4 Aug 2008      
 
WEEK'S TOP VOLUME
 Name
Volume '000 
China Hongx
179,438
Oceanus
157,442
GoldenAgr
142,256
KencanaAgri
140,065
JiutianC
130,711
Weekly movement as at 1 Aug 2008
WEEK'S TOP GAINER
 Name
Price  
Chg 
JMH 400US$
31.980
+0.980
Venture
11.040
+0.760
DairyFarm 900 US$
5.200
+0.650
JSH 500US$
17.400
+0.640
DBS Bk 6% NCPS 10
105.100
+0.600
Weekly movement as at 1 Aug 2008

 
HEADLINES FOR THE WEEK
China Kangda Food Co Ltd : Sees rabbit meat as key to drive sales in light of rising raw materials costs.
Keppel SingMarine Pte Ltd : Wins a $181 million project to build a multi-purpose heavylift/pipelay vessel for Grup Servicii Petroliere SA.
Lum Chang Holdings : Sells all apartments at the 2 Belmont for $65 million.
Keppel Shipyard : Clinches up to $110 million in contracts for 3 vessel conversion projects.
Dayen Environmental : Clinches projects valued up to $16 million.
Straits Asia Resources : Sees output for the first half of the year reach the 4.46 million metric tonnes mark for its two Indonesia mines.
SNP Corporation : Asks for a trading suspension in light of voluntary cash offer from Toppan Printing Co. Ltd.

 

Keppel Corporation : Injects RMB 40 million in capital for its second Tianjin JV fir infrastructure deals.
City Developments Ltd : Launches the Millennium Resort Patong Phuket.
CDL Hospitality Trusts : Looks to take a piece of the Japan market.
SPH : Inks agreement with Ufinity for the introduction of an interactive TV service targeting people in the 18-40 age group.
Singapore Food Industries :Gets exclusive rights for vegetable and fruit distribution by Malaysian Agrifood Corporation Berhad.
OCBC Bank : Launches full-service business banking centre in the Ubi-Paya Lebar industrial area.
Jade Technologies : To issue directors 30 million remuneration shares as approved by shareholders at its recent EGM.
Pan-United Corp : Grants option to an individual to purchase space on the 13th floor of The Octagon at $9.4 million.

 
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Investor Relations Alert

China Essence Secures Loan Facility Granted By DBS Bank Ltd

China Essence Group Ltd. (the Company) announced that the Company has entered into a Facility Agreement with DBS Bank Ltd in respect of a USD 60 million short term loan (the Term Loan).

The Term Loan has a maturity date not exceeding 30 June 2009. The Term Loan is not secured against any assets of the Company.

The proceeds from the Term Loan will be applied either by way of equity injection and/or shareholder’s loan to the Company’s subsidiaries in the People’s Republic of China (PRC) to (i) acquire two pieces of land in PRC, (ii) purchase equipment and finance the construction of new production facilities on these two pieces of land; and (iii) fund working capital.

China Essence Group Ltd. is an integrated potato-processing producer in the PRC, engaged in the production, supply and sale of potato starch, potato starch-based products and potato by products. Our potato starch-based products include vermicelli, five-grain noodles and starch strips while by products include that of potato fibre and protein. Our production facilities are located strategically North Eastern region of China, one of the world’s prime potato farming areas. Production of potato starch takes place across our three primary locations – Lindian (Heilongjiang), Sui Ling (Heilongjiang) and Ahlihe (Inner Mongolia) Potato starch-based products are produced in Lindian, while our by products are produced in Ahlihe. Annual production capacities of potato starch and potato starch-based products stand at 180,000 tonnes and 22,000 tonnes respectively.

CIT Issues Units To Manager In Lieu Of Management Fees

Cambridge Industrial Trust Management Limited (CITM), the manager of Cambridge Industrial Trust (CIT) announced that 1,150,605 new units in CIT (Units) have been issued to CITM as of 29 July 2008. The Units were issued to CITM at an issue price of $0.6808 per unit, in lieu of the payment of 65 per cent of the base fee (Base Fee) component of the management fee in respect of all investment properties.

