14 July 2008      
 
WEEK'S TOP VOLUME
 Name
Volume '000 
GlobalVoice
253,524
Li Heng
182,835
China Hongx
165,549
GoldenAgr
158,127
HSI22400MBLeCW080828
153,693
Weekly movement as at 11 July 2008
WEEK'S TOP GAINER
 Name
Price  
Chg 
OCBCCap3.93%Pref10
100.500
+1.700
Lyxor China H 10US$
15.900
+1.280
GLD 10US$
93.400
+1.200
S I A
14.840
+0.740
S I A 200
14.820
+0.660
Weekly movement as at 11 July 2008

 
HEADLINES FOR THE WEEK
Singapore Exchange : Partners SPH and FTSE launch index that tracks highly liquid S-shares.
First Resources : Looks to invest US$500 million over 5 years to boost production levels and acquire more plantation land.
SembCorp Industries : Picked as one of three candidates to build and operate power desalination plant in Salah, South Oman worth US$1 billion.
Keppel Fels : Secures a US$405 million DSS38 submersible rig project from Scorpion Offshore.
Albedo Ltd : To enter $400 million RTO deal and make the switch from steel trading to healthcare as its core business.
Showy International : Looks to purchase Hong Kong-based Fortune Court Holdings for $545.4 million.
Islamic Bank of Asia : Launches 2 risk management products for companies.
Benefun International Holdings : Looks to enter PRC plantation business via an RTO of Ample Rich Enterprises worth HK$500 million.
Frasers Centrepoint : Looks to buy a 17.7 per cent stake in Allco Commercial Reit and the whole of Allco Singapore for a total of $180 million.
Dayen Environmental : Executive Chairman John Lee sells company shares to meet obligations from a financial institution.

 

Stratech Systems :Appoints SITA as the international reseller for its runway surveillance and foreign object and debris detection system the iFerret.
SembCorp Marine : Subsidiary PPL Shipyard launched a Baker Marine Pacific Class 375 jack up rig christened Hakuryu-10 for Japan Drilling.
Heng Long International : Sees IPO shares fully subscribed.
Singapore Post :Decides put its HQ building next to Paya Lebar MRT up for sale for an asking price of $850 million.
Comfort DelGro : Australian subsidiary inks MOU to purchase Australia-based Custom Coaches.
Peace Mark : Gets go ahead to take Sincere Watch private with recent acquisition.
Guocoland :Halts acquisition plans for a 5.3 hectare site in Ho Chi Minh City, Vietnam.
Dayen Environmental : Exec Chairman stops share transfer with Diversified Energy and Resource Corporation.
SGX : Proposes requiring companies who want to change their main business line to seek the approval of investors and minority shareholders.
China Sunsine Chemical Holdings : Finishes with construction of anti-oxidant worship with a capacity of 5,000 tonnes.
SembCorp Marine : Clinches a dredging, environmental and marine engineering project worth $100 million.


 

Q&A Highlights

Dear readers,

We would like to highlight Qian Hu Corporation Limited’s HY2008 Financial Results Audiocast (21 July 2008). To register to Qian Hu's HY2008 Financial Results Audiocast Briefing, please click here.

Best Regards,

SI Team



Trading psychology – trading personality

By Jack Wong
Optionetics.com.sg

This week, I am talking about trading personality. Some of you have full-time jobs that require you to work say 50 to 60 hours a week. Some of you may even have part-time jobs in addition to your full-time job. Thanks to the ever-rising cost of living in Singapore.
My Interview with Bok - more..

Investor Relations Alert

China Fishery Expands Peruvian Fishing Fleet Ahead Of Fishing System Change

China Fishery Group Limited (China Fishery) announced its latest acquisition in Peru, which will add 3 vessels to its purse seine fishing fleet. China Fishery is paying US$11.7 million to acquire fishing company Pesquera Mistral S.A.C. (“the Acquisition”), a transaction which will give the Group 3 purse seine fishing vessels with a combined fish hold capacity of 550 m3. This brings China Fishery’s fleet size in Peru to 37 vessels, and aggregate fish hold capacity to 9,945 m3 or 5.6% of the Peruvian industry total. The Group plans to finance the Acquisition through a combination of internal resources and bank borrowings.

Since establishing operations in Peru in May 2006, China Fishery has maintained an active lookout for acquisitive opportunities to increase its access to fishery resources in the country, which is the world’s largest wild-catch fishery. To this end, Management has consolidated more than ten small-scale local fishing companies in order to boost the Group’s aggregate fishing capacity in Peru. Presently, China Fishery stands as one of Peru’s largest fishing and fishmeal processing operators.

