16 June 2008      
 
WEEK'S TOP VOLUME
 Name
Volume '000 
Chasen
528,866
Oceanus
196,950
GoldenAgr
166,076
China Hongx
160,994
SingTel
130,733
Weekly movement as at 13 June 2008
WEEK'S TOP GAINER
 Name
Price  
Chg 
OCBCCap3.93%Pref10
99.000
+1.000
HSI25600MBLePW080627
1.090
+0.540
HSI26600MBLePW080730
1.500
+0.505
HSI 25800DBePW080630
1.160
+0.400
HSI25000BNPePW080828
1.220
+0.390
Weekly movement as at 13 June 2008

 
HEADLINES FOR THE WEEK
Xpress Holdings : Looks to make gains on global and regulatory pressures for China companies to make financial performance accessible to public via the publishing of annual reports.
TMC Educational Group : Partners Eresha Education Indonesia to offer international business and IT diploma.
Unisteel Technology : Accepts $785 million acquisition offer from KKR.
Jade Technologies  : Moves away from two oil trading contracts to focus efforts on its new core business of coal mining.
Chip Eng Seng Corporation : Subsidiary wins $123.5 million project from HDB to build five residential blocks in Sengkang.
Abterra : Exercises option to purchase Suntec Tower 1 office units.
Keppel Fels : Takes a repeat US$160 million order for a semi-submersible drilling tender from Seadrill Asia.
Chartered Semiconductor : Takes a stake in Taiwan-based Socle Technology Corporation which is in the system-on-chip design services business.
CWT : To sell 20 per cent stake in Cambridge Industrial Trust Management and 50 per cent stake in Cambridge Industrial Property Management to Oxley Group unit.
SIA : And Tiger Airways offer discount packages to travel hotspots like Shanghai, Bangkok, Perth and Ho Chi Minh City.

 

SGX : Implements new regulations to allow banks to apply for clearing membership without having to incorporate a separate company.
SNP Corp : Receives $208 million acquisition offer from Japan-based Toppan Printing.
SembCorp Industries :Bids for power/desalination project in Oman.
Manhattan Resources : Looks to acquire remaining 50 per cent stake in ASL Energy Pte Ltd worth S$34.87 million.
Sembcorp Industries :  Announces its inaugural plant to produce dry waste fuel from municipal waste to be ready by October 2008.
Keppel Corporation :Unit looks to take a 20 per cent stake in JV company Tianjin Eco-City Environmental Protection Co Ltd set up with 2 other Chinese firms.
Combine Will International Holdings : IPOs 88 million new shares at 23 cents per share.
Auston International Group Limited : Starts subsidiary Gamespark to tap into online gaming market.
Penguin International : Subsidiary buys 4 Anchor Handling Towing and Supply tugs worth $100 million.
CapitaLand : Clinches Singapore Environmental Achievement Award at envent organised by Singapore Environment Council.
ST Marine : Launches it inaugural roll-off roll-on transport ship named City of Hamburg.
Furama :Purchases 3 boutique hotels in Bangkok, Thailand worth $32.3 million.

 

Featured Listed Company

Kinergy Limited’s Future Expansion Plans

Kinergy Limited saw net profit for FY 2007 grow 26.4 per cent to $4.5 million due to an overall improvement in the company’s productivity, capacity, economies-of-scale as well as cost control management.

Thus, shareholders were rewarded with a final dividend of 1 cent per ordinary share (tax exempt one-tier) paid out on 21 May 2008.

The management sees the 2008 financial year to be challenging given the volatile markets in both the USA and Europe, a US economy that is seen to be sliding into recession as well as the appreciating Singapore dollar and PRC yuan against the US dollar which are likely to dampen demand for the company’s products.

However, with sound fundamentals, good management processes as well as its strategy to invest in human resources, technological enhancements to cope with increased demand for its new customer base, the company looks set to ride out the challenging operating environment for 2008.


Secret of Continued Success in Trading Business – Trader Psychology

By Jack Wong
Optionetics.com.sg

When this article is published, I had just returned from OASIS, an annual event organized by Optionetics in Santa Clara, US. It is definitely not easy to take a long haul flight from Singapore to the US. Jet lag is another challenge to me as currently Singapore is 15 hours ahead of Pacific Standard Time. Many of my Asian students complained about having OASIS in the US. I never made such a complaint even though it will take me one whole day to reach the US. Why? It’s because every time when I am going to the US, I am looking forward to it as the trip is somehow related to my trading business. Of course, whenever I talk about trading, I don’t feel exhausted at all. I can talk and talk until I lose my voice completely. You may ask why this is so. My straightforward answer to you is because I am a trader by profession, and I have successfully conditioned myself as a professional trader, and this is why I am so energetic whenever I am involved in my trading business.

