased its issued and paid-up share capital from RM 3,900,000 to RM 5,000,000 by the allotment of 1,100,000 ordinary shares at RM1 each at par, fully paid, for a total non-cash consideration of RM 1,100,000.

The consideration paid by HLN Micron for the additional shares subscription was satisfied by capitalizing the amount RM 1,100,000 owing by TSB to the Company.

The additional investment by HLN Micron in TSB is not expected to have any material effect on the earnings per share or net tangible assets per share of the Group for the current financial year.

HLN Technologies Limited ("HLN Tech") was incorporated in Singapore on 26 February 2004 and subsequently listed on 25 November 2005. It is involved in the manufacture and sale of a wide range of customized precision metallic, elastomeric and polymeric components, which are used in a variety of industries principally in the office automation, consumer electronics and automotive industries. HLN Tech has in-house material formulation and compounding facilities where it blends the mixture of elastomers and other ingredients to make rubber compound, a raw material used in the production of its precision elastomeric and polymeric components.

Global Voice Group Deploys High Availability Solution For jaron.DIRECT


Global Voice Group announced that it concluded an agreement with jaron.DIRECT GmbH, one of the leading agencies for digital direct marketing. Under the terms of the agreement, Global Voice Group provisioned host¦nex, an integrated solution of premium co-location and Tier 1 IP transit, deployed from Global Voice’s datacenter in Frankfurt.

jaron.DIRECT GmbH, one of Europe’s front-runners for digital direct marketing, required a highly available communications platform to support the rollout of a range of marketing services to their burgeoning customer base.

Following consultation with jaron.DIRECT, Global Voice Group developed an integrated hosting and communications solution with global IP connectivity for the fastest, most efficient and highly reliable Internet access. The solution is to be deployed and managed from Global Voice’s premium, high power density datacenter facility in Frankfurt.

Global Voice Group owns and operates one of Europe’s highest capacity fiber networks and provides mission critical communication infrastructure and services to large corporates, carriers, and service providers. Constructed at a cost in excess of €1.3 billion, Global Voice Group’s all-fiber optic network uniquely combines ‘long-haul’ inter-city network linking Europe’s largest economies, with high density ‘last-mile’ metropolitan fiber networks in 15 of Europe’s leading cities. Global Voice was recently awarded the prestigious title of “Best New Entrant” by leading telecommunications publication, Capacity Magazine. The award was granted to Global Voice following their acquisition of a pan-European fiber network thus extending their unique proposition of delivering private fiber networks – an offering the judges felt is of immense value to large Corporates and carriers alike. Global Voice Group, traded as euNetworks in Europe, is publicly listed on the Singapore stock exchange (SGX: H23.SI). Global Voice is a member of euro-one, a unique collaboration of fiber optic network providers to deliver infrastructure and next generation networking solutions, connecting Eastern, Central, Western Europe and North America.

Chemoil Announces Helios Terminal Operations To Proceed Despite Postponement Of Inaugaration


Chemoil Energy Limited announced that the proposed inauguration of Helios Terminal on Jurong Island, Singapore would be postponed out of respect for its late Executive Chairman and CEO, Mr Robert V Chandran who passed away January 7 from injuries sustained from a helicopter crash in the Riau province of Indonesia.

Despite the postponement, the company emphasised that operations on the 448,000 cubic metre storage terminal will commence as planned within the month of January 2008.

Chemoil will also proceed with plans to start delivering fuel from the GPS –Chemoil terminal in the UAE port of Fujairah shortly afterwards. This will provide Chemoil with a physical presence in the world’s four key oil product markets namely Singapore, Rotterdam, Fujairahand the US Gulf

Chemoil Energy Limited (Chemoil or the Company) is one of the world’s largest and leading integrated physical suppliers of marine fuel products. With physical operations and service centres in many of the world’s busiest ports, including Los Angeles, New York, Houston, Singapore, Panama and the Amsterdam-Rotterdam-Antwerp region, Chemoil acts as a "gas station" for ships, providing fuelling services to its customers. These customers include a diverse group of ocean-going ship owners and ship operators engaged in the international container, tanker and bulk carrier trades. The Company owns or leases terminal capacity for the storage and blending of fuels and barging facilities for the delivery of marine fuel, which allows for the full integration of marine fuel delivery service in each of the markets that it serves. By participating in all key stages of the marine fuel supply chain, Chemoil is able to provide its customers with global single supplier convenience, competitive pricing, access to specialised products, customised term contracts and a fully integrated marine fuel delivery service whilst capturing margins at every stage.