The Base Fee is defined in the trust deed constituting CIT (the Trust Deed) as 0.5 per cent per annum of the value of the deposited property. In accordance with the Trust Deed, the issue price was determined based on the volume weighted average traded price for a Unit for all trades done on the Singapore Exchange Securities Trading Limited, in the ordinary course of trading, for 10 business days immediately preceding the relevant business day.

The manager has elected to receive 65 per cent of the Base Fee in respect of all investment properties in Units as disclosed in the section titled “The Manager and Corporate Governance” on page 224 of CIT’s prospectus dated 14 July 2006 issued in connection with the initial public offering of Units.

Cambridge Industrial Trust ("CIT"), listed on the Singapore Exchange on 25th July 2006, is Singapore's first independent industrial real estate investment trust (REIT), and a conduit for investors to Singapore's high growth industrial sector. The Trust invests in income-producing industrial properties and has an existing portfolio of 43 properties valued at $966.8 million. They range from logistics and warehousing properties to light industrial properties, all located across Singapore's key industrial zones. This provides a secure and stable yield to Unitholders. The management team is anchored by experienced professionals with a breadth of expertise in fund, asset and property management sectors regionally as well as locally.

Ezion Incorporates Subsidiaries

Ezion Holdings Limited (the Company) announced that the Company has established a wholly-owned subsidiary in the British Virgin Islands under the name “Teras Oilfield Support Limited” (the Subsidiary).

The total issued and paid-up capital of the Subsidiary is US$10,000.00. The principal activity of the Subsidiary is that of provision of rig and oilfield related services.

The Company has also established the following wholly-owned subsidiary companies in Singapore:- Teras Conquest 3 Pte. Ltd. with a total issued and paid up capital of US$100,000, Teras Conquest 4 Pte. Ltd. with a total issued and paid up capital of US$ 100,000, Teras Pacific Pte. Ltd. with a total issued and paid up capital of US$100,000 and Teras Atlantic Pte. Ltd. with a total issued and paid up capital of US$100,000 (hereinafter collectively referred to as the Subsidiary Companies). The principal activity of the Subsidiary Companies is that of hiring of Singapore ships.

The above investment was funded through internal resources and is not expected to have any 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.

Ezion Holdings Limited specialises in marine logistics and support services to the offshore oil and gas Industries. Through our subsidiaries and joint ventures, we develop, own, and charter strategic offshore assets. We currently own one of the largest fleets of ballastable vessels used in the commissioning and decommissioning of offshore oil and gas platforms. In addition we own the largest and most sophisticated class of liftboat in the world— the multi-purpose self-propelled jack-up rig 'liftboat' and were among the first to introduce it to Southeast Asia. As oil and gas exploration and extraction activities move to deeper waters, we and our partners are redefining the category of offshore accommodations through our development and launches of premium offshore accommodation vessels. With accommodations that meet and exceed European and American comfort standards, our vessels provide a strategic advantage in attracting and retaining top talent and ensuring the highest levels of productivity.

Mercator Singapore Takes Delivery Of Vessels YK Taurus & YK Titan

Mercator Lines (Singapore) Limited (Mercator) announced that it has taken delivery of its newly acquired vessel “YK Titan”, and re-named it “Kanak Perm”.

The vessel was the first acquisition by Mercator since its IPO listing on December 14. 2007. Kanak Prem is of capacity 69,221 dwt and was acquired at a total consideration price of around Us$65,5 million.

Mercator previously took delivery of its second acquisition since listing, YK Taurus, on June 10, 2008. YK Taurus has a capacity of 69,186 dwt and was acquired at a total consideration of US$65.5 million and renamed “Kesari Prem”.

