10 November 2008
Name Volume
GoldenAgr 906,895,000
Jade 291,571,000
China Hongx 269,497,000
CoscoCorp 269,241,000
HSI13200MBLePW081230 242,441,000
Name Value
SingTel 518,575,678
DBS 416,298,864
Capitaland 324,953,616
UOB 307,788,060
Kep Corp 303,401,459
Name Price Chg
OCBC Bk 4.5%NCPS 100 82.900 +9.240
OCBC Bk 5.1%NCPS 100 89.200 +5.700
UOB 5.05%NCPS 100 89.000 +4.000
OCBCCap 5.1%NCPS 100 84.000 +3.400
GLD 10US$ 73.380 +1.440
Note: Weekly movement as at 07 November 2008
 
Singapore: Next Budget will be expansionary: SM Goh
Boston: US pension funds rethink bets on hedge funds
Hour Glass : High-end segment not bullet-proof, says Hour Glass
SIA : SIA cuts fuel surcharge for business, economy class tickets
SingTel : SingTel scores with Serie A
New York : Las Vegas Sands in peril
Washington : Obamanomics – the shape of things to come

Singapore : SGX to launch extended settlement contracts

Sino-Environment Technology Group Limited
Sino-Env Completes Two deSOx Projects Ahead Of Scheduled Completion Date

The Board of Directors of Sino-Environment Technology Group Limited (the “Group” or “Sino-Env”) announced that the Group has substantially completed the following two desulphurisation (“deSOx”) projects in advance of the scheduled completion date:

  1. Huadian Xinjiang Wei Hu Liang deSOx project of approximately RMB 63 million in contract value; and
  2. Huatai Group deSOx project of approximately RMB 63 million in contract value

The Board is confident that the successful completions of the above projects will path further inroads towards additional contract wins in the future.

Details..

Inter-Roller Engineering Limited
Incorporation of new subsidiary in Nunavut, Canada

The Directors of Inter-Roller Engineering Limited (the “Company”) announced that the Company has incorporated a wholly-owned subsidiary, Pteris Global (Canada) Inc. (“Pteris Canada”) in Nunavut, Canada.

Pteris Canada was incorporated to facilitate the Company’s project executions for the Winnipeg James Armstrong Richardson International Airport and Calgary International Airport. It will also serve the Company’s future business needs in Canada.

Details...

Avi-Tech Electronics Limited
Avi-Tech Electronics awarded the prestigious Singapore Quality Award

Mainboard-listed Avi-Tech Electronics Limited (“Avi-Tech”), one of the region’s leading ‘onestop’ total Burn-In solutions providers to the semiconductor industry, has been awarded the Singapore Quality Award (“SQA”).

Launched in 1994 with the Prime Minister as its patron, the SQA is the most prestigious award conferred to organisations in recognition of their attainment of world-class standard of performance excellence.

Details...

Raffles Education Corporatio Limited
RafflesEducationCorp Continues To Reward Shareholders With Scrip Dividend Scheme With Option For Shareholders To Receive Either Cash Or Shares

Mainboard-listed Raffles Education Corporation Limited ("RafflesEducationCorp" or "the Group"), the largest private education group in the Asia-Pacific region, is proposing the adoption of a dividend reinvestment plan, the Scrip Dividend Scheme.

Commented Mr Chew Hua Seng, Chairman and CEO of RafflesEducationCorp: "The Scrip Dividend Scheme, when adopted, will give shareholders the option to receive either cash or an allotment of new RafflesEducationCorp shares. This will allow us to conserve cash and also enable our shareholders to reinvest in the growth of our company."

Details...

CNA Group Ltd
CNA Wins S$24 Million Master System Integrator Contract From Singapore’s Newest State-Of-The-Art Patient-Centric Khoo Teck Puat Hospital

CNA Group Ltd. (“CNA” or the “Group”), an award-winning enabler of intelligent buildings and facilities, has secured its first Connected Real Estate Technology (“CRE”) contract in South East Asia.

The landmark CRE technology project, valued at S$24 million, is for Singapore’s newest state-of-the-art patient-centric Khoo Teck Puat Hospital (“KTPH”).

For the KTPH project, CNA will leverage on its powerful proprietary integration framework technology, SIRIUSTM, to pull together data from various hospital subsystems – even if they operate on different technologies and protocols -- enabling real time visibility and control over the entire hospital’s portfolio.

Details...

Food Empire Holdings
Food Empire is Ranked Amongst Top 100 Companies with High Overseas Revenue in the Singapore International 100

Food Empire Holdings, a leading food and beverage group best known for its proprietary brand, MacCoffee, 3-in-1 instant coffee beverage, is ranked amongst top 100 companies with high overseas revenue in the National Ranking which celebrates the achievements of Singapore’s top companies who have done well in the international arena.