Biosensors Proposes Acquisition Of Remaining Stake In JW Medical Systems


Biosensors International Group, Ltd. (the Company, and together with its subsidiaries, the Group) is pleased to announce that it has entered into the following agreements:

(i) a conditional sale and purchase agreement (the SPA) to acquire 30% of the current registered capital (the SPA Shares) of JWMS from Shandong Weigao Group Medical Polymer Company Limited (Weigao), a company incorporated in the People’s Republic of China (PRC) and listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the Proposed Acquisition); and
(ii) a conditional put option (the Put Option) for the remaining 20% of JWMS exercisable from the date of completion under the SPA until 30 July 2009 (the Proposed Put Option), (collectively, the Proposed Transactions).

The Company currently already owns 50% of JWMS. Upon completion of the SPA and assuming exercise of the Put Option and completion under the Put Option, the Company will own 100% of JWMS.

Biosensors International Group, Ltd. develops, manufactures and commercializes innovative medical devices used in interventional cardiology and critical care procedures. We are well positioned to emerge as a leader in drug-eluting stents, an evolving therapy that is rapidly gaining market share from traditional cardiovascular therapies. In June 2006, Biosensors was named one of 50 medical technology companies to be watched in Medical Device and Diagnostic Industry magazine's 50 companies to watch, which cited Biosensors' innovative biodegradable-polymer drug-eluting stents as one of the reasons for the Company to be watched.

Samudera Acquires Container Vessel


Samudera Shipping Line Ltd (the Company) is pleased to announce that the Company has entered into contract for the acquisition of a container vessel from Pacific Faith Shipping Company Ltd with an acquisition price of approximately US$ 28,900,000.

The vessel, built by Kouan Shipbuilding in China, will have a capacity of 1,100 TEUS (twenty-foot equivalent units). It is expected to be delivered in the first quarter of 2008. The Company intends to deploy the vessel on its Chittagong service (CGX), which is currently one of the Company’s major trades.

This will be the third container vessel to be owned by the Company and is in line with the Company's business strategy of gradually increasing its ratio of owned vessels. The Company had previously entered into agreement to purchase the first two container vessels in September 2007 which are scheduled for delivery in the fourth quarter of 2008, for a total consideration of US$ 83,000,000. The additional purchase brings the Company’s total investment in these container vessels to US$ 111,900,000.

The Group currently operates a total of 45 vessels, of which 25 are container vessels. Owning these three vessels will enable the Company to have better control over vessel operating costs and capacity.

Samudera Shipping Line Ltd ("Samudera") was incorporated in Singapore in 1993. The Company was converted into a public company on 2nd October 1997 when its shares got listed and quoted on SESDAQ. Following an approval from the Singapore Exchange Securities Trading Limited, its shares have been transferred from SESDAQ to the MainBoard, where Samudera's shares are now listed and quoted since July, 2000. Samudera is a regional Container Shipping line serving the Middle East and the Indian Sub-continent in the west, South East Asia and Indo-China at the center and the Far East to the north. This extensive network of services is run from its headquarters in Singapore, with able support from its own offices in Dubai and Mumbai for the Middle East and the Indian Subcontinent operations, Bangkok, Klang and Jakarta for the South East Asia and Indo-China operations, and Shanghai for the Far East operations. Samudera provides feeder services to Main Line Operators between the deep-harbor "hub" ports and the outlying "spoke" ports. It also provides inter-region and intra-region Container Shipping services to the end users, i.e. the manufacturers, buyers, exporters, importers etc.