Investor Relations Alert

Tat Seng Proposes Acquisition Of United Paper Industries Pte Ltd

Tat Seng Packaging Group Ltd announced that on 6 June 2008 the Company has entered into a conditional sale and purchase agreement (the S&P Agreement) with United Paper Industries Pte Ltd (the Vendor) for the acquisition of the business (Business), fixed assets and stocks of the Vendor (the Assets) (Proposed Acquisition).

The Company has incorporated a wholly-owned subsidiary, United Packaging Industries Pte Ltd (United Packaging), in Singapore with an issued and paid up share capital of S$1 each.

The principal activities of United Packaging are the manufacture and sale of corrugated paper products.

Tat Seng Packaging Group Ltd is one of Singapore's leading manufacturers of corrugated paper packaging products. With operations in Singapore, Suzhou and Hefei, China, we serve a wide range of industries. Our customers include Multi-National Corporations and local manufacturers in electronics and electrical industry, plastic and metal stamping industry, pharmaceutical and chemical industry as well as the printing, publishers and converting industry. Our key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products.

Global Voice Group Upgrades Fiber Optic Network In Düsseldorf And Offers Extreme Performance Services To Businesses

Global Voice Group announced that it has upgraded its fiber optic network in Düsseldorf (Germany) to meet the ever-increasing networking requirements within and beyond the borders of the state capital. Via this highly improved network, the company will supply a range of new on-demand and bespoke high performance services, such as pan-European datacenter and stock exchange connectivity, to enterprises, carriers and service providers.

Global Voice Group has pre-provisioned over a terabit of capacity throughout their Düsseldorf and pan-European network to enable extreme performance data services on demand. Düsseldorf’s businesses can now draw down instant connectivity between cities, bourses, datacenters or Internet exchanges with dedicated Ethernet (1GigE to 10GigE), Wavelengths (10G for customer bespoke applications) or IP (multi-homed to deliver true scalability and redundancy). One of the products which customers are now able to use is datacenter|nex; connecting hundreds of datacenters across Europe at a fixed price. Services are delivered either on demand for instant connectivity across Global Voice Group’s European infrastructure, or over dedicated fiber, which is built and managed exclusively for the customer.

cloud|nex enables Düsseldorf’s businesses to exploit the power of cloud computing, virtualisation, web-services or content delivery through on-demand 1 to 10Gig Ethernet or dedicated fiber between corporate locations and datacenters, core and edge hosting environments. Additionally, cloud|nex provides edge connectivity to the internet, wireless or corporate networks over a scalable, high performance IP network. cloud|nex is pre-provisioned in over 100 datacenters across Europe. With peer|nex, businesses in Düsseldorf can now connect to Internet Exchanges in London (LINX, Lonap), Paris (Panap, Sfinx), Frankfurt (DE-CIX), Dublin (Inex) and Amsterdam (AMS-IX, NL-ix). The solution is delivered on-demand for instant connectivity. Primarily interesting for financial institutions is trade|nex: on-demand Gig, 10GigE connectivity between all major European Stock Exchanges and clearing houses on a near zero-latency network for next generation automated and algorithmic trading.

Global Voice Group is Europe’s foremost provider of mission-critical, extreme performance and capacity data services. We serve large Corporations, Carriers and Service Providers door2door. All our services are delivered over our wholly owned billion pan-European all-fiber optic network. Our infrastructure 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 Group’s product set ranges from On-Demand Networking and Solutions to Bespoke Networking. We have pre-provisioned over a terabit of capacity throughout our network, meaning we can deliver solutions such as datacenter, internet exchange or stock exchange connectivity in hours, not months. Global Voice Group, traded as euNetworks in Europe, is headquartered in Frankfurt, publicly listed on the Singapore stock exchange (SGX: H23.SI). Global Voice Group is a member of euro-one, a unique collaboration to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America.

 

 

Raffles Education Sets Up 4 Wholly Owned Subsidiaries In British Virgin Islands

Raffles Education Corporation Limited (REC) is pleased to announce that Raffles Education China Limited, a wholly owned subsidiary of REC has set up 4 wholly owned subsidiaries in British Virgin Islands known as Raffles China College Group (BVI) Ltd, Tianjin Morgan Investment (BVI) Ltd, Value Vantage Investment (BVI) Ltd and Hefei Wanbo Investment (BVI) Ltd, with an issued share capital of US$1/- each respectively.

Listed on the Mainboard of the Singapore Exchange, RafflesEducationCorp is the largest private education group in Asia. Since establishing its first college in Singapore in 1990, the Group has grown to operate three universities and 19 colleges across nine countries in the Asia-Pacific region: Singapore, China, India, Vietnam, Malaysia, Thailand, Mongolia, Australia and New Zealand. The Group also owns the Oriental University City in Langfang, Hebei Province, China - a 3.31 million square metres self-contained campus. Within this campus, there are 19 colleges with 57,000 students.

