20 May 2008      
 
WEEK'S TOP VOLUME
 Name
Volume '000 
GoldenAgr
206,700
HSI25200MBLeCW080529
151,301
China Hongx
111,747
Oceanus
99,843
SingTel
94,034
Weekly movement as at 16 May 2008
WEEK'S TOP GAINER
 Name
Price  
Chg 
JMH 400US$
35.600
+2.860
JSH 500US$
18.980
+1.060
KepCorp MBLiCW090403
5.050
+0.930
Kep Corp
11.800
+0.820
S I A 200
16.260
+0.760
Weekly movement as at 16 May 2008

 
HEADLINES FOR THE WEEK
CapitaLand : JV firm in Abu Dhabi launches inaugural integrated development project.
Pan-United Corporation : Signs agreement with Kajima Overseas Asia Pte Ltd for the supply of ready-mixed concrete to the Marina Bay Financial Centre project.
SIA : To face more delays in deliveries of additional A380 jets.
SIA  : Looks to sell 49 per cent stake in Virgin Atlantic in light of unhappy arrangement.
DBS Group Holdings : Sells preference shares and raises $1.5 billion in proceeds to increases its capital.

 

Asia Pacific Breweries : Enters JV agreement to construct a brewery in Guangzhou worth RMB 600 million.
Frasers Centrepoint Trust : Reopens Anchorpoint for business as an outlet mall after its $13 million makeover.
Allco Reit  : Sees Moody's confirm its Ba2 rating.
CDL :  Introduces first annual report on property development's impact on environment including factors such as energy usage and carbon emissions.
SIA : Saw overall load factor drop 67.5 per cent.

 

My Interview with Profitability and Probability Traders

By Jack Wong
Optionetics.com.sg

This article is dedicated those who wants to know (Which is Better? Probability or Profitability)?

This missing link is regardless of whether you are a probability trader or a profitability trader, trade management is a critical part of this business. So, without further ado, let me call upon Bok and Alec and I will do a short interview with each of them to find out how they manage their position on (BAC).

My Interview with Bok - more..

Listed Company Results Highlights

WBL Streamlines To Focus On Key Business Areas

WBL Corporation Limited saw net profit for the second quarter of 2008 increase over six fold to S$11.8 million from S$1.6 million in the second quarter of 2007. The stellar gains were attributed to a one-off S$6.2 million gain from the sale of the group’s non-core assets as well as operational profits stemming from the China property as well as technology businesses.

Group Chief Executive Officer Mr Tan Choon Seng commented that the group will be focusing on its manufacturing, automotive and real estate divisions as well as trimming down its passive, peripheral as well as loss-making businesses. The group has ceased operations in its precision die-casting plant in Thailand which incurred successive losses. In addition, the group also sold off a subsidiary Wearnes Beida to AsiaPharm, its shares in Straits Trading as well as an automotive maintenance and storage building in Hong Kong.

The CEO sees the group’s China property business unit as a main driver for earnings this quarter thanks to higher average selling prices as well as strong sales made by its joint venture associates in Suzhou and Shanghai. With a healthy land bank in China as well as early entry into regions where property prices have yet to rise significantly, the group looks to grow its share of the China property market.

Similarly in its manufacturing division, US-listed Multi-Fineline Electronix, Inc (MFLEX) reaped US$348.1 million in sales for the first half of FY 2008 attributed to increased sales to three of its key customers for flexible printed circuit boards. These customers comprise 90 per cent of the company’s business.

With its automotive and trading business, Mr Tan is confident that the division will be able to handle the currently slowing consumer sentiment better than other automotive players in Singapore due to its niche market which includes relatively upscale brands such as Jaguar, Volvo and Bentley

Focusing on these three divisions and streamlining other operations, the group looks to make itself ‘leaner’ as well as to cultivate its portfolio of investments to discover another profitable line of business in the near future.


Featured Listed Company

Kinergy Ltd Business Model Profile

Kinergy Ltd (Kinergy) has an Electronic Manufacturing Services (EMS) division which provides full turnkey design and build of microprocessor-controlled automated equipment, precision mechanical components and customised electro-mechanical equipment to Original Equipment Manufacturers (OEM) in the semiconductor, electronics, medical and industrial sectors.

The EMS sector as a whole focuses on providing large economies-of-scale in manufacturing, combining resources, sourcing for raw materials, offering value-added services such as repair and warranties as well as services in industrial design. These services ensure that the customer, usually OEMs, is not required to make and hold large volumes of inventory at hand and thus enabling them cut down on response times involving sudden increases or decreases in demand for the particular product. Additionally, EMS-made products are always labeled with the OEM customer’s corporate brand and identity.

Kinergy also has an OEM division that does industrial design and manufacturing of its own proprietary Kinergy brand of microprocessor-controlled automated machines such as Auto Frame Loaders (AFLs), high speed servo trim and form systems, auto-buffing and strip laser marker machines for use mainly in the semiconductor assembly and test industry. The Group's revenue breakdown for the financial year ended 31 December 2007 saw the EMS division comprising 82 per cent of revenue and the OEM division making up the remaining 18 per cent.