The latest purchase is executed just as Peru is announcing a change to its fishing system from an “Olympic” system to the Individual Transferable Quota (ITQ) system, which is targeted at enhancing the competitiveness of the Peruvian fishing industry. Under the new fishing system, fishing companies currently holding valid licensed fishing vessels in Peru are entitled to a share of fishing quotas, which will be determined by the government at a later stage. The implementation timeline for the new ITQ system will be announced subsequently.

China Fishery Group Limited (China Fishery) is a global, integrated industrial fishing company with governmental rights to fish in some of the world's most important fishing grounds. Employing state-of-the-art supertrawlers, China Fishery harvests, onboard processes and delivers high quality catch to consumers the world over. In 2006, China Fishery also established fishmeal processing operations in Peru, where it has fishmeal processing plants and purse seine fishing vessels deployed strategically along Peru's coastal areas. Riding on an ever-growing global demand for fish, China Fishery is committed to continually securing access to this limited and valuable marine resource, and fulfilling consumer needs through sustainable fishing practices.

Boustead Subsidiary Awarded S$37M Contract To Design-And-Build Singapore Aero Engine Services Facility

Boustead Singapore Limited (Boustead) announced that its 91.7 per cent-owned subsidiary, Boustead Projects Pte Ltd (Boustead Projects) – a leading specialist in industrial real estate solutions – has been awarded a S$37 million contract to design-and-build an aircraft engine maintenance, repair and overhaul facility (the MRO Facility) for Singapore Aero Engine Services Pte Ltd (SAESL).

SAESL is a S$200 million tripartite joint venture between SIA Engineering Company, Rolls-Royce and Hong Kong Aero Engine Services Limited. SAESL commenced operations in 2001 and is an authorised Rolls-Royce maintenance, repair and overhaul shop for the complete line of Trent engines including the Trent 800 and Trent 900 Series Engines used by the Boeing 777 and Airbus 380, respectively. Two of the world’s top airlines, Singapore Airlines and Emirates, are counted among SAESL’s key clients.

With a gross floor area of 13,180 square metres, the MRO Facility will be constructed alongside SAESL’s existing 18,500 square metre facility which is adjacent to Singapore’s Changi International Airport. The MRO Facility has been designed to incorporate a specially-controlled environment and will significantly expand SAESL’s current turnaround capacity of 200 Trent engines per annum. The expected completion is in the third quarter of 2009.

Established in 1828, Boustead Singapore Limited is a progressive global Infrastructure-Related Engineering Services and Geo-Spatial Technology Group listed on the Singapore Exchange. Focusing on the engineering and development of key infrastructure supporting economic growth in the public and private sectors of developing nations, our strong suite of Engineering Services comprises:

  • Energy-Related Engineering;
  • Oil & Gas/Petrochemicals;
  • Solid Waste Energy Recovery;
  • Water & Wastewater Engineering;
  • Real Estate Solutions;
  • Industrial Real Estate Solutions; and
  • New Township.

Under our Geo-Spatial Technology arm, we provide professional services and exclusively distribute ESRI geospatial technology – the world’s leading geographic information systems and location intelligence solutions – to major markets across Australia and South East Asia. Our location intelligence solutions are essential to effectively plan, deploy and manage key infrastructure and resources in countries. With a vast global network stretching across Asia, Australia, Europe, Africa and the Americas, Boustead is ready to serve the world. To date, Boustead has undertaken infrastructure-related projects in 75 countries globally.

Advanced Holdings Incorporates Subsidiaries In Singapore

Advanced Holdings Ltd. (the Company) announced that the Company has incorporated two wholly-owned subsidiaries Advanced Green Energy Pte. Ltd. (AGE) and Advanced Clean Technologies Pte. Ltd. (ACT) in Singapore. The principal activities of AGE are investment holdings while ACT are that of providing carbon sequestration technologies and equipment for turnkey, engineering-procurement-construction and operation & maintenance services.

Each of AGE and ACT has an issued and paid-up share capital of S$2/- divided into 2 ordinary shares. The investments will be funded through the Company's internal resources.

Started in 1993 to create a niche business by combining its engineering expertise in the supply of process equipment, Advanced Holdings Ltd. (Advanced) has today established itself as a specialist company which designs and supplies process equipment to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. Some of our major customers include China Petrochemical International Co., Ltd., CNCCC International Tendering Co., Ltd., China Petroleum Material and Equipment (Group) Corporation, Chinaoil Dalian International Trading Co., Ltd., Shanghai Coking & Chemical Co., Ltd., China Perfect Machinery Industry Corp., Ltd.

Olam International To Acquire 24.99% In Dairy Trust Limited For NZ$101.05M

Olam International Limited (Olam), announced that it will invest and acquire 24.99 per cent equity interest in Dairy Trust Limited (DTL), which is poised to become New Zealand’s second largest dairy processing company, for a total investment of NZ$101.05 million (approximately US$76.8 million).