Sino Environment Proposes Cash Settled Equity Swap Transaction

Sino Environment Technology Group Limited had, on 3 June 2008, entered into an Equity Swap for 36,856,000 notional Shares for a value of S$67,358,026 to facilitate the issue of the Bonds. The Equity Swap is inter-conditional with the issue of the Bonds.

Under the terms of the cash-settled Equity Swap, our Company’s shares are the underlying notional asset and the scheduled termination date of the swap is 8 July 2013. The payer of the swap is Morgan Stanley & Co. International Plc. and our Company is the receiver. Our Company entered into the Equity Swap to facilitate hedging by the Bond investors (the Investors), thereby broadening the investor base for the offering, increasing investor demand and contributing to the offering's success. We believe the Equity Swap increased the value ascribed by Investors to the equity option component of the Bonds by permitting the Investors to hedge their purchase of the Bonds, resulting in more attractive terms for the Company. Moreover, we believe the Equity Swap permitted this hedging without the initial short selling activity by convertible bond investors that is typically associated with the issuance of a convertible bond.

The Equity Swap is also expected to act as a dilution hedge for our Company in the event that the Investors elect to convert the Bonds, as the profit made by the Company under the Equity Swap in such event would offset, either in part or in full, the dilutive impact of new shares issued upon conversion of the Bonds. Since the Equity Swap is cash-settled, there will not be any shares actually issued or received by our Company pursuant to the Equity Swap. As such, there will not be any impact on the issued share capital or the shareholdings of the shareholders of the Company.

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:

  1. Industrial waste gas treatment, management and recovery of volatile organic compounds ("VOC"), in particular toluene
  2. Dust elimination
  3. 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)
  4. Industrial waste water treatment and management

 

CEO's Walk The Talk

“…The vertical integration into the optical disc business enables the Group to pair up our strength in R&D and process know-how, with the extensive distribution channels and customer contacts of our acquisitions. Riding on the upswing in global demand for recordable discs, we will continue to scale up the production capacity to further maximise the Group’s profit through economies of scale and leverage on the synergistic capabilities of the integrated platform. This excellent strategic fit will enable the Group to further strengthen our competitiveness in the global optical disc industry.”



Franky Fan
Executive Chairman and CEO
Anwell Technologies Limited



Singapore's Most Promising Company Profile

China Taisan Technology Group Holdings Limited (China Taisan) is one of the leading manufacturers in the PRC of knitted fabrics used for sports and leisure apparel. Knitted fabrics are stretchable and mostly used in sports and leisure apparel.

We are strategically located in Jinjiang City, which is the largest production base in the PRC for sports apparel and it has been positioned by the General Administration of Sports of China to be the Sports Hub of the PRC.

Our products comprise performance fabrics and normal fabrics and are sold under our "Lianjie" brand. We also provide fabric processing services to our customers, which include dyeing and finishing.

We are one of the approved suppliers of fabrics used in the manufacturing of apparel for reputable international and local sports and leisure apparel brands such as Umbro, Nike, Puma, Anta, Kappa, Lotto, Wanjielong and E•Land. We also supply fabrics used in the manufacturing of apparel for brands such as Adidas, Reebok, FILA, Mizuno, Diadora, Bossini, Giordano, Erima, Li-Ning, Qiaodan, 361º, Septwolves, Lilang and K-boxing.

In January 2007, the Fujian Textile Industry Association awarded us for our outstanding contribution to the development and introduction of performance fabrics in Fujian Province. In July 2007, the same organisation ranked us as one of the top three manufacturers of performance fabrics in terms of production output in Fujian Province for the first half of 2007.


 

 































 

Historical Price Data
 Date Open High Low Close
Volume  
12 June 2008 0.230 0.265 0.230 0.260
41,860,000
11 June 2008 0.210 0.240 0.210 0.240
22,204,000
10 June 2008 0.225 0.225 0.210 0.210
7,005,000
09 June 2008 0.225 0.225 0.215 0.220
16,891,00
06 June 2008 0.240 0.250 0.235 0.235
70,932,000


Fundamentals
Historial EPS ($) a
  0.05130
Rolling EPS ($) e
  -
NAV ($) b
  0.1075
Historical PE
  4.971
Rolling PE f
 -
Price / NAV b
 2.372
Dividend ($) d
 -
52 Weeks High
 0.265
Par Value ($)
  n.a.
Dividend Yield (%) d
-
52 Weeks Low
 0.210
Market Cap (M)
  236.614
Issued & Paid-up Shares c
  927,900,000
 
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 04/06/2008. 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

09 Jun 2008

Date Of Release Of FY2008 First Quarter Financial Results Announcement

05 Jun 2008

China Taisan Technology Group Holdings Limited ("ChinaTaisan") - Admission Of 927,900,000 Shares To The Official List Of SGX-ST

05 Jun 2008

China Taisan's Listing on Singapore Exchange Mainboard

05 Jun 2008

China Taisan Technology Group Holdings Limited - IPO Balloting Results

05 Jun 2008

China Taisan's Listing On Singapore Exchange Mainboard




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