Investor Relations Alert

Explomo Technical Services Pte Ltd To Dispose Expired Ammunitions From Taiwan For US$17,888,000.00

TSH Corporation Limited (TSH) is pleased to announce that Explomo Technical Services Pte Ltd (Explomo), a 90 per cent owned subsidiary of TSH, has been awarded a 24 months contract to dispose expired ammunitions from Taiwan (the Contract).

The value of the Contract is US$17,888,000.00 and it is scheduled to be completed by 2010.

The Contract is expected to contribute positively and significantly to the net tangible assets per share and earnings per share of the Group for the financial year ending 31 December 2008.

TPA Strategic Holdings Ltd, an investment holding company, is primarily focused on the aviation business with a main portion of investments directed towards regional developments within this sector. The Company also has an interest in the ordnance and homeland security services business which has been restructured from its previous industrial products and services business.

FSL Trust To Acquire Three Containerships For US$210 Million

FSL Trust Management Pte. Ltd. (FSLTM), Trustee-Manager of First Ship Lease Trust (FSL Trust), announced that it has entered into a conditional agreement to acquire three container vessels from a wholly owned subsidiary of Taiwan-based and -listed Yang Ming Marine Transport Corporation (YML) for a total consideration of US$210 million. YML is the world’s 16th largest container liner company with a consolidated revenue of NT$133.8 billion (US$4.1 billion) in 2007. The agreement remains subject to documentation and closing for vessels 1 and 2, and subject to documentation, closing and financing for vessel 3.

The first vessel is expected to be delivered to FSL Trust by end May, the second by end June and the third by end October, all within this year. The acquired vessels will concurrently be leased back to YML for a lease term of 12 years. The lease payments are on a fixed basis for the entire lease term. Each lease agreement contains a purchase option for YML at the expiry of the 12 year lease term.

The acquisition of the first two ships will be funded by drawing from FSL Trust’s second US$200 million revolving credit line which is arranged by The Bank of Tokyo-Mitsubishi UFJ Co., Ltd., Singapore Branch and Bayerische Hypo- und Vereinsbank AG, Singapore Branch. Upon drawing from that line FSLTM will arrange for interest rate swaps to provide for a long term spread protection for these leases. FSLTM has commenced discussions with its lenders to increase the second revolving credit line from US$200 million to about US$265 million, enabling FSL Trust to also take delivery of the third vessel. Once these discussions are concluded, FSLTM will make an announcement providing further details.

First Ship Lease Trust (Reuters: FSLT.SI; Bloomberg: FSLT SP) is a provider of leasing services on a bareboat charter basis to the international shipping industry. Upon successful closing of the third Yang Ming vessel by end October 2008, FSL Trust will have a diverse portfolio of 23 modern and high quality vessels, consisting of seven containerships, nine product tankers, three chemical tankers, two dry bulk carriers and two crude oil tankers. These vessels have an average age of approximately 3.2 years, and an average remaining ease period of approximately 9.2 years (excluding extension periods and early buy-out options).

Sino-Env Senior Management Invited To Visit Euronext

Sino-Environment Technology Group Limited (the Group or SINO-ENV) announced that the Group’s senior management has been invited by Euronext to visit their offices and operations in Amsterdam and Paris. The invitation was extended to Sino-Env as the Group is contemplating the listing of its subsidiary, Fujian Weidong EPT Co., Ltd. (Weidong), on Euronext within the next 12 months.

As an initial step, Sino-Env is currently in discussions with the minority shareholders of Weidong with a view to acquiring substantially all the remaining 40 per cent equity interest in Weidong not currently held by the Group. The Group is simultaneously in negotiations to acquire another unnamed dust-elimination company (Target Company) in the Peoples’ Republic of China (PRC). The Target Company specialises in dust-bag or arrestor technology of dust elimination whereas Weidong specialises in electro-static technology of dust elimination.

The acquisition of Target Company will enhance the Group’s overall capabilities in the dust-elimination segment in PRC, making Sino-Env a leader in this segment. If successful, the Group will restructure the two dust-elimination companies and prepare them for listing within the next 12 months. The Group is unable to ascertain impact, if any, on the net tangible assets and earnings per share of the Group for the current financial year ending 31 December 2008 at this point. Further announcements will be made in the future.

Sino-Environment Technology Group Limited (Sino-Env or the Company) and its subsidiaries (the Group) is an environmental protection and waste recovery solutions specialist in the People’s Republic of China (PRC). The Group's business is split into the following main segments: Industrial waste gas treatment, management and recovery of volatile organic compounds (VOC), in particular toluene, Dust elimination, Industrial waste gas treatment and management of sulphur dioxide (SO2) and oxidised forms of nitrogen (NOx) for independent power plants, in particular coal fired power plants (desulphurisation and de- nitrogenation), Industrial waste water treatment and management.

