03 November 2008
Name Volume '000
GoldenAgr 422,064,000
Noble Grp 294,560,000
HSI14800MBLeCW081230 266,741,000
HSI13200MBLePW081230 208,752,000
CoscoCorp 203,770,000
Name Value
DBS 684,114,388
SingTel 466,562,212
UOB 428,125,662
OCBC Bk 344,018,404
Kep Corp 297,932,966
Name Price Chg
JMH 400US$ 23.500 +5.060
GLD 10US$ 71.940 +2.980
JSH 500US$ 11.940 +2.430
Shang Asia 2kHK$ 10.500 +1.500
Lyxor China H 10US$ 8.530 +1.120
Note: Weekly movement as at 31 October 2008
 
DBS Vickers: DBS unit cuts S-Chips figures.
New York : Storm has passed but it’s not all calm yet.
Singapore : All indicators down: BT-UniSIM survey.
DBS : High Notes 5 investors win two concessions from DBS.
IMF : MF opens purse without strings attached.
SIA : SIA cuts capacity to Asian cities from falling demand.
CDL : CDL Hospitality Trusts Q3 income up 30 per cent to $24.4m.

LTA : LTA signs agreement with Shanghai Construction Group.

Ascendas India Trust
Ascendas India Trust Expands IT Park Chennai


Ascendas India Trust (“a-iTrust”), Singapore’s first listed Indian property trust, will be expanding International Tech Park Chennai (“ITPC”) in response to demand for business space in one of India’s most attractive cities for offshore services. Construction will commence in November this year and is expected to be completed in early 2010.

Details..


COSCO Corporation (Singapore) Limited
COSCO Won Offshore and Shipbuilding Contracts


COSCO Corporation (Singapore) Limited (“COSCO” or the “Company”), a leading ship repair, shipbuilding & marine engineering and dry bulk shipping group, is pleased to announce that its 51%-owned COSCO Shipyard Group (“CSG”) had won new shipbuilding and offshore contracts.

The shipbuilding contracts totaling RMB1 billion (S$220.2 million) were awarded by two Chinese ship owners for the new building of three 57,000 dwt bulk carriers.

Details...


Midas Holdings Limited
Midas Signs Letter Of Intent With Chinalco, China's Largest Aluminium Producer


Mainboard-listed Midas Holdings Limited (“Midas”) announced that it has signed a Letter of Intent (“LOI”) with Aluminium Corporation of China (“Chinalco”), the largest aluminium producer in the PRC and one of the largest producers of aluminium and alumina in the world.

Under the terms of the LOI, a proposed new Sino-foreign joint venture company (the “New Company”) will be set up between Midas, Chinalco and Northeast Light Alloy Co., Ltd (“NELA”) for the manufacture of thick aluminium alloy plates and sheets.

Details...


Olam International
Olam Is Second Runner-Up For Sustainable Investment In Africa At Africa Investor Awards 2008


Olam International Limited (“Olam” or the “Group”), a leading global, integrated supply chain manager of agricultural products and food ingredients, announced that it has received a second runner-up award for Sustainable Investment in Africa at the Africa investor (Ai) Awards 2008 held on October 27, 2008 in Durban, South Africa.

Organised by the Africa investor Group, the Ai Awards are pan-African business and investment awards that recognise and reward the achievements of the private sector across wide-ranging sectors and disciplines.

Details...


Banyan Tree Holdings Limited
Acquisition Of A New Wholly-Owned Subsidiary


The Board of Directors of Banyan Tree Holdings Limited wishes to announce that its wholly-owned subsidiary, Banyan Tree China Holdings Pte. Ltd., has acquired a newly incorporated Cayman subsidiary, known as "Sanctuary Dunhuang (Cayman) Limited" ("SDCL").

SDCL has an authorized share capital of US$50,000.00 and its principal activity is that of an investing holding company.

Details...


Old Chang Kee Ltd
Old Chang Kee Mark Its Foray Into PRC With Flagship Restaurant In Chengdu


Old Chang Kee Ltd. (“Old Chang Kee” or “the Group”), operating the Singapore brand, Old Chang Kee, a household name synonymous with the curry puff and a spread of other food products since 1956, announced its foray into PRC with the opening of its flagship restaurant in Chengdu.