Concurrently, DTL has announced its intention to make an open offer for the remaining shares of Open Country Cheese Company Limited (OCC) which it does not already own. Olam has entered into a pre-bid agreement to sell its entire 19.9 per cent equity interest in OCC, which it acquired from the open market in June 2007, to DTL under this offer. The total investment of NZ$101.05 million takes into account Olam’s disposal of all its shares in OCC.

In parallel, Olam will enter into a long term marketing agreement for an escalating percentage of DTL’s production volumes. As a cornerstone and second largest shareholder in DTL, Olam will be entitled to two seats on DTL’s board. DTL has also invited Olam to play an active role in the formulation of sales and marketing policies as well as risk management framework and policies. Olam shall have the ability to depute or second executives to DTL for mutually agreed management roles.

Olam is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 16 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, 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 a component stock in the Straits Times Index (STI), MSCI Singapore Free and DAXglobal Agribusiness Index.

Samudera Introduces New Chittagong Haldia Express

Samudera Shipping Line Ltd is enhancing its Indian Subcontinent coverage with the introduction of a new feeder service called the Chittagong Haldia Express (CHX). The new service will ply the Singapore - Chittagong - Haldia route and will provide round trips fortnightly between the three ports.

Using one dedicated vessel with a capacity of 1,100 TEU, the CHX will complement Samudera’s two other existing service routes, that of the Chittagong Express (CGX) and the Calcutta Haldia Express (CALEX). The Group also currently serves other ports of the Indian Subcontinent, such as Tuticorin and Chennai.

According to port authorities, the Chittagong port handled 435,157 TEU, nearly 15 per cent more containers during the first five months of 2008, compared to the same period a year ago. This volume growth was largely due to a strong demand supported by the deployment of more efficient port equipment. CHX is scheduled to depart on its maiden voyage from Singapore on 10 July 2008.

Samudera Shipping Line Ltd. offers efficient and reliable container shipping services in the Middle East, Indian Sub-continent, South and West Africa, South East Asia, Indo-China and the Far East markets. The container shipping business of the Company can be traced back to 1988 when its parent company started a feeder service between Jakarta and Singapore. From that humble beginning, Samudera has since developed an extensive network of container shipping services, with offices currently based in Dubai, Mumbai, Kolkata, Chennai, Bangkok, Ho Chi Minh, Kuala Lumpur, Jakarta, Shanghai, and Singapore. In addition to container shipping, the Group is also engaged in industrial shipping for the transportation of bulk cargo – both liquid and dry. Samudera was listed on the Singapore Exchange in October 1997, and has thus far established for itself a well-respected and well-recognized brand name.

Sino-Env Wins Tender For First Phase Of A RMB300 Million deSox Project In Xinjiang

Sino-Environment Technology Group Limited (Sino-Env) announced that the Group has successfully bid for and won the tender for a desulphurization (deSox) project (the Project) with Xinjiang Tianshan Power Co., Ltd.

The Project is for the retrofitting of the Manasi 6 x 100MW capacity power plant in Urumuqi, Xinjiang. Construction is scheduled to commence construction in early 2009 after the winter months. The contract amount is estimated to be a minimum of RMB120 million which will be finalized upon the completion of technical evaluations. This tender is for the first of two phases for desox of the Manasi power plant with a total value of approximately RMB300million.

Sino-Env has also submitted a bid for the second phase which is for 2 x 300 MW capacity power plant. The Group is optimistic that our bid will be successful. Revenue from this contract will be recognized over the contract period in accordance with the Group’s revenue recognition policy, which is based on the percentage of completion method. The period of the Project is expected to be approximately 12 months.

Sino-Environment Technology Group Limited (Sino-Env) and its subsidiaries (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

Noble Netherlands And HES Beheer Have Agreed A 50/50 Joint-Venture In Maas Silo B.V.

Noble Netherlands B.V. (Noble), a subsidiary of global supply chain manager Noble Group Limited and H.E.S. Beheer N.V. (HES) have agreed with Fluvia Holding B.V. and De Jong Holding Group B.V. to acquire the shares they each hold in Maas Silo B.V. (Maas Silo). Noble and HES will each hold 50 per cent of Maas Silo and have agreed the terms of a joint venture to operate Mass Silo going forwards. Noble’s investment in Maas Silo is 8 million euros.

Maas Silo was formed in 1999 by four Rotterdam companies, including HES and is now a fully-certified storage and transshipment company for grains and derivatives in the Rotterdam Botlek area, with facilities to process these raw materials. In addition to agribulk products, Maas Silo can store and transship edible and industrial oils.

Plans are being developed for an expansion of existing activities in tank storage together with entry into the market for stevedoring of mineral oils and chemicals. The location in the Botlek area, with a 420 metre deep water unloading pier (13.6 metres draft) is ideally suited for handling liquid bulk products by ship, inland shipping tankers, tank trucks or tank containers.