Mercator Lines (Singapore) Limited is a leading Indian-owned international dry bulk shipping company focused on India and other high growth markets, such as China. We have established a strong market presence in the transportation of coal into India having rapidly grown our young and modern fleet to its current size of 11 vessels, with repeat business from reputable customers. Together with our ultimate parent company, MLL India, we offer full logistics solutions to our customers from load port to the point of usage in India.

CDL Hospitality Trusts Pays Management Fee By Way Of Issue Of Stapled Securities

M&C REIT Management Limited (the Company), as manager of H-REIT, and M&C Business Trust Management Limited, as trustee-manager of HBT, announced that 1,115,881 stapled securities in CDL Hospitality Trusts (Stapled Securities), each Stapled Securities comprising one unit in HREIT and one unit in HBT, have been issued by the H-REIT Manager and the HBT Trustee-Manager, at an issue price of S$1.7274 per Stapled Security, to the Company.

The Stapled Securities were issued to the Company as payment of 80.0 per cent. of its Management Fee (as defined in the trust deed dated 8 June 2006 constituting H-REIT as amended by the First Supplemental Deed dated 11 January 2007 (the H-REIT Trust Deed) for the period from 1 April 2008 to 30 June 2008 in relation to H-REIT.

Under the H-REIT Trust Deed, the issue price of the Stapled Securities is equivalent to their “market price”, being the volume weighted average price per Stapled Security for all trades on Singapore Exchange Securities Trading Limited (the SGX-ST), in the ordinary course of trading, for the last 10 business days of the period in which the Management Fee accrued. With the abovementioned issue of new Stapled Securities, the Company holds an aggregate of 5,797,232 Stapled Securities and the total number of Stapled Securities in issue is 826,104,237.

CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-REIT) and CDL Hospitality Business Trust. (HBT). CDL Hospitality Trusts is listed on the mainboard of the Singapore Exchange. CDL Hospitality Trusts is sponsored by Millennium & Copthorne Hotels plc, an internationally recognized company which owns and operates hotels globally and which is listed on the London Stock Exchange with a market capitalization of as at 1 September 2006.

 

 

Ascendas India Trust Pays Management Fees By Way Of Issue Of New Units

Ascendas Property Fund Trustee Pte. Ltd. (APFT), as Trustee-Manager of Ascendas India Trust (a-iTrust), announced that 625,542 units in a-iTrust have been issued to APFT on 30 July 2008.

The units were issued to APFT pursuant to the Trust Deed dated 28 June 2007 (Trust Deed), as payment of 50% of the Management Fee (as defined in the Trust Deed) for the period from 1 April 2008 to 30 June 2008. The balance of the Management Fee of S$568,680 was paid in cash.

The number of units was determined based on an issue price of S$0.9091 per unit, which was the volume weighted average traded unit price for all the trades on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the last 10 trading days of the relevant period in which the management fee accrues (as defined in the Trust Deed). The timing of the issue of the units to the Trustee-Manager is in accordance with the payment timing as defined in the Trust Deed, which is within 30 days of the last day of every calendar quarter in arrears). With the above-mentioned issue of units, APFT holds an aggregate of 3,670,628 units and the total number of units in issue as at 30 July 2008 is 754,480,990.

Ascendas India Trust (a-iTrust), seeded by four world-class IT parks in India, provides investors an opportunity to invest in India's fast-growing economy. a-iTrust is established with the principal objective of owning income-producing real estate1 used primarily as business space in India. a-iTrust may acquire and develop land or uncompleted developments to be used primarily as business space, with the objective of holding the properties upon completion.

Raffles Education Corporation Merges Huizhou And Guangzhou Colleges

Raffles Education Corporation Limited (RafflesEducationCorp or the Group), has merged the operations of its college in Huizhou, Raffles H.U. International College (RHU), with its college in Guangzhou, LaSalle International Design College (RGZ), as part of its restructuring exercise for its southern college operations.