Anwell Wins Contracts Over US$6.5 Million At MEDIA-TECH Expo 2008 In Germany

Anwell Technologies Limited (Anwell or The Group) announced that it has signed contracts with four customers with a sum of contract value over US$6.5 million for sale of Anwell’s Blu-ray disc and DVDR production lines at the MEDIA-TECH Expo 2008 in Germany. Deliveries for the lines are expected to start in quarter three of 2008. The MEDIA-TECH Expo 2008 held in Frankfurt, Germany during May 6 to May 8 is the ultimate blend of industry leaders and innovative products in the optical media manufacturing business. Anwell has showcased its latest Blu-ray disc (BD) production line - Smart BD and run it on site to show the advanced process technologies of Anwell.

The visitors - over 200 of them - were allowed to test the Blu-ray disc produced at the Expo. Anwell is the only exhibitor showing a BD production line under real production demonstration.

The showcase of the BD line has also facilitated much positive discussions with over 50 potential customers. Being the only BD equipment manufacturer in China, Anwell has successfully signed contracts with customers at the Expo for a sum of total contract value over US$6.5 million. Two of the customers are Laserdisc for the sale of the DVDR production lines and Expedia for the sale of BD production lines. Laserdisc is the largest disc manufacturer in Argentina with plants in Chile, Peru, Costa Rica also. Anwell’s DVDR production line – SL2D, will be the first DVDR production line to be installed in Argentina. Expedia Media LLC is a well-known turn-key providers in U.S. coordinating diverse production elements including VHS, DVD, CD and audio manufacturing, print, packaging, graphic design, product warehousing, assembly and fulfillment services. With Anwell’s integrated BD manufacturing solutions, Expedia will be capable to gain a foothold in BD media market.

Anwell Technologies Ltd. (Anwell) is a global leader in providing integrated solutions for optical disc replication business. The Group’s activities include the manufacturing and sales of optical disc production lines and blank optical discs. Currently, Anwell has business relationships with over 120 optical disc manufacturers. With the various proprietary technologies acquired since the company was founded in year 2000, Anwell has continued to study the opportunities to tap into other industries, including OLED, solar industries and etc.

Sino Environment Offers Condolences To Victims Of Sichuan Earthquake

Sino-Environment Technology Group Limited (the Group or SINO-ENV) would like to express our deepest sympathy and condolences to the victims of the earthquake in Sichuan, the Peoples’ Republic of China (PRC). We will look into ways which we can aid survivors of this disaster.

The Board of Directors wishes to announce that the Group’s operations have not been affected by yesterday’s earthquake in Sichuan.

The destruction was mainly concentrated in the Sichuan area, and the Group does not have any operations in Sichuan. Tremors were felt in many parts of PRC, including Chongqing, where one of our subsidiaries is situated; however our operations are not affected.

Sino-Environment Technology Group Limited (Sino-Env or the Company) and its subsidiaries (the Group) is an environmental protection and waste recovery solutions specialist in the People’s Republic of China (PRC). The Group's business is split into the following main segments: Industrial waste gas treatment, management and recovery of volatile organic compounds (VOC), in particular toluene, Dust elimination, Industrial waste gas treatment and management of sulphur dioxide (SO2) and oxidised forms of nitrogen (NOx) for independent power plants, in particular coal fired power plants (desulphurisation and de- nitrogenation), Industrial waste water treatment and management.

Noble Group Subsidiary Brazilian Miner MHAG Hires Luis Carlos Nepomuceno As CEO

MHAG, a Brazilian iron ore mining company of which Noble Group owns 30%, has appointed Luis Carlos Nepomuceno to head the executive board as CEO effective immediately. With 26 years of mining experience, Mr Nepomuceno will lead the expansion and implementation of the company’s key initiatives including the pellet feed and pellet plant project, port construction, slurry line and rail system.

Prior to joining MHAG, Mr Nepomuceno worked for 22 years for Vale in various positions including responsibility for business units in Brazil, Director General of the Department of Manganese and Alloys and as Director, President of Rio Doce Manganese Europe. An engineer and a post-graduate in Environmental Engineering in Belgium (Ghent), Mr Nepomuceno initially specialized in environmental control studies in Japan (JICA) and subsequently in Corporate Management in Europe and USA (IMD, MIT, INSEAD and KELLOGG).

Luis Carlos Nepomuceno replaces Pio Egidio Sacchi, a shareholder, who presided over the company during the last 3 years. Mr Sacchi will elevate to the Administrative Board where he will work on strategies, investments and acquisitions of the company. MHAG possesses inferred mineral resources of 3.8 billion tons of iron ore located in the states of Rio Grande do Norte and Paraíba. In 2006, MHAG started production and export through the port of Suape/PE to the Far East and Middle East.

Noble Group (SGX: NOBL) is a market leader in managing the global supply chain of agricultural, industrial and energy products. We operate from over 100 offices in more than 40 countries, serving 4000+ customers. Noble manages a diversified portfolio of essential raw materials, integrating the sourcing, marketing, processing, financing and transportation.

