22 December 2008
Name Volume
GoldenAgr 359,145,000
HSI15000MBLeCW090129 169,495,000
China Hongx 158,876,000
StraitsAsia 151,253,000
RafflesEdu 140,575,000
Name Value
DBS 346,464,196
SingTel 339,779,274
Capitaland 273,507,470
UOB 234,659,696
OCBC Bk 143,903,404
Name Price Chg
GLD 10US$ 83.300 +2.840
JMH 400US$ 18.420 +1.760
STXPO 100 9.950 +1.450
DBS Bk 6% NCPS 10 94.400 +1.400
S I A 12.160 +1.120
Note: Weekly movement as at 19 December 2008
Singapore: S'pore in list of 10 slowest economies in '09: EIU
Singapore: Retail sales fall 3.6% in October
Singapore : Doha – Tariff barriers fall as S'pore inks free trade deal with GCC
Singapore : $2b in govt funding for SMEs run into hurdles
Japan : Tokyo – Japan to go down zero-rate road again
China : London – World braces for 5% ‘uncharted' China growth
United States : Washington – Banks, consumers brace for new credit card rules
SembCorp Marine : SembMarine unit delivers rig
Parkway : Parkway makes hefty salary cuts

IPOs : Global IPO activity falls by more than half: E&Y report

Telechoice Terminates Joint Venture With Fortune Telecom Holdings Limited (Now Known As China Fortune Holdings Limited)

TeleChoice International Limited (“TeleChoice” or the “Company”), a leading regional provider of telecommunications solutions and services, announced that it is terminating its joint venture agreement with Hong Kong Exchange Main Board listed Fortune Telecom Holdings Limited (now known as China Fortune Holdings Limited) (“Fortune”).

TeleChoice and Fortune, through their Hong Kong incorporated joint venture – TeleFortune (China) Investments Limited (“TeleFortune”), had established a subsidiary in the PRC, Shanghai TeleFortune International Trading Co. Ltd (“Shanghai TeleFortune”), to provide logistics and fulfilment services for Nokia-branded mobile handsets to all Nokia-appointed outlets throughout the PRC.

TeleChoice will be exiting from the joint venture by selling all of its 16 million shares in the capital of TeleFortune (representing 40 per cent of the issued share capital of TeleFortune) (the “Sale Shares”), pursuant to the exercise of a put option (the “Put Option”) that was granted by Fortune to TeleChoice under a put option agreement dated September 4, 2007 (the “Put Option Agreement”).


Raffles Education
Setting Up New Subsidiaries In The People's Republic Of China

Main Board-listed Raffles Education Corporation Limited ("RafflesEducationCorp") announced that Langfang Development Zone Oriental University City Education Development Co., Ltd ("Langfang Education") and Langfang Development Zone Oriental University Higher Education Co., Ltd ("Langfang Higher Education"), wholly owned subsidiaries of the RafflesEducationCorp, each had respectively set up a new company in The People's Republic of China as follows with an issued share capital of RMB1 million and RMB0.5 million each respectively:-

- Langfang Development Zone Oriental Sentosa Hotel Co., Ltd, wholly owned by Langfang Education
- Langfang Development Zone Shenglong Property Management Services Co., Ltd, wholly owned Langfang Higher Education


Olam International Wins The Asset Corporate Governance Awards 2008

Olam International Limited (“Olam” or the “Group”), a leading global, integrated supply chain manager of agricultural products and food ingredients, has been ranked third in The Asset Corporate Governance Awards 2008 in Singapore.

As one of Asia's leading financial publications, The Asset assessed corporate governance standards based on The Combined Code Principles of Good Governance and Code of Best Practice derived by the magazine's committee on its final report and from the Cadbury and Greenbury Reports as well as the White Paper on Corporate Governance in Asia produced by the Organization for Economic Cooperation and Development. As part of its rigorous assessment process, issuers and investors, who constitute the bulk of The Asset's readership, are consulted in the process either through the Asset Benchmark Research or in the course of the Triple A selection.