Students from RHU have been transferred over to RGZ, and will continue to pursue the same programmes which they started with in RHU.

The Group embarked on a restructuring exercise early this year to consolidate its colleges in the region. This came on the back of delisting plans for Hartford Education Corp Limited and China Education Limited, both of which has been completed. The merger exercise is not expected to have a material impact on the earnings of the Group in FY2008.

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 21 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.

Acquisition Of Associate Interest In Jordan Acquisition Group, LLC

CNA Group Ltd (the Company) announced that the Company has through its subsidiary, CNA IT Americas, Inc., (CNA IT), a Delaware corporation entered into agreements (collectively, the Sale and Purchase Agreement) to acquire a 26% stake in US-based JAG (the Acquired Shares), a Michigan limited liability company d/b/a (doing business as) American Auto-Matrix (AAM) for approximately US$533,142 (the Acquisition). CNA IT has been incorporated by the Company to acquire the interest in JAG. CNA IT will purchase the associate level stake from JAG through a direct subscription from JAG and an acquisition from one of its shareholders, Croesus Partners XVI. CAN IT has also been granted with an option to buy out Croesus Partners XVI’s remaining 19.5% shareholding in JAG (Option Shares) subject to certain conditions at a purchase consideration based on, inter alia, the annual profits of JAG.

JAG is a developer and manufacturer of building automation systems (BAS). JAG’s microprocessor-based, applied networkable controllers are used in a broad range of applications including facilities management, building automation, temperature control, direct digital control, process control and integrated fire, security, and life safety management. With an established track record of proven product reliability and advanced technology, JAG’s products and systems are sold, installed and maintained worldwide through a comprehensive network of solution integrators (SI). The Company and its subsidiaries (the Group) require BAS products as part of their offerings in the Middle East. Having a prominent brand like AAM’s BAS in the offerings opens up new opportunities for the Group to compete more efficiently in the booming construction market in the Middle East. In addition, AAM’s comprehensive SI’s distribution network will be beneficial towards promoting the Group for numerous other SI projects. The latest deal is a significant development for CNA’s C&A business in the Middle East where customers are brand conscious as well as equally concerned with effective after sales support. In such a scenario, the focused marketing and distribution of a prominent brand like AAM is critical for successfully securing systems integration and maintenance projects which are usually higher-margin either through product sales or through independent distribution channels.

The consideration for the Acquisition was arrived at on a willing buyer and willing seller basis taking into account the fair value of the assets acquired and the projected future earnings. The Acquisition has been completed.

CNA Group Ltd. is an award-winning specialist in the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities. We are primarily focused in the turnkey development of integrated control and automation solutions, the provision of system maintenance and value-enhancement services and the sale of environmental control and engineering products.

Hengxin Invests RMB64M To Expand Production By 68% To Meet Rising Demand

Hengxin Technology Limited (Hengxin or the Group), a leading manufacturer of radio frequency (RF) coaxial cables series for mobile communication and other telecommunication equipments in People’s Republic of China (the PRC), announced that it will invest approximately RMB64 million to expand its RF coaxial cables’ annual production capacity by 36,000 kilometres or 68% to meet rising demand.

The expansion will be funded by the Group’s internally generated funds. Upon the completion of this expansion by end of FY2009, the Group will have an annual production capacity of 89,000 kilometres for its RF coaxial cables series for mobile communication.

Hengxin’s RF coaxial cables series for mobile communication includes RF coaxial cables for mobile communication and leaky coaxial cables. RF coaxial cables for mobile communication are used in transmitting high-frequency signals between antennas and base station equipments for outdoor and indoor wireless signal coverage systems while leaky coaxial cables are deployed for wireless signal coverage in no-signal areas, such as subways, tunnels, mines, and underground sites.