Luzhou Bio-Chem Report On Sichuan Earthquake

Luzhou Bio-chem Technology Limited (the Company, and together with its subsidiaries, the Group) refers to reports on the earthquake that hit Sichuan Province, the PRC, on Monday, 12 May 2008. The quake, with a magnitude of 7.8, struck 93 kilometres from Chengdu.

The Directors wish to inform shareholders and the investing public that the Group’s Sichuan plant did not suffer any damage due to the earthquake and none of the Group’s working staff had been injured.

As a precautionary measure, the Group has temporarily shut down its Sichuan plant. The Group is currently working closely with the relevant authorities to assess the situation and to re-open the plant as soon as possible. The Directors will provide an update on the situation once available.

Our Company was incorporated in Singapore on 30 September 2004 under the Companies Act as a private limited company, under the name of "Luzhou Bio-chem Technology Pte. Ltd.". Our Company was converted into a public limited company and its name changed to "Luzhou Bio-chem Technology Limited" on 16 September 2005. Our Group comprises our Company and our subsidiaries, Shandong Bio-chem, Liaoning Bio-chem and Shaaxi Bio-chem. We are a corn refiner principally engaged in the production and distribution of various sweeteners to our customers domestically and overseas. Depending on the market conditions and production requirements for our sweeteners, we also sell corn starch, an intermediate product in the production of sweeteners. By-products of our production process are also sold to generate additional revenue. Our customer base consists of domestic and overseas manufacturers from various industries that use our products as additives or ingredients in the manufacture of their products.

Sinopipe Establishes Wholly-Owned Subsidiary To Replace Existing Branch Office Under Fujian Atontech In Guizhou, The PRC

Sinopipe Holdings Limited (Sinopipe) and its subsidiaries (collectively the Group), announced the incorporation of a wholly-owned subsidiary, Sinopipe Guizhou Co., Ltd. (Sinopipe Guizhou) in Guizhou, the People’s Republic of China (the PRC).

The registered capital of Sinopipe Guizhou is US$ 5 million and its principal activities are that of production and sale of mainly PVC (polyvinyl chloride) and PE (polyethylene) pipes and fittings in the PRC. Currently, Sinopipe’s sale and production operations in Guizhou, the PRC are conducted on leased premises through its Guizhou branch office under Fujian Aton Advanced Materials Science and Technology Co., Ltd. (Fujian Atontech), a 99.10 per cent owned subsidiary of Sinopipe.

With the incorporation of Sinopipe Guizhou to replace the Guizhou branch office, Sinopipe looks to expand its operations in Guizhou by acquiring land and establishing a larger production base. Eventually, Sinopipe aims for Sinopipe Guizhou to achieve production capacity of 13,500 tonnes which is approximately three times that of the current capacity of Guizhou branch office. With the incorporation of Sinopipe Guizhou to replace the Guizhou branch office, the Group’s entity in Guizhou will be in a better position to tap on capital resources for development and expansion and to seek preferential tax treatment, by being part of the PRC’s South-Western development region.

Established since 1994, we (“Sinopipe Holdings Limited and its subsidiaries”) are primarily engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings for use in various types of piping systems and networks in applications such as drainage and sewerage, water supply, telecommunication, power supply, water-saving irrigation and gas supply.

Joint Venture Agreement Entered By PT PP London Sumatra Indonesia Tbk

Indofood Agri Resources Ltd. (the Company) announced that its listed subsidiary in the Indonesia Stock Exchange, PT PP London Sumatra Indonesia Tbk (LONSUM), has entered into a joint venture agreement with the Ghanaian Council for Scientific and Industrial Research (CSIR) to create a joint venture company in Ghana to develop and realise the genetic potential of oil palm for commercial exploitation for the mutual benefit of the parties (Joint Venture).

The Joint Venture will be funded by internal resources. None of the directors of the Company has an interest, direct or indirect, and the Company has not received notification from any of its controlling shareholders that it has an interest, direct or indirect, in the Joint Venture.

IndoAgri is one of Indonesia’s major vertically-integrated manufacturers of edible oils and fats with a significant market share in the branded cooking oil, as well as the margarine and shortening segments in Indonesia. Its business operations range from oil palm cultivation and milling to the refining, branding and marketing of cooking oil, margarine, shortening and other palm oil derivative products. The Group also has undeveloped plantation land which can be developed to increase its production of Crude Palm Oil ("CPO"). It is also a leading producer of Crude Coconut Oil ("CNO") in Indonesia. IndoAgri believes that operating as an integrated agribusiness group provides a resilient business model with significant economies of scale and cost advantages. This in turn increases IndoAgri’s competitiveness.

CapitaRetail China Trust's Properties In China Not Affected By Earthquake In China's Southwest Sichuan Province

CapitaRetail China Trust Management Limited, as manager of CapitaRetail China Trust (CRCT) announced that none of its China properties have been affected by the earthquake in China’s southwest Sichuan Province (the Earthquake). All the malls are currently in operation as usual.