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.

Avi-Tech Incorporates New Wholly-Owned Subsidiary

Avi-Tech Electronics Limited (the Company) announced that the Company has recently incorporated a new wholly-owned subsidiary, "Avi-Tech (U.S.A) Inc." in the United States of America.

Avi-Tech (U.S.A) Inc has an initial paid-up capital of US$1,000. The principal activities of Avi-Tech (U.S.A) Inc. are that of Marketing and Business Development.

The incorporation of the above subsidiary is funded by internal resources and is not expected to have any material impact on the net earnings per share or net tangible assets per share of the Company for the year ended 30th June 2008.

Incorporated in 1981 in Singapore, Avi-Tech Electronics has since become a leading ‘one-stop’ total Burn-In solutions provider to the semi-conductor industry in the region. The semiconductor industry produces a broad range of semiconductor products used in electronic devices that we encounter in our everyday lives such as in automotive products and microprocessors used in desktops, notebooks and industrial electronics. To satisfy consumers’ increasing demand for trendy design, product variety and reliable performance, manufacturers are required to dramatically shorten manufacturing cycle times and rely more on testing and Burn-In functions to ensure quality and reliability of their products. Hence, effective testing and Burn-In functions are an important stage in a semiconductor manufacturing process to ensure fail-safe performance.

TT International Enters US$33 million Syndicated Loan Facility

TT International Limited (the Company) announced that the Company has entered into a US$33 million syndicated facility agreement (the Facility Agreement) jointly arranged by BNP Paribas, Singapore Branch, Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (trading as Rabobank International) Singapore Branch, DBS Bank Ltd., KBC Bank N.V., Singapore Branch and Oversea-Chinese Banking Corporation Limited. The facility granted under the Facility Agreement will be for a period of one year.

The proceeds arising from such facility will be used for the partial repayment of the Company’s outstanding borrowings of US$35 million in principal amount of term loan and revolving credit facility.

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.

Esmart Enters Memorandum Of Understanding

Esmart Holdings Limited has entered into a memorandum of understanding with Tian Investments Group Limited (TIGL) in connection with the proposed acquisition by the Company of the entire issued share capital of Tian Biogreen Resources Limited (TBRL) (Proposed Acquisition).

TBRL is a company incorporated in the British Virgin Islands. It is a wholly-owned subsidiary of TIGL, the holding company of the Tian Investments Group. TBRL focuses on the commercialisation of pine timber products in China as well as the commercialisation of jatropha products in Indonesia. TIGL is involved in five core businesses, namely (1) mineral, oil and gas, (2) agro-technology, (3) financial services, (4) bio-medical and (5) hospitality and infrastructure. Its business activities span into Singapore, China, Hong Kong, Indonesia and the United States of America. A subsidiary member of TIGL, China Agro-Technology Holdings Ltd, is listed in US NASDAQ OTC BB.

It is contemplated that the consideration payable for the Proposed Acquisition shall be in the form of new ordinary shares issued by the Company (Consideration Shares) and upon the issue of the Consideration Shares in full, such Consideration Shares shall represent an interest in excess of 90 per cent of the total issued and enlarged share capital of the Company. The Proposed Acquisition will be a very substantial acquisition / reverse take-over of the Company under the Listing Manual of the Singapore Exchange Securities Trading Limited (SGX-ST), which is subject to the approval of the shareholders of the Company and other regulatory approvals. The Proposed Acquisition will also be subject to the satisfaction or waiver of various conditions precedent. Under the MOU, the Parties will use their best endeavours to work towards entering into a definitive and legally binding agreement by 5 October 2008. If the Parties are unable to enter into a definitive and legally binding agreement for the Proposed Acquisition within the above stipulated period, the MOU shall lapse and be void. The Company will appoint a full sponsor authorised by the SGX-ST, to act as financial adviser to the Company on the Proposed Acquisition and to be its continuing sponsor to transit the Company to become a Catalist (Sponsored) company in accordance with the requirements under the SGX-ST Listing Manual Section B: Rules of Catalist. At this stage, shareholders should be cautioned that there is no assurance that the proposed transactions as contemplated under the MOU will actually occur as the MOU is non-legally binding with respect to the terms of the Proposed Acquisition.

Esmart focuses on designing and supplying intermediate products for the following segments of the electronics industry, namely: Multimedia Infotainment, Data Communications, Wireless Applications and Digital Video Services And Systems. Esmart designs and supplies solutions ranging from designing the entire subsystems of electronic products: hardware design, firmware development, and PCB layout design to supplying the main active devices, chipsets and other electronic components.

China Zaino To Participate In DBS Vickers 'Pulse Of Asia' Conference 2008

China Zaino International Ltd (China Zaino), the No.1 backpack company in People’s Republic of China (PRC), is participating in the three-day ‘Pulse of Asia’ Conference 2008 organized by DBS Vickers starting from 8 – 10 July. 2008.

