09 June 2008      
 
WEEK'S TOP VOLUME
 Name
Volume '000 
Gen Int
271,995
GoldenAgr
221,510
Jade
152,698
SingTel
149,782
Oceanus
133,343
Weekly movement as at 07 June 2008
WEEK'S TOP GAINER
 Name
Price  
Chg 
DBS Bk 6% NCPS 10
107.200
+1.000
Jardine C&C
17.160
+0.780
JSH 500US$
18.540
+0.540
JMH 400US$
33.000
+0.500
DBS
19.860
+0.360
Weekly movement as at 07 June 2008

 
HEADLINES FOR THE WEEK
Richland Group Ltd : Looks to switch to oil and gas business model via a three-stage acquisition transaction.
Tuan Sing Holdings : Looks to acquire a stake in Katong Mall.
Keppel Fels : Clinches contract from Ensco for the construction of an ultra-deepwater semi-submersible drilling rig valued at US$537 million.
Aztech Systems  : FMakes diversification of its business a long term goal.
E3 Holdings : Looks to take a 49 per cent stake in Song Yuan Petrochemical Company in spite of former partner Jade Technologies pulling out.
ST Engineering : Enters JV with Kazakhstan-based Glotur Technology Fund to form subsidiary Merit Technologies.
Keppel Corp : Clinches a repeat US$385 million order for its DSS 38 semi-submersible deepwater drilling rig from Brazil-based Queiroz Galvao Oleo e Gas.
CWT Ltd : To ink conditional sale and leaseback agreement of new Logistics Hub 2 in Tanjong Penjuru for $85.7 million.
OCBC Bank : Sees its preference share issue over-subscribed by more than threefold.
Advanced Info Service : Delays launch of new hig-speed internet service in Thailand while awaiting go-ahead from regulators for the importing of equipment.
SPH : Incorporates subsidiary Sphere Exhibits Pte Ltd to pursue MICE business.

 

Keppel Land Limited : Announced that its Vietnam commercial properties are fully leased.
Keppel Land Limited :Announced that its Vietnam commercial properties are fully leased.
Sino Construction : IPOs 100 million shares and 52.7 million vendor shares at 39 cents per share to raise up to $35.6 million in proceeds.
Aztech Systems :  Shipping subsidiary to acquire 4 additional vessels, 2 tugboats and 2 barges worth $8.24 million.
Changi Airports International :Partners Russian Investment company in St Petersburg airport operation bid.
Dayen Environmental : Enters energy business with a US$4.5 million coal acquisition.
SGX : Picks former MD and head of Singapore and Malaysia investments at CL-SA Merchant Bankers Mr Ong Chong Jin as new head of Catalist board.
ST Engineering : Clinches an RMB 88.7 million project for automatic fare collection systems for the Guangzhou MEtro Line 3 North Extension in Guangzhou City, PRC.
Wilmar International : Resumes plant operations in Sichuan.
Chasen Holdings : Looks to acquire a 10 per cent stake in logistic hub in Queensland, Australia for A$5.63 million.
Nera Telecommunications :Takes in $10.2 million in purchase orders for microwave transmission equipment from Indonesian client.
Indiabulls Properties Investment Trust : Extends IPO of retail side shares by one day in light of unsubscribed shares.

 

Kinergy Limited- Multi-Disciplinary Engineering Capabilities

Kinergy’s EMS division focuses on “high mix, low volume” contract design and manufacturing of microprocessor-controlled automated equipment and sub-systems for original equipment manufacturers (OEMs) for both the front-end and back-end processes of the semiconductor industry. The company’s strategic business units (SBUs) focus on meeting the client’s needs with the account/business development managers constantly looking for ways to enhance and add value to the client’s products to ensure cost savings with higher quality output.

The company sources for metal casting, metal fabrication, electro-mechanical parts and PCBA from local and overseas suppliers. The parts are assembled, inspected, tested and packaged before being shipped to clients. Customers can utilise the company’s core competencies in facilitating supply chain management and outsourcing capacity as well as its design and development processes to create value added input and produce a quality final product within a shorter period of time.

In the OEM side, the company works closely with customers to ‘custom-fit’ its proprietary equipment, under the ‘Kinergy’ brand name, to use in machine production by other OEM customers. Services provided include Equipment Manufacturing and Precision Tooling. Additionally Kinergy Limited also fabricates, commissions, and provides maintenance services for our machines.

The company has manufacturing facilities set up in Nantong, Wuhan and Shanghai as well as in the Philippines to ensure cost-competitive advantages while the R&D teams in Singapore constantly come up with cutting edge innovations to keep ahead of competitors in the industry.

These competitive advantages ensure that Kinergy is on track to fulfill its mission to be an international, best of class provider of Electronics Manufacturing Services in the area of high-mix/low volume high technology equipment.


Investor Relations Alert

Soilbuild Awarded Tanjong King Project By JTC

Soilbuild Group Holdings Ltd announced the clinching of a Concept-and-Fixed Price Tender (CPT) from JTC Corporation (JTC). The award is to develop a landmark distinctive five-storey business facility at Tanjong Kling will add some 1.4 million square feet (sq ft) of business space to its growing portfolio of business space for SMEs and MNCs.