CRCT’s portfolio of eight retail malls is located in China’s five key cities, namely, Beijing, Shanghai, Zhengzhou, Huhehaote and Wuhu, which are outside the region affected by the Earthquake.

For enquiries, please contact Tony Tan at 6826 5643 or email: tony.tan@capitaland.com or visit the company website at www.capitaretailchina.com .

Listed on Singapore Exchange Securities Trading Limited (SGX-ST) on 8 December 2006 (Listing Date), CRCT is the first pure-play China retail Real Estate Investment Trust (REIT) in Singapore. It is established with the objective of investing on a long-term basis in a diversified portfolio of income-producing real estate used primarily for retail purposes and located primarily in the People’s Republic of China (China), Hong Kong and Macau. The initial portfolio of seven retail mall properties is located in China’s five key cities. The properties are Wangjing Mall, Jiulong Mall and Anzhen Mall in Beijing, Qibao Mall in Shanghai, Zhengzhou Mall in Zhengzhou, Saihan Mall (formerly known as Jinyu Mall) in Huhehaote, and Xinwu Mall in Wuhu. CRCT completed its first acquisition, which was the purchase of Xizhimen Mall in Beijing, in February 2008.

Earthquake In Sichuan Province, The People's Republic Of China

Sinopipe Holdings Limited (the Company, and together with its subsidiaries, the Group) refers to reports on the earthquake that hit Sichuan Province, the People’s Republic of China (the PRC) on 12 May 2008 of which the epicenter of the earthquake is Wenchuan County in Sichuan Province, the PRC, about 90 kilometres from Chengdu city and about 360 kilometers from Chongqing municipality.

The Board wishes to inform that based on reports received by the Group to-date, the Group’s facilities in the PRC have not been damaged by the earthquake and production activities are on-going with no disruption. In addition, all of the Group’s staff and personnel in the PRC are safe.

The Board is monitoring the situation closely and will provide further updates, where appropriate.

Established since 1994, we ("Sinopipe Holdings Limited and its subsidiaries") are primarily engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings for use in various types of piping systems and networks in applications such as drainage and sewerage, water supply, telecommunication, power supply, water-saving irrigation and gas supply.

 

 

Synear Report On Sichuan Earthquake

Synear Food Holdings Limited (the Group) refers to reports on the earthquake that hit southwestern Sichuan Province, the PRC, on Monday, May 12, 2008. The quake, with a magnitude of 7.8, struck 93 kilometres from Chengdu. Based on reports received to-date by the Group, the Directors wish to inform shareholders and the investing public that Synear’s production plant in Chengdu did not suffer any material damage following the earthquake. More importantly, none of the Group’s staff suffered any serious physical injury.

However, as a precautionary measure, the Group has temporarily shut down its Chengdu plant on Tuesday, May 13, 2008. The Group is currently working closely with the relevant authorities to assess the situation and resume operations as soon as possible. The management team has since contacted most of its distributors located in the disaster-hit region in Sichuan province and confirmed that most were unhurt and operations were minimally affected. Due to the disruption in communication, the management team has been unable to touch base with approximately 8 distributors located in some of the worst-hit areas.

For the financial year ended December 31, 2007 (FY2007), the region affected by the disaster contributed less than 1 per cent (or approximately RMB20 million) to the Group’s total revenue of RMB2.2 billion. The Directors therefore do not expect the earthquake to have a material impact on the Group’s financials for the current financial year. To do their part for the victims affected by the disaster, the Group will contribute RMB1 million in cash and food supplies to the Red Cross Society of China. The Directors are monitoring the situation closely and will provide further updates to all shareholders and the investing public, where appropriate.

We develop, produce and sell quick freeze food products under our ?? (Synear) brand name. Located in Zhengzhou City, Henan Province, the PRC, we pride ourselves on producing a wide variety of traditional ready-to-eat Chinese staple food, with its original flavours and freshness. Our quick freeze food products are convenient to prepare and easily accessible to consumers via supermarkets, retail outlets and stores. As a testimony to our strong brand name, our Synear brand was voted as one of the "China's Top 500 Most Valuable Brands" for three consecutive years from 2004 to 2006. We are also honoured to be selected as the exclusive supplier of quick freeze food products to the Beijing 2008 Olympic Games.

Kingsmen Creatives Puts Additional Investment In Kingsmen (Korea) Limited

Kingsmen Creatives Ltd. (the Company) wishes to announce that the Company has invested an additional KRW192,856,000 (approximately S$265,000 in the share capital of Kingsmen (Korea) Limited (KKL), an associated company of the Company, by way of subscription for 10,286 voting redemption preferred shares of KRW5,000.00 each, and 15,714 non-voting redemption preferred shares of KRW9,000.00 each.