The conference will take place at Fullerton Hotel, where about 150 fund management houses will be participating in the conference.

China Zaino will do a series of one-on-one meetings and group presentations about the Group’s operations, growth strategies and latest developments.

Established in 1995, China Zaino is the No. 1 backpack company in China. The Group designs, develops, manufactures and sells backpacks and luggage under its DAPAI brand. DAPAI was named “2006 Top 12 Bag Brands in China” by the China Leather Industry Association and “Top 500 Asia Valuable Brand Award” by the Supervision and Management Centre of Asia International Brand Certification in 2007. China Zaino’s products are sold through distributors in over 3,150 concessionary outlets across 26 provinces, autonomous regions and municipalities in China. China Zaino’s products are manufactured in Quanzhou City, Fujian province, PRC.

 

 

Sihuan's Subsidiary Appointed Sole Distributor For High-Quality Nutritional Drug

Sihuan Pharmaceutical Holdings Group Ltd. (Sihuan) announced that wholly-owned Shenzhen Sihuan Pharmaceutical Co. Ltd. (Shenzhen Sihuan) has secured the exclusive rights to distribute a high-quality amino acid injection in the PRC for a period of five years.

Named Luoanming, the nutritional drug is used to enhance the recovery of patients after injury or surgery. Currently, there are no similar products whose raw materials are sourced from overseas.

The Group acquired Shenzhen Sihuan in October 2007 for RMB60 million. This company is engaged in the marketing and distribution of own-brand and third-party pharmaceutical products in the PRC, through a network of 29 sales offices and 1,067 distributors.

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.

Boustead Subsidiary Awarded S$67M Contract To Design-And-Build Semiconductor Equipment Manufacturing Facility

Boustead Singapore Limited (Boustead) announced that its 91.7 per cent-owned subsidiary, Boustead Projects Pte Ltd (Boustead Projects) has been awarded a S$67 million contract to design-and-build an integrated semiconductor equipment manufacturing, warehouse and office facility (the Facility) for a global Fortune 500 Company (the Client).

With a gross floor area of 32,000 square metres over five floors, the Facility will play a key role in the Client’s expansion of its global semiconductor equipment manufacturing business. The Facility is expected to be completed in 3Q 2009 on Boustead Projects’ fast-track programme.

Incorporating the latest features in energy and water efficiency, and environmental quality and sustainability, the Facility’s design allows for the future installation of a solar energy harvesting system. An integrated photovoltaic system generating approximately 300 kWp has been proposed for the Facility. The Facility aims to achieve the Green Mark Platinum Award, which will be the first of its kind in the heavy industry category. Under the BCA Green Mark Scheme, the Green Mark Platinum Award is the highest award for environmental sustainability in buildings. The above contract is expected to have a positive material impact on the profitability and earnings per share of the Company in the current financial year ending 31 March 2009.

Established in 1828, Boustead Singapore Limited is a progressive global Infrastructure-Related Engineering Services and Geo-Spatial Technology Group listed on the Singapore Exchange. Focusing on the engineering and development of key infrastructure supporting economic growth in the public and private sectors of developing nations, our strong suite of Engineering Services comprises:

  • Energy-Related Engineering;
  • Oil & Gas/Petrochemicals;
  • Solid Waste Energy Recovery;
  • Water & Wastewater Engineering;
  • Real Estate Solutions;
  • Industrial Real Estate Solutions; and
  • New Township.

Under our Geo-Spatial Technology arm, we provide professional services and exclusively distribute ESRI geospatial technology – the world’s leading geographic information systems and location intelligence solutions – to major markets across Australia and South East Asia. Our location intelligence solutions are essential to effectively plan, deploy and manage key infrastructure and resources in countries.

Boustead Incorporates Subsidiaries In Singapore

Boustead Singapore Limited (the Company) announced that the Company has incorporated two wholly owned subsidiaries, Salcon Utilities Pte. Ltd. (Salcon Utilities) and Salcon Water Solutions Pte. Ltd. (Salcon Water Solutions) in Singapore.

The principal activities of Salcon Utilities are those of providing engineering services which involve the design, construction, operation and maintenance of utilities plants in municipal water, sewage, electricity and telecommunications while Salcon Water Solutions are those of design, engineering, construction and commissioning of water and waste water treatment systems for various industrial plants.

The initial paid up capital of both Salcon Utilities and Salcon Water Solutions is S$2. The incorporations of Salcon Utilities and Salcon Water Solutions are not expected to have any material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31 March 2009.