Hengxin Technology Limited is one of the leading manufacturers of RF coaxial cables series for mobile communications and other telecommunications equipment in the PRC. The Group specialises in the research, design, development, manufacture and sale of RF coaxial cable and accessories for mobile communications. The Group is the leading market player in its industry segment in terms of the sales of RF coaxial cables for mobile communications among all such manufacturers in the PRC in 2004, 2005 and 2006. To date, the Group has an annual production capacity of 53,000 kilometres of RF coaxial cables for mobile communications.

Incorporation Of A New Subsidiary In People's Republic Of China

Popular Holdings Limited (the Company) announced that the Company has incorporated a wholly-owned subsidiary, Guangzhou Pan Lloyds Information Technology Development Company Limited (GZ Pan Lloyds) in the People’s Republic of China.

The registered capital of GZ Pan Lloyds is HK$1,000,000 and its principal activities are provision of information technology and publishing support services.

The incorporation of GZ Pan Lloyds was funded through internal resources and is not expected to have any financial impact on the Company and the Group for the current financial year ending 30 April 2009

POPULAR is making fast and extensive inroads into the Greater China market, especially in China and Taiwan. We have marketing offices / subsidiaries in Beijing, Shenzhen, Guangzhou and Taipei. Our business activities cover many major cities and provinces in China.

POPULAR has the network, content and the platform, to grow our business and expand into new products, markets and businesses. The synergy between our three core businesses enables us to be the Edu-Channel of East Asia: Retail & distribution, Publishing, e-learning.

 

CEO's Walk The Talk

“…While our business is set in a mature industry, we are certain that there remains room for growth. Underscoring our belief is our innovation-centered outlook and our proven ability to secure new customers, critical features which will ensure our strength in our core markets as well as our ability to move into new ones.”



Suresh Kilam
Chairman
Nippecraft Limited



Singapore's Most Promising Company Profile

Listed on SGX-SESDAQ on 6 August 1999 and upgraded to the Mainboard on 11 March 2002, KS Energy is an energy services group catering to the oil & gas and petrochemical industries around the world.

In addition to distributing more than 60,000 oil & gas, marine and tubular related products items that encompass more than three hundred global brands, the Group through a series of acquisitions in the last few years enhanced its expertise in the related services of procurement, distribution, engineering and offshore chartering to support its customers.

Over the last two decades, the Group has established very close working relationships with major oil & gas companies in the region. In leveraging its enhanced expertise as a leading one-stop supply and services provider with these long term relationships, KS Energy was able to provide higher value-added services by procuring and supplying upgraded capital assets to CNOOC Group, Maersk, Gulf Drilling International Limited and others under the service contracts it has secured since November 2003.

Headquartered in Singapore, the Group has subsidiaries and representative offices in China, Vietnam, Thailand, Qatar, UAE, USA, Indonesia and Malaysia to support its wide base of global oil & gas customers.


 

 































 

Historical Price Data
 Date Open High Low Close
Volume  
31 July 2008 2.060 2.090 2.050 2.070
1,322,000
30 July 2008 2.050 2.090 2.050 2.080
1,741,000
29 July 2008 1.970 2.040 1.970 2.040
1,840,000
28 July 2008 1.910 1.970 1.890 1.970
1,255,000
25 July 2008 1.780 1.890 1.760 1.850
586,000


Fundamentals
Historial EPS ($) a
  0.30670
Rolling EPS ($) e
  -
NAV ($) b
  0.7866
Historical PE
  6.782
Rolling PE f
 -
Price / NAV b
 2.644
Dividend ($) d
 0.060000
52 Weeks High
 4.240
Par Value ($)
  n.a.
Dividend Yield (%) d
2.885
52 Weeks Low
 1.300
Market Cap (M)
  500.215
Issued & Paid-up Shares c
  240,488,000
 
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 30/07/2008. 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

01 August 2008

Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

01 August 2008

Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

01 August 2008

Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

01 August 2008

Notice Of Extraordinary General Meeting

31 July 2008

Notice Of A Substantial Shareholder's Interest




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