The authorised capital of KKL is KRW5, 000,000,000. With the above investment, the issued and paid-up capital of KKL increased from KRW600,000,000 to KRW972,220,000 comprising of 120,000 ordinary shares, 34,286 voting redemption preferred shares and 40,158 non-voting redemption preferred shares. The 30 per cent equity interest of the Company in KKL remains unchanged.

The additional investment in KKL was funded through internal resources and is not expected to have a material impact on the earnings per share and the net tangible assets per share of the Company for the financial year ending 31 December 2008.

Established in 1976, Kingsmen has grown from a local outfit to a regional group with offices in 16 major cities across the Asia Pacific and Middle East regions through its affiliates. The Group designs and produces exhibits for events, tradeshows and even museums and visitor centres. Kingsmen is also reputed for quality interior design works, and has carved a niche in the mid to up-market retail sector. To provide value-added services to clients, the Group offers integrated marketing communications services, enabling Kingsmen to function as a one-stop-shop solutions provider.

Report On The Non-Impact Of Sichuan's Earthquake On The Group's Businesses And Operations

The Board of Directors of Devotion Energy Group Limited (the Company) wishes to announce that the Group’s businesses and operations are not affected by the earthquake in Sichuan province, PRC as the Group’s office and factory located at Guangdong province is a distance away from Sichuan province.

Devotion Energy Group Limited is a specialist in the development and fabrication of energy saving and environmentally friendly central heating infrastructure and related thermal equipment. Our main products include: Thermal Equipments (Industrial and Domestic Boilers), Home Applications for heating / bathing, Water Tar Slurry /Water Coal Slurry (Alternative Energy Sources), Energy Saving and Environment Friendly equipments.

Condolences To The Victims Of The Sichuan Earthquake; Donation Of RMB1 Million And RMB2 Million Worth Of Pharmaceuticals To The Beijing Red Cross

Sihuan Pharmaceutical Holdings Group Ltd (Sihuan Pharmaceutical or the Group) would like to express our deepest sympathy and condolence to the victims of the recent earthquake in Sichuan, the People’s Republic of China (PRC).

Our subsidiary, Beijing Sihuan Pharmaceutical Co., Ltd, has donated RMB1 million in cash as well as RMB2 million worth of life-saving drugs such as Naloxone to the Beijing Red Cross.

Naloxone is one of the emergency drugs used to treat unconscious patients. In addition, we will look at other ways in which we can aid the survivors of this disaster.

The Board of Directors wishes to announce that the Group’s operations have not been affected by the earthquake in Sichuan on Monday. The destruction caused by the earthquake was concentrated mainly in the Sichuan rural area, and the Group does not have any operations in the affected area.

A leading pharmaceutical company in the field of cardiocerebral vascular drugs in the PRC, Sihuan Pharmaceutical Holdings Group Ltd focuses on the research and development (R&D), production as well as sales and marketing of cardiocerebral vascular (CV) and noncardiocerebral vascular (NCV) drugs in different forms and dosages.

Ezra's Vietnam Yard Clinches 3rd Major Win In Just 7 Months

Ezra Holdings Limited (Ezra, The Group), a announced that its Vietnam offshore engineering fabrication arm has been awarded a fabrication and assembly contract worth US$55.4 million.

The deal was secured by Saigon Offshore Fabrication & Engineering Limited (SOFEL), a wholly-owned subsidiary of HCM Logistics Limited, Ezra’s offshore fabrication engineering arm in Vietnam. The contract, for delivery in FY10, is the second major job that SOFEL has clinched this year. It scored its first big win of the year in February, with another US$55.4 million contract, also for delivery in FY10.

HCM Logistics operates fabrication facilities in Ho Chi Minh City and Vung Tau. This latest deal marks its third major contract since October 2007. Taken together, the three deals are worth US$213.9 million. HCM Logistics is 100 per cent-owned by Ezra.

Ezra is an integrated offshore support solutions provider for the oil and gas industry. The business was founded in 1992. Today, Ezra is listed on the Singapore Exchange Securities Trading Limited ("SESDAQ") and recently promoted to Mainboard on 8th December 2005. Its headquartered in Singapore. Its offshore support services division provides offshore support vessels for charter, as well as ship management services for its own, and for third party vessels. The Group also has a marine services division that provides marine supplies and engineering services. It has grown to be a market-driven business leader in the offshore support services and marine services industries in the Asia Pacific region.

Contribution Of RMB10 Million For The Relief Efforts Of The Earthquake In Sichuan

Sino-Environment Technology Group Limited (the Group or SINO-ENV) announced that together with our sister companies in Sino Fortune Union Investment Limited, including Radiance Electronics Limited and Dading International Property Group, we have contributed to a donation fund totalling RMB10 million for the relief efforts of the earthquake in Sichuan, the Peoples' Republic of China (PRC).

We hope that this gesture from the Group will assist in the bringing relief to the survivors of this natural disaster as well as aid in the rapid rehabilitation of the environment.

