01 December 2008
Name Volume
GoldenAgr 530,652,000
Noble Grp 263,305,000
HSI13200MBLePW081230 181,510,000
HSI13400MBLeCW081230 178,616,000
SingTel 149,620,000
Name Value
DBS 457,022,561
UOB 392,978,649
SingTel 374,963,770
Kep Corp 260,143,248
Noble Grp 218,354,706
Name Price Chg
GLD 10US$ 80.000 +4.900
UOB 13.180 +1.480
Shang Asia 2kHK$ 9.900 +1.400
Lyxor China H 10US$ 9.500 +1.100
St Trdg 3.850 +0.950
Note: Weekly movement as at 28 November 2008
 
Singapore: SGX proposes greater short-selling disclosure
Hong Leong Asia: Hong Leong Asia makes bid for Tasek, valuing it at $290m
Olam : Verghese is E&Y Entrepreneur of the Year
Singapore : Visitor arrivals slide 8.1%
Tokyo : China can hit target of 7.5% growth next year: report
Singapore : Asian insurers may see lower sales
Otto Marine : Otto launches IPO shares at 51cents apiece

Hong Kong : Asian property markets on investors’ radar

Olam
Olam CEO Sunny Verghese To Represent Singapore At The Ernst & Young World Entrepreneur Of The Year Award In Monte Carlo


Olam International Limited (“Olam” or the “Group”), a leading global, integrated supply chain manager of agricultural products and food ingredients, announced that its Group Managing Director and CEO, Sunny Verghese, has been named Ernst & Young Entrepreneur Of The Year 2008 Singapore and will represent Singapore at the Ernst & Young World Entrepreneur Of The Year award in Monte Carlo in 2009.

Earlier in November, he was announced the Ernst & Young Entrepreneur Of The Year 2008 under the “Commodities Supply Chain” category. The Ernst & Young Entrepreneur Of The Year awards was first launched by Ernst & Young in the United States in 1986 to honour entrepreneurs whose ingenuity and perseverance created and sustained successful, growing business ventures.

Details..


Van der Horst Energy Limited
Acquisition Of Shares In Cambridge Industrial Trust


The Board of Directors of Van der Horst Energy Limited ("the Company", and together with its subsidiaries, the “Group”) announced that the Company has acquired 1,900,000 shares of Cambridge Industrial Trust (“Cambridge”) through open market purchase by a series of transactions during 24 November 2008 to 26 November 2008 (“Acquisition”).

The total consideration paid by the Company for the Acquisition is S$391,274. The consideration was based on the quoted market price of Cambridge shares and has been paid by the Company mainly with its internal cash resources.

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...


Advance SCT
Profit Guidance


In reference to the Group's half year results ("1H FY2008") announcement on 14 August 2008 which highlighted the conditions under which the Group operates, Advance SCT Limited (“the Group”) said in an announcement that the deteriorating global financial situation has resulted in lower demand for copper products. To mitigate this situation, the Group has decided to scale down its manufacturing operations to match the lower demand.

Due to the sharp fall in commodity prices, and in particular copper prices since the last announcement in August 2008, the Group may potentially incur losses in the sales of its finished copper products as well as write-down of its inventories which were purchased earlier at higher prices.

With the likelihood of further doubtful debt provision, a lower demand for finished copper products and a write-down of its inventory, the Group expects the loss in 2H FY2008 to be significantly higher than that for 1H FY2008.

Details...


HG Metal
HG Metal Posts 25% Growth In FY08 PATMI To Register Record Earnings Of S$22.6 Million


Mainboard-listed HG Metal Manufacturing Limited (“HG Metal” or “The Group”), one of the largest steel stockists in Singapore and Southeast Asia, announced record earnings for the full year ended 30 September 2008 (“FY08”).

With strong demand for steel and increase in steel prices during the year, HG Metal’s revenue grew 67% to S$732.9 million in FY08, as compared to S$438.1 million in FY07. Gross profit margin improved significantly by 4.6 ppt to 16.0% in FY08 as the Group stocked up inventory in light of the strong demand and rising prices for steel products during the year.

“We are delighted to have produced another year of record earnings in spite of the write down of inventory to net realizable value. In FY08, steel prices fluctuated widely in a volatile economic environment. This has resulted in many casualties in the global steel industry. But HG Metal has been able to leverage on our experience to navigate our business through this Storm,” said Mr Wee Piew, CEO of HG Metal.

Details...


China Printing & Dyeing
Announcement


Following the announcements by China Printing & Dyeing Holding Limited (the "Company") on 10, 11 and 12 November 2008, the Company announced that the application for the Company to be placed under judicial management has been approved by the High Court of Singapore pursuant to an order made on 25 November 2008.

The current Interim Judicial Managers, Chay Fook Yuen and Tay Puay Cheng of KPMG Advisory Services Pte. Ltd., were jointly and severally appointed as Judicial Managers of the Company.

Details...


Petra Foods Limited
Petra Foods CEO Reorganises Immediate Family Holding In The Group


Petra Foods Limited's Chief Executive Officer and substantial shareholder, Mr John Chuang, has initiated a change in the shareholding of Aerodrome International Limited ("Aerodrome") by transferring all its shares from SG Trust (Asia) Ltd ("SG Trust") to his wife, Mdm Lim Mee Len (the "transfer") for personal estate planning purposes.

As a result of the Transfer, the ultimate holding corporation of Petra Foods Limited has changed from SG Trust to Aerodrome. In the near future, a new structure will be created to hold his family's shareholding in Petra Foods.

Details...



Olam International (“Olam” or the “Group”) is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 20 products with a direct presence in 60 countries and supplying them to over 6,500 customers. 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 wood products.

For the first quarter ended September 30, 2008 (“Q1 FY2009”), the Group reported a Net Profit After Tax of S$14.9 million, an increase of 62.0% when compared to Q1 FY2008. The strong growth in earnings during the quarter was a combined result of growth in Sales Volume and Net Contribution (NC) across all four business segments.

Olam’s Group Managing Director and CEO Sunny Verghese said: “We continue to expand ourreach both in existing and new origins as we increase our sourcing market share in existing products and also enter into new adjacent products such as Wheat, Canola, Barley, Palm Oil, Rubber and Wool. This allows us to offer an enlarged and diversified basket of products to our growing customer base. We are also positioning Olam to be selectively more integrated in the value chain with a view to earning higher returns and strengthening our competitive advantage to ensure sustained profitable growth.”

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, S&P Agribusiness Index and the DAXglobal Agribusiness Index.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
28 Nov 2008 0.960 0.965 0.925 0.940 10,674,000
27 Nov 2008 0.965 0.985 0.940 0.960 19,903,000
26 Nov 2008 0.915 0.945 0.885 0.945 15,524,000
25 Nov 2008 0.975 0.980 0.900 0.900 25,013,000
24 Nov 2008 0.995 1.000 0.930 0.930 10,533,000


FUNDAMENTALS
Historial EPS ($) a
  0.09788
Rolling EPS ($) e
  0.10121
NAV ($) b
  0.5631
Historical PE
  9.604
Rolling PE f
 9.288
Price / NAV b
 1.669
Dividend ($) d
  0.042500
52 Weeks High
 3.190
Par Value ($)
  n.a.
Dividend Yield (%) d
 4.521
52 Weeks Low
 0.835
Market Cap (M)
  1610.511
Issued & Paid-up Shares c
  1,713,310,000
 
   
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 21/11/2008. 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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