Established in 1828, Boustead Singapore Limited is a progressive global Infrastructure-Related Engineering Services and Geo-Spatial Technology Group listed on the Singapore Exchange. Focusing on the engineering and development of key infrastructure supporting economic growth in the public and private sectors of developing nations, our strong suite of Engineering Services comprises:

  • Energy-Related Engineering;
  • Oil & Gas/Petrochemicals;
  • Solid Waste Energy Recovery;
  • Water & Wastewater Engineering;
  • Real Estate Solutions;
  • Industrial Real Estate Solutions; and
  • New Township.

Under our Geo-Spatial Technology arm, we provide professional services and exclusively distribute ESRI geospatial technology – the world’s leading geographic information systems and location intelligence solutions – to major markets across Australia and South East Asia. Our location intelligence solutions are essential to effectively plan, deploy and manage key infrastructure and resources in countries.

Sunshine To Dispose Of Two Subsidiaries For Cash Totalling RMB53.36 Million

Sunshine Holdings Limited (the Company) announced that the Company has, through its wholly-owned subsidiary, Anyang Huilong Real Estate Co., Ltd (Anyang Huilong), entered into an agreement to dispose its 80 per cent equity interest in Henan Xin Shi Jia Real Estate Co., Ltd (Henan Xin Shi Jia or XSJ), which has a 80 per cent interest in Zhengzhou Xin Shi Jia Property Management Co., Ltd (XSJ Property Management) and interests in various commercial and residential property units, including garages, of International Commercial City Retail Mall, Western Modern City and Jinshejiayuan, to a third party for a total cash consideration of RMB53.36 million (the Sale Consideration or the Disposal).

The Disposal is conducted as part of the ordinary business of the Company and its subsidiaries (the Group). After netting off the investment cost, the Disposal is expected to result in a post-tax disposal gain of about RMB26.54 million. This gain is however subject to any adjustments which the Company’s auditors may make in compliance with the accounting standards.

This Sale Consideration for the Disposal was arrived at on a willing-buyer, willing-seller basis, after taking into account valuation carried out by Henan Jiuding Assets Evaluation Co. Ltd, an independent valuer. The net proceeds from the Disposal are expected to be utilized by the Group to accelerate the development of its projects under construction.

Based in the Henan Province of the PRC, we are an award-winning cluster estate developer as well as developer of mass residential and commercial properties in selected key cities which are at the budding stage of development with strong urbanization and resettlement potential. Sunshine Holdings' focused approach since our establishment in 1999 has enabled us to accumulate market expertise and build a strong reputation in our operating cities, enabling the brand name of our property development – Huilong – to be associated with quality developments. Over a span of six years, we have built an impressive track record in developing an aggregate gross floor area of more than 380,000 sq.m (equivalent to the size of more than 75 football fields) – comprising six property developments as of 30 June 2005.

Swiber Incorporates New Subsidiary Company - Kreuz Subsea Pte. Ltd.

Swiber Holdings Ltd (the Company) announced that Kreuz International Pte. Ltd. (KI), a wholly-owned subsidiary of the Company, has incorporated a new subsidiary known as “Kreuz Subsea Pte. Ltd.” (Subsidiary) in Singapore with the initial issued share capital of US$100,000.00. KI holds 70 per cent equity interest in the share capital of the Subsidiary.

The principle activity of the Subsidiary is to engage in subsea services.

The investment in the Subsidiary is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company and its Group for the current financial year ending 31 December 2008.

Established in 1996, Swiber is today an integrated offshore Engineering, Procurement, Construction, Installation and Commission ("EPCIC") contractor with supporting in-house offshore marine capabilities.

  • Offshore EPCIC Services: Leveraging on our strong engineering capabilities, we provide a full suite of EPCIC services which can be customized according to project requirements.
  • Offshore Marine Support Services: We charter support vessels, including logistics support, to customers both on a time charter and bareboat charter basis. As at 17 September 2006, we have a fleet of nine operating vessels, comprising five tug boats and four barges.

Banyan Tree Acquires New Associated Company

Banyan Tree Holdings Limited announced that its wholly-owned subsidiary, Banyan Tree Hotels & Resorts Pte. Ltd, had through its wholly-owned subsidiary, Hotelspa Pte. Ltd., acquired a 20 per cent equity interest in Lotes 3 Servicios, S.A. de C.V. (Lotes) for a total cash consideration of Mexican Pesos (Pesos) 10,000 (approximately US$965). Lotes, which is incorporated in Mexico, has an authorised and paid-up capital of Pesos 50,000 (approximately US$4,825).

The principal activity of Lotes is to provide business management and services.