Sino-Environment Technology Group Limited (Sino-Env or the Company) and its subsidiaries (the Group) is an environmental protection and waste recovery solutions specialist in the People’s Republic of China (PRC). The Group's business is split into the following main segments: Industrial waste gas treatment, management and recovery of volatile organic compounds (VOC), in particular toluene, Dust elimination, Industrial waste gas treatment and management of sulphur dioxide (SO2) and oxidised forms of nitrogen (NOx) for independent power plants, in particular coal fired power plants (desulphurisation and de- nitrogenation), Industrial waste water treatment and management.

Plants In China Were Not Affected By Earthquake In Sichuan

MAnwell Technologies Ltd. (Anwell, the Company, or the Group) would like to announce that the Group's plants and operations in China were not affected by the earthquake that occurred in Sichuan on 12 May 2008.

Anwell’s plants in China are located in Guangdong, Henan, and Jilin respectively, all of them are located more than 1,000 kilometres away from Sichuan. There is also no impact on our sales and procurement of raw material.

The Company has decided to make a donation for HK$100,000 to the Red Cross Society of China for the relief to the victims of the Sichuan earthquake. Anwell also called on each of our employees to open their wallets and make monetary donations. The management team has made a donation of HK$400,000 as a start of the donation exercise.

Anwell Technologies Limited is an integrated business solutions provider for the optical media replication business. We design, manufacture and sell optical media replication systems and optical media replication peripherals. We also provide customers with the necessary technical expertise, business knowledge, production systems and service support for them to succeed in the optical media replication business in both recordable and pre-recorded sectors worldwide. In FY2006, with our commitment in market expansion globally, we have successfully gained foothold in North and South Americas with our latest pre-recorded and recordable CD/DVD replication systems that provides a sound overseas customer base for future growth.

Contribution Of RMB10 Million For The Relief Efforts Of The Earthquake In Sichuan

Radiance Electronics Limited (the Group or Radiance) announced that together with our sister companies in Sino Fortune Union Investment Limited, including Sino Environment Technology Group Limited and Dading International Property Group, we have contributed to a donation fund totalling RMB10 million for the relief efforts of the earthquake in Sichuan, the Peoples' Republic of China.

We hope that this gesture from the Group will assist in bringing relief to the survivors of this natural disaster as well as aiding the rapid rehabilitation of the environment.

Radiance is a specialist providing electronics manufacturing services ("EMS") to customers who are OEMs or ODMs of products in the satellite communications and computer peripheral industries. Radiance provides Box Build and PCBA for Satellite Communications products such as Low Noise Block Converters (LNB) and Satellite Signal Distribution Equipment and accessories; and computer peripherals.

OKP Secures PUB Contract Worth S$13.9 Million

OKP Holdings Limited has secured a S$13.9 million contract from the Public Utilities Board (PUB).

The deal, clinched through its wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, is for drainage improvement works at industrial estates around the Chin Bee Road and Gul Circle areas. The scope of work includes the construction of drains, entrance culverts and box culverts along Chin Bee Road, International Road, Quality Road, Jalan Boon Lay, Jalan Tukang, Enterprise Road, Jalan Ahmad Ibrahim, Tuas Ave 1, Gul Circle, Gul Avenue, Gul Way, Pioneer Road and Ghim Moh Road/Commonwealth Avenue West. The contractor is also responsible for providing a temporary bus stop in compliance with the authorities’ requirement, and other ancillary works.

Work is expected to start on 26 May and is expected to be completed in September 2010.

OKP is a leading home-grown infrastructure and civil engineering company in the region, specialising in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads, as well as civil construction works for petrochemical plants and oil storage terminals in the oil and gas sector.

Sihuan Invests In Beijing's Largest Privately Owned Drug Distributor

Sihuan Pharmaceutical Holdings Group Ltd Sihuan, or the Group) announced that it will acquire 45 per cent of Beijing’s largest privately owned pharmaceutical products distribution company for RMB 50.7 million.

Established in 2000, Beijing Purenhong Pharmaceutical Co Ltd (Beijing Purenhong) distributes a variety of pharmaceutical products, in particular specialised medicines on behalf of major PRC and international pharmaceutical companies to 130 major hospitals in Beijing.

This latest move is part of Sihuan’s continuing efforts to ramp up products sales. With the acquisition of Beijing Purenhong, Sihuan will be able to generate even greater demand for both its CV and non-CV drugs, other than its best-selling Kelinao in the capital.

The Group is paying an attractive price-earnings (PE) multiple for Beijing Purenhong at 3.8 times, based on FY08 guaranteed profit after tax of RMB 30.0 million. In the event that the actual profit after tax is lower than the guaranteed level of RMB 30.0 million, Beijing Purenhong will undertake to compensate Sihuan for any shortfall in profit by proportionately returning the RMB 50.7 million purchase price. This company recorded a net attributable profit of RMB 10.0 million for the financial year ended 31 December 2007. Sihuan is a leading manufacturer of cardiocerebral vascular (CV) drugs in China. Its products are sold via an extensive distribution network across China. Group revenue is driven mainly by CV drugs, in particular Kelinao, Chuanqing and Anjieli. Kelinao is China’s best-selling peripheral vasolidation drug based on the drug purchases of a sample of 257 hospitals. Sihuan manufactures drugs at its own production facilities but also engages third-party contract manufacturers. In addition, it is the exclusive distributor of several drugs for an unrelated pharmaceutical company.