The Singapore International 100 Ranking is a pioneer effort to identify and celebrate Singapore’s top 100 ranking companies ranked by overseas revenue and also to recognize the revenue contributions from the markets of Africa, the Americas, China, Europe, India, the Middle East, North Asia, Oceania and South East Asia.

Details...

Olam International Limited
Olam International amongst top 10 globalised companies in Singapore International 100 Ranking 2008

Olam International Limited (“Olam” or the “Group”), a leading global, integrated supply chain manager of agricultural products and food ingredients, has been ranked one of the top 10 most globalised companies in the Singapore International (“SI”) 100 Ranking 2008 by International Enterprise (“IE”) Singapore for the fourth consecutive year since the SI 100 began in 2005.

In addition to being named as one of Singapore’s top 10 globalised companies, Olam topped the market segment of Africa this year in terms of overseas revenue.

The companies in the Singapore International 100 Ranking 2008 are selected and ranked based on their audited sales revenue from overseas markets for the year ended December 31, 2007.

Details...

Addvalue Technologies Ltd
Strategic Investment by Pytheas of up to S$94.60 million in cash in Addvalue

SGX Main Board-listed Addvalue Technologies Ltd (“Addvalue” or the “Company”), a leading provider of satellite communication, tracking and telemetry solutions and digital wireless design services, announced that it had, on September 29, 2008 entered into an Investment Agreement (the “Investment Agreement”) with Pytheas (Cyprus) Ltd (“Pytheas”), part of the Pytheas conglomerate, a premier international investment management organisation, whereby Pytheas will invest up to S$94.96 million in cash in Addvalue.

Notwithstanding the global financial market conditions, Pytheas, after a process of due diligence since February 2008, is committed to complete this acquisition due to the strategic fit of Addvalue’s products and services to its business as well as for the benefits of a acquiring a Singapore Exchange-listed platform for its Asian expansion plans.

Under the Investment Agreement, Pytheas will subscribe for up to 860 million new ordinary shares at a subscription price of S$0.11 per share. This represents up to 51.56% equity stake of Addvalue’s enlarged issued share capital.

Details...

Established in 1979, The Hour Glass Limited has grown over the years to emerge as Asia’s best managed specialist luxury watch retailer. The Company’s success is based on its astute business strategy comprising strategic brand partnerships, marketing and merchandising management, efficient inventory processing and an executive management team with best practices.

The Hour Glass prides itself for its proven merchandising strategy. Its ability to identify and invest in the right mix of brands and products has paid off handsomely. In particular, the Company’s move into the luxury performance sport watch and high grade technical watch segment has proven to be very successful. Representing a stable of over 60 brands across 27 boutiques in nine cities throughout Asia Pacific, The Hour Glass is the most geographically diverse specialist luxury watch retailer in Asia.

In the Group’s latest financial results, revenues for the first half year ended 30 September 2008 amounted to S$226.3 million, about 4% lower from the higher base a year ago when strong consumer buying ahead of the hike in the Goods and Services Tax in Singapore (implemented on 1 July 2007) drove retail spending to unprecedented highs. In addition, the global financial crisis and the subsequent weakening of regional economies dampened consumer sentiment in the latest half.

The Group said that despite the weaker external environment, its organisational focus on maintaining margins and driving operating efficiency contributed to its positive first half performance (with an increase of 11% in net profit to S$14.1 million). Mr Michael Tay, the Executive Director of The Hour Glass said: “The latest set of results was achieved in a challenging financial and economic environment. Against this backdrop where buying sentiment has considerably weakened, we acted by directing our management and sales teams to maintain fiscal prudence and make rational near and mid-term decisions. With the experience gained in managing past down cycles, we are both mentally and financially ready to deal with any adversity that will affect our industry.”

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
07 Nov 2008 0.500 0.500 0.485 0.485 14,000
06 Nov 2008 0.465 0.465 0.465 0.465 6,000
05 Nov 2008 0.510 0.520 0.5000 0.500 30,000
04 Nov 2008 0.505 0.505 0.470 0.470 2,000
03 Nov 2008 0.460 0.485 0.460 0.480 58,000


FUNDAMENTALS
Historial EPS ($) a
  0.13164		 Rolling EPS ($) e
  0.13712		 NAV ($) b
  0.7452
Historical PE
  3.684		 Rolling PE f
 3.537		 Price / NAV b
 0.651
Dividend ($) d
  0.020000		 52 Weeks High
 1.070		 Par Value ($)
  n.a.
Dividend Yield (%) d
4.124		 52 Weeks Low
 0.330		 Market Cap (M)
  112.481
Issued & Paid-up Shares c
  231,919,000		  
   
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 07/11/2008. 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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