Banyan Tree Holdings Limited (“Banyan Tree” or the “Group”) is a leading manager and developer of premium resorts, hotels and spas in the Asia Pacific, with 23 resorts and hotels, 65 spas, 65 retail galleries, and two golf courses. The Group manages and/or has ownership interests in niche resorts and hotels. The resorts each typically has between 50 and 100 rooms and commands room rates at the high end of each property’s particular market. Banyan Tree has seven operating business segments: hotel investment, hotel residence sales, hotel management, spa operations, gallery operations, property sales, design fees and others (design and project management, golf course operations and other businesses). The Group’s primary business is the management, development and ownership of resorts and hotels. This is centered on two award-winning brands: Banyan Tree and Angsana. Banyan Tree also operates the leading integrated resort in Thailand – Laguna Phuket, through the Group’s subsidiary, Laguna Resorts & Hotels Public Company Limited.

China Precision Technology Acquires Remaining 20% Equity Interest And Increase Of Registered Capital In Dongguan Xingbo Precision Mould Co., Ltd

China Precision Technology Limited (the Company) announced that the Company has entered into an agreement with Bright Precision (Hong Kong) Ltd (Bright Precision) to acquire the remaining 20 per cent equity interest held by Bright Precision in Dongguan Xingbo Precision Mould Co., Ltd (Dongguan Xingbo) at a consideration of US$70,000 (the Acquisition). In addition, the Company has contributed the outstanding registered capital of US$220,000 in Dongguan Xingbo and increased its registered capital from US$1.45 million to US$1.5 million (collectively referred to as the Transactions).

Dongguan Xingbo was incorporated in Dongguan City, Guangdong Province, People’s Republic of China. Its principle activities include the production and sales of precision moulds for the office automation equipment and automotive sectors.

After the Transactions, Dongguan Xingbo became a wholly-owned subsidiary of the Company. The consideration for the Acquisition was determined on a willing buyer and willing seller basis and arrived at after arm’s length negotiations between the Company and Bright Precision. The Transactions were funded entirely through internal sources.

China Precision Technology Limited was established on 17 May 2004 as China Precision Technology Pte Limited and was converted into a public company on 28 July 2005 and assumed the present name. We are an integrated manufacturing services provider for the consumer electronics, office automation equipment, telecommunication and automotive industries.

AusGroup Secures A$42.8 Million Contract

AusGroup Limited (AGL) announced that it had been awarded a contract by Apache Energy Limited, on behalf of the ‘WA 209-P Joint Venture’, valued at A$42.8 million for the fabrication of the Reindeer Gas Field wellhead platform as part of the Reindeer offshore gas development project.

The scope of work includes the procurement, supply, fabrication, testing, assembly and loading-out of the ‘Reindeer’ Wellhead Platform (WHP). The WHP consists of a fully integrated topside, jackets, piles, load-out barge skid rails and also buoyancy tanks.

The contract valued of A$42.8 million is mainly for the fabrication, re-measurement at fixed unit rates for weight growth and it also includes a mechanism for labour escalation. The material prcurement, load-out and hook up would be on a cost reimbursable basis. The Group is to commence operations on the project immediately and the expected completion is towards the end of the year 2009.

The Ausclad Group of Companies supplies total engineering solutions including fabrication, structural & mechanical installation and maintenance across a variety of industries. With diversity our primary strength in a highly competitive and ever changing commercial environment, we pride ourselves on a track record of excellence - consistently completing projects to time-frames, and to budget, no matter the scope or demands.

DMX Selects Qualys to Enhance Managed Security Service Capabilities

DMX Technologies Group Limited (DMX or the Group) announced that it is enhancing its managed security service (MSS) capabilities by adding a suite of on-demand IT security risk and compliance solutions from Qualys Inc. (Qualys), thereby stepping up its penetration into the rapidly expanding Asian IT security market.

Headquartered in California, Qualys is a leading security company which provides on demand security risk and compliance management solutions and distinguishes itself as the only security company to deliver these solutions through a single-software-as-a service (SaaS) platform, QualysGuard®.

Built as an open and highly scalable security platform, QualysGuard®,enables DMX to easily broaden its managed security services offerings under its MSS brand, Vantage. Hence through this latest development, in addition to proactive security devices management, security performance management and monitoring, the added services offerings by Vantage have expanded into security scanning and analysis.

DMX Technologies is a leading information technology enabler and provider of a wide range of digital media software and solutions. The Group specialises in providing integrated IT solutions to enable telecom operators, cable TV operators, mobile operators, media corporations and enterprises to deliver enhanced services to their end-users. Its solutions range from providing service operators and enterprises with network security, network management and optimisation, to providing systems that enable digital media services. The Group owns a suite of proprietary multimedia software, which provides a platform for the delivery of enhanced TV and interactive value-added services over broadband, cable, mobile or other network media. Established in 1999 and listed on the Singapore Stock Exchange, DMX has built an extensive regional network of offices in Asia, including Greater China, Indonesia, Korea, Malaysia and Singapore.