 

CEO's Walk The Talk

“…Noble has spent the last two decades bringing new sources of low-cost supply to high-growth markets, catering to the needs of consumers while creating real value for the producers and our shareholders. Over the last couple of years, many of us at Noble have been checking into some pretty basic hotels in distant parts of the world only to turn on the television and hear so-called experts sitting in warm studios talking up the commodity super-cycle. We have a suspicion that these are the same "experts" who were talking about the robust mortgage market a few months ago. For the tired Noble manager in his no-star hotel, who may well have been up for 18 hours to ensure that a ship got into port on time, the best way to handle the commodity super-cycle "expert view" has been to pull the plug and set the alarm for another early morning start. The point is this: Unlike financial investors who can liquidate positions and walk away from the commodity super-cycle, we at Noble have been painstakingly building a tangible business with real ports, real warehouses, physical mines ¨C building businesses in an environment in which major producers of commodities have been consolidating. We operate in businesses that count time in years, not 20-second sound bites. We have said it before, and it bears repeating now: We do not sell hamburgers. But for those who deal in sound bite time, they will be pleased to know that from soybeans that have been crushed in our plants around the world, we do sell soyabean meal for livestock feed. Speaking of time, as any parent knows, children grow and finally reach the point where school exams become a part of life. Since our kids first appeared in one of these statements a couple of years back, they have been working away in the evenings, often alone in their rooms. Parents generally tend to give the kids the benefit of the doubt, so sometimes you need to hear an honest independent opinion. The kids sit exams soon and Dad will see. At Noble we are no different. We have spent a lot of money getting through our teenage years, and we also tell you that we have been working hard, doing a great job. Money well spent we say, but we thought it was also about time to take exams to see just how well we were really doing. In our case, we asked independent judges to come in and kick the tires and tell us whether we were any good. The result was that Noble did pretty well. In January 2008, Fitch Ratings, in the midst of the global credit squeeze, rated the company as "Investment Grade," while Standard & Poor's at the same time upgraded our outlook to "Positive" from "Stable". Maybe we haven't been fooling ourselves, as the progress that we have made can also be seen in the results for the financial year to December 2007. The figures reflect the fact that we are meeting the objectives we set for ourselves. Our return on equity exceeded our 20 percent hurdle, while our revenue was up 71 percent year-on-year, and net profits were up 92 percent.”

Richard Elman
CEO
David Eldon
Non-Executive Chairman
Noble Group Limited



Singapore's Most Promising Company Profile

Strategically located in the Chenjiagang Chemical Zone of Xiangshui county in Jiangsu Province, SunVic Chemical is one of the leading manufacturers of acrylic acid ("AA") and acrylate esters ("AE") in the PRC with an annual production capacity of approximately 205,000 tonnes of AA and 250,000 tonnes of AE currently.

The Group is also one of the first PRC-based companies to undertake large scale production of AA and AE, which are fundamental ingredients used in the production of many everyday industrial and consumer products such as coatings, adhesives, diapers, textiles and detergents.

In addition, the Group has a client base of over 200 customers located in the PRC and overseas markets spanning across Asia, Europe, as well as North and South America.

SunVic Chemical was listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") on 5 February 2007.


 

 































 

Historical Price Data
 Date Open High Low Close
Volume  
15 May 2008 0.370 0.415 0.370 0.410
48,403,000
14 May 2008 0.365 0.375 0.360 0.365
8,761,000
13 May 2008 0.375 0.380 0.355 0.365
8,078,000
12 May 2008 0.370 0.385 0.365 0.375
17,868,000
9 May 2008 0.375 0.385 0.360 0.365
15,933,000


Fundamentals
Historial EPS ($) a
  0.02944
Rolling EPS ($) e
  0.05075
NAV ($) b
  0.2633
Historical PE
  13.757
Rolling PE f
 7.980
Price / NAV b
 1.538
Dividend ($) d
 0.012500
52 Weeks High
 0.725
Par Value ($)
  n.a.
Dividend Yield (%) d
3.086
52 Weeks Low
 0.170
Market Cap (M)
  244.398
Issued & Paid-up Shares c
  603,451,000
 
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 30/04/2008. 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

06 May 2008

Clarification On Press Article

30 Apr 2008

Resolutions Passed At The Annual General Meeting And Extraordinary General Meetings Held On 30 April 2008

30 Apr 2008

Appointment Of Joint Company Secretary

29 Apr 2008

First Quarter Financial Statement And Dividend Announcement

29 Apr 2008

Sunvic Chemical Q1 08 Net Profit Up 8.8 Times To RMB74 Million




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