Olam Incorporates Subsidiary


Olam International Limited (the Company) wishes to announce that the Company has incorporated a new subsidiary in Vietnam known as Outspan Café Vietnam Limited (Outspan Café) with a charter capital of VND64,400,000,000 (equivalent to USD4,000,000).

The principal activities of Outspan Café are those of sourcing, processing and supply chain management of agricultural products and food ingredients.

The incorporation of Outspan Café is not expected to have any significant impact on the financial position of the Company for the current financial year.

Olam is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 14 products with a direct presence in 56 countries and supplying them to over 4,000 customers in more than 60 destination markets. With direct sourcing and processing in most major producing countries for its various products and a staff strength of more than 7,500 worldwide, Olam has built a global leadership position in many of its businesses, including cocoa, coffee, cashew, sesame, rice, cotton and teak wood. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is now a component stock in the benchmark Straits Times Index (STI). It was recently named as one of Singapore’s top 10 globalised companies by International Enterprise (“IE”) Singapore in its third annual Singapore International 100 Ranking 2007.

Delong Wins Gold Award From China's Association For Product Quality


Delong Holdings Limited (Delong) is pleased to announce that Delong was awarded the Gold award for product quality from the China Association for Quality – Metallurgy branch (CAQ) (www.caq.org.cn).

Recognised as a benchmark for product quality by the People’s Republic of China (PRC) steel industry, the award follows a series of through assessments on the business and production process of each candidate. Technical competencies and end product stability are also key factors in the assessment criteria.

Targeted at improving the quality management processes and standards of the PRC Steel Industry, this award reaffirms Delong’s position as a leading steel manufacturer in the PRC.

Committed to playing its part in growing the Chinese steel industry, Delong Holdings Ltd is a steel manufacturing and trading group headquartered in Beijing, China. Its flagship business, Delong Steel, is located 430km southwest of Beijing in the industrial city of Xingtai in Hebei Province, placing it in proximity to raw material sources and an extensive client base encircled by the Bohai Economic Zone.

Lorenzo Transfers To SGX Mainboard


Lorenzo International Limited. (the Company) is pleased to announce that the Singapore Exchange Securities Trading Limited (the SGX-ST) has granted the Company a waiver in respect of Rule 212(a) of the Listing Manual, i.e. waiver from requirement that the Company must be listed on SGX Sesdaq for at least 2 years before it may be transferred to Mainboard. The SGX-ST has also approved in-principle the Company’s application for transfer to SGX Mainboard. The effective date of transfer of the Company to Mainboard will be announced in due course.

The SGX-ST’s in-principle approval is not to be taken as an indication of the merits of the transfer, the Company or its subsidiaries or their securities. The transfer of the listing and quotation of the Company’s shares to the SGX Mainboard will have no effect on the financial position of the company and its subsidiaries.

Established in 1983. Lorenzo International is an integrated lifestyle furniture group involved in the design, manufacture, assembly, wholesale and retail of conceptualised lifestyle furniture. Most of the Group's products are sold under its LORENZO brand and categorized into two collections, Dante- the classic leather collection, and ENZO-the wood-based collection. These products are sold through 32 wholly-owned stores and 20 Licensed Retailing Systems (LRS) stores in six countries including Singapore, Taiwan. Malaysia, PRC, Brunei and Myanmar. In addition to retailing its own products, the Group also exports its LORENZO branded products to more than 50 countries around the world. Its products are supplied by its manufacturing facilities - two leather sofa manufacturing facilities in Malaysia and Kunshan, PRC, and a wood-based furniture manufacturing facility in Kunshan.PRC. The Group also acts as an original design manufacturer (ODM) to design and manufacture leather sofas under its customers' own brands, and as an original equipment manufacturer (OEM) to manufacture furniture based on customers' designs.

Technics Oil & Gas Transfers To SGX Mainboard


The Board of Directors of Technics Oil & Gas Limited (the Company) wishes to announce that the SGX-ST had on 10 January 2008 granted the in-principle approval for the transfer of the listing and quotation of the Company’s shares from the SGX-SESDAQ to the SGX Mainboard (the Transfer). The effective date of the Transfer will be announced at a later date.