Details...


Asia Power Corporation Limited
De-Registration Of Subsidiary


The Board of Directors of Asia Power Corporation Limited (the “Company") announced that that Asia Power (Yunxian) Hydroelectricity Co., Ltd. (“AP Yunxian”), a subsidiary of the Company incorporated in the People’s Republic of China (“PRC”) had completed its process of de-registration on 30 October 2008.

AP Yunxian is set up to undertake the development of Baishui hydropower electricity generation plant and Waqiao hydropower electricity generation plant along Nayu River, Yunnan Province, PRC (the “Project”).

After carrying out a detailed research, the Project was deemed to be unsuitable for further development as the location of the Project is situated at a geologically hazardous area which is susceptible to earthquakes. The Company therefore decided to discontinue the Project in view of the high potential risk.

Details...


GLOBAL VOICE GROUP
Global Voice Group completes Fiber Optic Network in Munich and connects Business on-demand to Europe's highest performance network


Global Voice Group, Europe's foremost provider of mission-critical, high performance data services, announced that it had completed a major commissioning on its metropolitan fiber optic network in Munich (Germany) to meet the ever-increasing networking requirements within and beyond the borders of the Bavarian state capital. With the completion of the Munich fiber optic MAN, GVG can supply a range of new on-demand and bespoke high-performance networking, such as pan-European datacenter and stock exchange connectivity, to enterprises, carriers and service providers.

Details...


Incorporated in 1998, Mainboard-listed Qian Hu Corporation Limited is an integrated ornamental fish service provider "C providing a spectrum of services involving distribution of well over 1,000 species and varieties of ornamental fish from all around the world as well as the manufacturing and distribution of a wide range of aquarium accessories, including pet foods and medications.

The company reported that its net profit attributable to shareholders for the third quarter of FY2008 ended 30 September 2008 rose 20.9% to $1.5 million. This was achieved on a 4.1% increase in Group revenue to $23.6 million boosted by overall growth in all of its core business – Ornamental Fish, Accessories and Plastics Manufacturing.

Mr Kenny Yap, Qian Hu’s Executive Chairman and Managing Director, said: “Despite the economic slowdown, this has been a good quarter, boosted by our continued robust performance by our twin engines of growth - Ornamental Fish and Accessories. Our Accessories is doing well, and our target is for it is to grow to the size of our Ornamental Fish business, and we intend to achieve this through increasing its export reach, increasing our dogs and cats accessories line, and expanding its distribution network.”

He added: “Barring any unforeseen circumstances, we believe that the ornamental fish industry is relatively recession proof, which will help to secure the Group’s continued growth. In particular, our Ornamental Fish business will continue to grow steadily, with added momentum from the strong demand for Dragon Fish in China and Southeast Asia.”

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
31 Oct 2008 0.090 0.090 0.090 0.090 110,000
30 Oct 2008 - - - - 0
29 Oct 2008 0.100 0.100 0.090 0.090 190,000
28 Oct 2008 0.090 0.095 0.090 0.095 222,000


FUNDAMENTALS
Historial EPS ($) a
  0.01192
Rolling EPS ($) e
  0.01417
NAV ($) b
  0.1251
Historical PE
  7.550
Rolling PE f
 6.351
Price / NAV b
 0.719
Dividend ($) d
  -
52 Weeks High
 0.190
Par Value ($)
  n.a.
Dividend Yield (%) d
-
52 Weeks Low
 0.090
Market Cap (M)
  37.370
Issued & Paid-up Shares c
  415,224,000
 
   
a Based on latest Full Year results announcement, adjusted for the current number of shares.
b Based on latest results announcement (Full Year, Half Year or Interim), adjusted for the current number of shares.
c Rounded to the nearest thousand. Updated on 21/10/2008. 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
g Based on latest results announcement (Full Year, Half Year or Interim), adjusted for the current number of shares. Cash value does not include bank loans or other borrowings.

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