With a land area of 52,568 square metres (sq m) and a plot ratio of 2.5, the site for the new business hub can be developed up to a maximum gross floor area of 131,420 sq m. The landmark gateway development will comprise 45 modular and regular-shaped units, with sizes ranging from 2,200 sq m to 5,600 sq m. The site is on a 30-year lease, with the option to renew for a further 30 years. Being conveniently situated close to Jurong Island, the factories will cater to large corporations or MNCs in the marine engineering, supporting oil & gas exploration, as well as supporting industries for the growing petrochemical-related industries on Jurong Island.

The development is expected to be cost about S$208 million and will take about 22 months to complete. Soilbuild is an integrated property developer with an established track record of more than 30 years, whose portfolio includes residential and business space properties. Led by an experienced management team that blends a strong entrepreneurial spirit with extensive technical expertise, the Group has a unique business strategy. It enhances returns and manages risks by shortening its investment-to-sales cycle. By leveraging on its strengths in design and innovation, Soilbuild maximises yields on its properties. The Group has successfully acquired and developed a range of residential properties, mainly in prime urban districts. Projects under development include Leonie Parc View and One Tree Hill Residence, and completed properties include Pinnacle 16.

Sunpower Secures Additional RMB74 Million Contract To Supply To Solar Industry

Sunpower Group Ltd. (Sunpower or the Group) announced that the Group’s wholly-owned subsidiary, Jiangsu Sunpower Technology, has been awarded the contract to supply pressure vessels to PRC’s leading polysilicon manufacturer Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd.

The contract stipulates the manufacturing and supply of pressure vessels for Jiangsu Zhongneng for the third phase of its polysilicon project.

The contract is worth approximately RMB74 million and is expected to complete by the second half of this year. It is also expected to have a positive impact to FY2008 performance.

PRC-based Sunpower Group Ltd. specializes in the design, R&D and manufacture of customized energy saving and environmental protection products using heat transfer technologies. Its products range from heat pipes and heat exchangers to pipe supports, waste gas and energy recovery systems, and pressure vessels. They are used in various industries such as petrochemical, steel and transportation, particularly in energy projects that benefit from the products’ energy-saving features. Sunpower has a strong customer base and is a member of both China Petroleum and Chemical Corporation (SINOPEC) materials supply network and China National Petroleum Corporation (CNPC) first-tier network. These memberships pre-qualify the Group to supply products to companies in the SINOPEC and CNPC groups. Till date, the Group has 11 patents registered in China to its proprietary heat technologies.

Tung Lok Incorporates New Subsidiary

Tung Lok Restaurants (2000) Ltd (the Company) announced that its wholly-owned subsidiary, TLG Asia Pte. Ltd. has incorporated a wholly-owned subsidiary, Shin Yeh Restaurant Pte. Ltd. (Shin Yeh) in Singapore pursuant to Rule 704(15)(c) of the Listing Manual.

Shin Yeh has an initial paid-up capital of S$1.00.

The principal activities of Shin Yeh are that of a restaurant business.

Tung Lok Restaurants (2000) Ltd is Singapore's leading innovative restaurant chain. Offering a distinct and multi-sensory dining experience at each of its restaurants, the Tung Lok group of restaurants has grown to become popular dining venues for discerning local and international diners. Each Tung Lok outlet bears the hallmark values of quality food, excellent service and unique dining concepts. This trinity has led the group to win numerous accolades from the F&B industry, including awards from Asia's premier gourmet event - the World Gourmet Summit. Tung Lok has also been a regular host to internationally acclaimed chefs. In 2002, Tung Lok hosted guest chef Zhang Jin Jie from Beijing, and this not only resulted in a successful promotion during the Summit, it was also instrumental in the creation of Tung Lok's latest restaurant, My Humble House at The Esplanade, Theatres on the Bay.

 

 

Zhonghui Proposes Notes Issue

Zhonghui Holdings Ltd. (the Company) announced that the Company intends to undertake a notes issue to Pacific Capital Investment Management Limited (Pacific Capital) of unsecured non-interest bearing notes due 2011 in aggregate principal amount of up to S$12 million (the Notes) (the Notes Issue). The Notes Issue is conditional upon, inter alia, the in-principle approval being obtained from the Singapore Exchange Securities Trading Limited (the SGX-ST) for the listing and quotation of the new shares to be issued upon conversion of the Notes (the Conversion Shares) on the Official List of the SGX-ST, and the specific shareholders’ approval for the Notes Issue being obtained at an extraordinary general meeting to be convened.

The Company will make an application to the SGX-ST for the listing of the Conversion Shares. An appropriate announcement on the outcome of the application will be made and a circular to shareholders containing information on the Notes Issue will be dispatched, in due course. The Notes shall be convertible at the option of the holder of the Notes into ordinary shares in the capital of the Company, subject to the provisions of the subscription agreement to be entered into between the Company and Pacific Capital following the specific shareholders’ approval being obtained, at a conversion price (the Conversion Price) to be determined in accordance with the terms and conditions of the Notes and subject to such adjustments as to the Conversion Price.