Said Mr Sunny Verghese, Group Managing Director and CEO of Olam: “Both as a private company for the first 15 years and since listing in 2005, we have consistently sought to build upon our existing high standards of corporate governance and create a world class governance model that will help us achieve our over-arching philosophy of delivering strong and consistent financial performance with integrity. The Board supports the principles of transparency, openness, integrity and accountability. Member diversity in Board composition, clear division of responsibility between the Chairman and CEO, effective Board committees and Board processes has helped us win this recognition and we are deeply honoured to be acknowledged by The Asset in this regard.”


Notice Of Extraordinary General Meeting

An Extraordinary General Meeting of the shareholders of Inter-Roller Engineering Limited (the “Company”) will be held at 20 Benoi Crescent Singapore 629983, on January 16, 2009 at 3 p.m. for the purpose of considering and, if thought fit, passing the following resolution with or without any modifications:



(a) subject to the approval of the Accounting and Corporate Regulatory Authority, the name of the Company be changed to “Pteris Global Limited” and that the name “Pteris Global Limited” be substituted for “Inter-Roller Engineering Limited” wherever the latter name appears in the Company's Memorandum and Article of Association; and

(b) the Directors and any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) as they may consider necessary, desirable or expedient to give effect to this resolution as they may deem fit.


Announcement Of Appointment Of Executive Director

Sarin Technologies Ltd. (the "Company") announced the appointment of Mr Uzi Levami as Executive Director with effect from December 11, 2008. Mr Levami was one of the original founders of the Company and was involved in the early stages of the R&D efforts. Afterwards, Mr Levami continued leading many varied R&D efforts in capital equipment development for the semiconductor industry, culminating at the position of CEO at a spin-off start-up, which was subsequently sold to a leading US public company in that field. Following that sale, Mr Levami served as a director of business development for the aquiring US company, initially in the US and later back in Israel.

The Board of Directors believes that Mr Levami's extensive experience, related to both the R&D and business development in the capital equipment manufacturing arena will help focus the Company for the challenges of the current business climate.


StarHub Ltd (“StarHub” or the “Group”) is Singapore's fully-integrated info-communication company, offering a full range of information, communications and entertainment services for both consumer and corporate markets. StarHub operates Singapore's fastest two-way 3.5G mobile network that delivers up to 14.4 Mbps for downlink (with HSPA+ coming soon) to complement its nation-wide GSM network, and an island-wide HFC network that delivers multi-channel cable TV services (including High Definition Television and on-demand services) as well as ultra-high speed residential broadband services. StarHub also operates an extensive fixed business network that provides a wide range of data, voice and wholesale services.

Launched in 2000, StarHub has become one of Singapore's most innovative info-communications providers, and the pioneer in 'hubbing' - the ability to deliver unique integrated and converged services to all its customers. StarHub is listed on the main board of the Singapore Exchange since October 2004 and is a component stock of the Straits Times Index.

For the third quarter of 2008, the Group's operating revenue increased 2 per cent to S$525 million from S$513 million year-on-year (YoY). For the year-to-date (YTD), it recorded an 8 per cent growth or S$116 million to S$1,591 million. YTD, Mobile continues to be the major revenue contributor at 51 per cent. Pay TV, Broadband, Fixed Network Services and Sales of Equipment contributed 19 per cent, 12 per cent, 14 per cent and 5 per cent respectively to the mix.

 Date Open High Low Close Volume  
19 Dec 2008 1.940 1.950 1.930 1.940 748,000
18 Dec 2008 1.950 1.950 1.930 1.940 790,000
17 Dec 2008 1.950 1.970 1.920 1.920 2,040,000
16 Dec 2008 1.870 1.930 1.870 1.930 2,549,000
15 Dec 2008 1.810 1.920 1.810 1.870 2,624,000

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
Dividend Yield (%) d
52 Weeks Low
Market Cap (M)
Issued & Paid-up Shares c
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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