Magnus Energy Lists Subsidiary APAC Coal Limited On The Official List Of ASX Limited

Magnus Energy Group Ltd. (Magnus) wish to announce that its wholly-owned subsidiary, Apac Coal Limited (APAC) was listed on the Official List of Australian Stock Exchange Limited (ASX) on 10 July 2008.

The initial public offering (IPO) of APAC closed last week with the minimum subscription level of A$7 million. A total of 35,727,000 ordinary shares have been issued at 20 cents to new shareholders taking the total number of issued shares to 249,705,637. The proceeds raised from the IPO will be used predominantly to fund the development of APAC’s coal assets in Indonesia and to provide it with working capital.

Based on the subscription of 35,727,000 ordinary shares in APAC, the listing of APAC would dilute Magnus’s equity interest in APAC to approximately 55.78 per cent. Despite the dilution, APAC is still a subsidiary of Magnus.

Incorporated in 1983, Magnus Energy Group Ltd. (“Magnus” or the “Company”) began its humble roots as a sub-contractor undertaking electrical installations. In a span of 20 years, Magnus has built an established track record as a provider of quality and reliable mechanical and electrical engineering (“M&E”) services. With the stiff operating conditions & cyclical nature of the construction business, a strategic decision was made in 2003 to shift its business focus. Over the past 18 months, Magnus has taken significant strides in transforming from a M&E Company to become a major regional player in the oil, gas and energy industry. The main core business of Magnus and its subsidiaries (“Group”) today comprises oil and gas equipment distribution and coal mining; and it has established a presence in China, Indonesia and Australia.

 

CEO's Walk The Talk

“…At the turn of the millennium, we made a conscious decision to divest our non-core assets, a difficult decision at that time as it would signifi cantly reduce the size of the Group. We began with the closure of our marketing and distribution businesses, which had been synonymous with the Boustead brand for more than a century. This was followed by our divestment of businesses in food, insurance, power generation and finally culminating in the sale of our remaining investment in EasyCall International Limited in FY2007. Today, the Group looks stronger, leaner and more focused because of the mindset we adopted several years back. We possess important attributes that will be integral to the Group achieving more milestones. Additionally, "being focused" will allow the management team to dedicate our fullest attention to the current exciting core businesses that truly represent our long-term future.”







Singapore's Most Promising Company Profile

Established in 1828, Boustead Singapore Limited is a progressive global Infrastructure-Related Engineering Services and Geo-Spatial Technology Group listed on the Singapore Exchange. Focusing on the engineering and development of key infrastructure supporting economic growth in the public and private sectors of developing nations, our strong suite of Engineering Services comprises:

  • Energy-Related Engineering;
  • Oil & Gas/Petrochemicals;
  • Solid Waste Energy Recovery;
  • Water & Wastewater Engineering;
  • Real Estate Solutions;
  • Industrial Real Estate Solutions; and
  • New Township.

Under our Geo-Spatial Technology arm, we provide professional services and exclusively distribute ESRI geospatial technology – the world’s leading geographic information systems and location intelligence solutions – to major markets across Australia and South East Asia. Our location intelligence solutions are essential to effectively plan, deploy and manage key infrastructure and resources in countries. With a vast global network stretching across Asia, Australia, Europe, Africa and the Americas, Boustead is ready to serve the world. To date, Boustead has undertaken infrastructure-related projects in 75 countries globally.


 

 































 

Historical Price Data
 Date Open High Low Close
Volume  
10 July 2008 2.460 2.490 2.460 2.480
124,000
09 July 2008 2.410 2.490 2.410 2.480
86,000
08 July 2008 2.400 2.410 2.390 2.400
86,000
07 July 2008 2.380 2.400 2.380 2.400
45,000
04 July 2008 2.410 2.410 2.400 2.400
13,000


Fundamentals
Historial EPS ($) a
  0.19997
Rolling EPS ($) e
  0.19997
NAV ($) b
  0.6400
Historical PE
  12.452
Rolling PE f
 12.452
Price / NAV b
 3.891
Dividend ($) d
 0.080000
52 Weeks High
 2.560
Par Value ($)
  n.a.
Dividend Yield (%) d
3.213
52 Weeks Low
 1.840
Market Cap (M)
  641.120
Issued & Paid-up Shares c
  257,478,000
 
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 27/06/2008. 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 July 2008

Incorporation Of Subsidiaries In Singapore

09 July 2008

Boustead Subsidiary Awarded S$67M Contract To Design-And-Build Semiconductor Equipment Manufacturing Facility Earmarked For Green Mark Platinum Award

07 July 2008

Boustead Subsidiary Awarded S$37M Contract To Design-And-Build Singapore Aero Engine Services Facility

30 June 2008

Boustead Wholly-Owned Subsidiary Awarded S$175M Water Infrastructure System In Libya; Largest Water Contract To Date

26 June 2008

In Principle Approval For Proposed Share Split Of Every One Existing Share Into Two Shares




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