The proceeds from the Notes Issue will be used by the Company for general corporate purposes and for working capital. Pacific Capital is a boutique institutional fund based in the United Kingdom with investments in the global emerging markets. The subscribers of Pacific Capital are pension funds and private equity funds. None of the directors and shareholders of Pacific Capital are related to or associated with any of the directors or substantial shareholders of the Company. Zhonghui provides turnkey services involving the supply of entire domestic solid waste management systems that are designed to better serve the needs of the PRC market and are more suitable to treat the types and quality of domestic waste in the PRC. It mainly undertakes projects providing fully integrated solid waste management systems for municipalities.

Sinopipe's Subsidiary, Aton Inner Mongolia Smoothly Completed Relocation To New Premises And Increased Production Capacity

Sinopipe Holdings Limited (Sinopipe) and its subsidiaries (collectively the Group), who are engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings, announced today that its 57.51 per cent owned subsidiary, Inner Mongolia Aton Plastics Co., Ltd. (Aton Inner Mongolia) has successfully completed the relocation of its production facility from its old premises at Ruyi Development Zone to the new premises at Jinshan Econ-Tech Development Zone, both in Huhhot City, Inner Mongolia, the People’s Republic of China (the PRC). The gross floor area of the new premises is approximately 4,919 square metres, an increase from approximately 3,791 square metres at the old premises.

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. We have 10 production facilities located across the People’s Republic of China (the PRC) and we sell our products through a distribution network comprising eight subsidiaries, nine branch offices, three independent provincial distributors and various independent sub-distributors with smaller geographical coverage within the PRC. Our products are sold under our registered brand names of “Aton” and “SUN”. Aton targets at the higher-end market while SUN caters to customers from the rural areas or projects with lower budget.

 

CEO's Walk The Talk

“…Our ladies footwear retail activity remains the top priority in our business model. To satisfy the diversifying market niches, we will engage in multi-brand portfolio building to form a 6 to 8 brand package in the next 2-3 years, achieved through either in-house brand development or collaborations with renowned foreign partners. In addition, to capitalize on the booming retail industry, our sales network will be further enlarged as we have plans to establish another 260 stores, comprising 200 for our in-house brands and 60 for the cooperative brands with Brown Shoe.”



Chen Yixi
Executive Chairman
Hongguo International Holdings Limited



Singapore's Most Promising Company Profile

Established in 2000, China Hongxing Sports Limited (China Hongxing or the Group) is one of the leading sports gear enterprises in the PRC. We are primarily engaged in the design, manufacture and sale of an extensive range of sports footwear, as well as the sale of a wide range of sports apparel and sports accessories. The Group successfully listed on the main board of the Singapore Exchange Securities Trading Limited in November 2005.

All our products are sold under our "Erke" brand name, which has won several awards and accolades in the PRC. Our products are distributed and sold via an extensive retail sales network spanning more than 3,250 point of sales across the PRC.

Our headquarters and sports footwear production facilities are strategically located in Quanzhou City, the PRC, which is widely acknowledged as the "shoe capital" in the country. Our current annual production capacity of sports footwear is approximately 17.9 million pairs of sports footwear. The manufacture of sports apparel, sports accessories and a portion of our sports footwear are outsourced to selected contract manufacturers who meet the stringent quality and design requirements of our Group.

We are actively involved in advertising and promotional activities to raise the profile of our "Erke" brand to consumers. We advertise our products regularly in print media such as magazines and newspapers, on television channels, and on the Internet. On the sponsorship front, in addition to sponsoring sporting teams in schools and association clubs, we are also actively engaged in the sponsorship of sporting events such as the Women’s Tennis Association tour, which has helped enhance our brand visibility across the PRC.


 

 































 

Historical Price Data
 Date Open High Low Close
Volume  
05 June 2008 0.580 0.585 0.565 0.570
14,156,000
04 June 2008 0.595 0.595 0.580 0.580
14,530,000
03 June 2008 0.590 0.590 0.575 0.585
13,045,000
02 June 2008 0.615 0.615 0.585 0.585
32,310,000
30 May 2008 0.595 0.595 0.585 0.590
16,803,000


Fundamentals
Historial EPS ($) a
  0.03219
Rolling EPS ($) e
  0.03495
NAV ($) b
  0.2830
Historical PE
  17.707
Rolling PE f
 16.309
Price / NAV b
 2.014
Dividend ($) d
 0.007754
52 Weeks High
 1.450
Par Value ($)
  HKD 0.020
Dividend Yield (%) d
1.360
52 Weeks Low
 0.405
Market Cap (M)
  1447.800
Issued & Paid-up Shares c
  2,540,000,000
 
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 18/05/2008. 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

15 May 2008

China Hongxing Delivers Robust First Quarter Performance

15 May 2008

First Quarter Financial Statement And Dividend Announcement

25 Apr 2008

Resolutions Passed At Annual General Meeting

09 Apr 2008

Notice Of Annual General Meeting

02 Apr 2008

Notice Of Books Closure




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