Please note that the SGX-ST’s in-principle approval is not to be taken as an indication of the merits of the Transfer, the Company or its subsidiaries or their securities. Technics is a leading specialist engineering service provider, servicing the robust Oil & Gas industry. It designs and develops process modules and equipment that are integrated to form the operating systems and storage facilities for oil and gas exploration and production. With a modest start up of only 12 employees in 1990, Technics has today emerged as a leading total solutions provider in its field with a strength of over 180.

 

 

CEO's Walk The Talk

“..Don’t become an entrepreneur to make money, but be one because you want something you enjoy doing. That way, you will ultimately make money.”

Mr Robert Chandran (RIP) Late CEO
Chemoil Energy Limited



Highlighted Company


Our Company is a "one-stop" distributor of stainless steel products used in, amongst others, the following industries:

  1. oil and gas and petrochemical
  2. marine
  3. construction
  4. food processing

We have a track record of more than 20 years in the distribution of stainless steel products and are a major distributor of 304/304L and 316/316L grades of stainless steel products in Singapore. We supply more than 4,000 items of stainless steel products including pipes and pipe fittings, plates, bars, tubes and flanges at our factory and warehouse in Singapore, at 62 Tuas Basin Link and 32 Gul Crescent. The estimated total factory and warehousing land area is 16,453 sq. m. We source our products from over 50 reliable suppliers from Spain, Japan, Finland, Italy, Taiwan, South Korea and other countries.






































Historical Price Data
 Date Open High Low Close
Volume  
10 Jan 2008 0.450 0.450 0.440 0.440
42,000
09 Jan 2008 0.460 0.460 0.460 0.460
20,000
08 Jan 2008 - - - -
0
07 Jan 2008
-
-
-
-
0
04 Jan 2008 0.460 0.460 0.460 0.460
125,000

Fundamentals
Historial EPS ($) a
  0.08081
Rolling EPS ($) e
  0.08081
NAV ($) b
  0.3545
Historical PE
  5.321
Rolling PE f
  5.321
Price / NAV b
  1.213
Dividend ($) d
  -
52 Weeks High
  0.695
Par Value ($)
 n.a.
Dividend Yield (%) d
  -
52 Weeks Low
  0.400
Market Cap (M)
  95.460
Issued & Paid-up Units c
  222,000,000
 
a Based on latest Full Year Results Announcement
b Based on latest Results Announcement (Full Year, Half Year or Interim)
c Rounded to the nearest thousand. Updated on 28/08/2007. Please click here for more information.
d Dividend is based on latest Full Year results announcement and excludes special dividend.
e Summation of the earnings from the latest 4 Quarter (or 2 Half Year) results announcement, adjusted for the current number of shares.
f Based on rolling EPS

Newsroom
25 Oct 2007 Resolutions Passed At The Annual General Meeting Held On 25 October 2007
09 Oct 2007 Notice Of Annual General Meeting
24 Aug 2007 Full Year Financial Statement And Dividend Announcement
15 Aug 2007 Use Of Proceeds From Initial Public Offering
31 Jul 2007 Report Of Persons Occupying Managerial Positions Who Are Related To A Director, CEO Or Substantial Shareholder



Disclaimer: Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, neither the publishers, authors and their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever caused. We shall not be liable for any actions taken based on the views expressed, or information provided within this publication. Information within this publication should not be taken or construed as an offer of, or the giving of, advice to buy or sell securities. The publishers, its associated companies and their officers, directors, employees may own or may have owned or have positions in the securities mentioned or reported in this publication, and may from time to time, add on to or dispose such securities. You should always seek your own professional advice from the appropriate advisor or institution. No part of this publication may be reproduced, stored, transmitted in any form of by any means without the permission of the Publisher.
 
 
ShareInvestor Pte Ltd 158 Cecil Street #08-03 Dapenso Building S(069545)
Tel: 62208807 Email: admin@shareinvestor.com