05 January 2009
Name Volume
GoldenAgr 175,489,000
HSI15000MBLeCW090129 103,224,000
CoscoCorp 95,620,000
StraitsAsia 75,075,000
Noble Grp 60,304,000
Name Value
DBS 238,814,990
SingTel 131,874,375
UOB 128,612,000
CoscoCorp 93,183,670
OCBC Bk 88,204,690
Name Price Chg
UOB 5.05%NCPS 100 93.540 +3.440
GLD 10US$ 86.280 +2.780
OCBC Bk 4.5%NCPS 100 83.000 +2.600
OCBC Bk 5.1%NCPS 100 91.580 +1.700
OCBCCap 5.1%NCPS 100 87.400 +1.600
Note: Weekly movement as at 02 January 2009
 
United States: New York – US stocks in steepest post-Depression fall
United States: New York – US IPO market headed for hard times
Singapore : Lower dividends on the cards as earnings wither
Singapore : Spring Singapore offers cheaper loans
Malaysia : Kuala Lumpur – Malaysia may spend more to boost economy in 2009
Indonesia : Jakarta – Yudhoyono plans stimulus for economy
China : Shanghai – New Shanghai measures to boost property market
Cortina : Cortina hit by $7.9m watch theft
SGX : SGX plans new options contract, seeks feedback

Cosco : Cosco warns of lower full-year profits

Sun East
Sun East's Executive Chairman Mr Philip Chung Steps Down Due To Health Reasons


Sun East Group Limited ("Sun East" or the "Group"), a leading consumer brand development and management group in the People’s Republic of China ("PRC"), announced the resignation of Mr Philip Chung as Executive Chairman with effect from 29 December 2008 due to health reasons. Mr Philip Chung founded the Group in February 1999 and was responsible for the overall strategic planning and business development of the Group.

The Group also announced the appointment of its Executive Director and Chief Executive Officer Ms Jennifer Shum as its Executive Deputy Chairman with immediate effect. Ms Shum will be assuming the duties and responsibilities of the Group’s Executive Chairman till the appointment of the new Executive Chairman.

Details..


Cosco
Profit Guidance


Taking into consideration the developments since October 1, 2008, the Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") has considered it appropriate to issue a profit guidance with respect to the consolidated financial results of the Company for the financial year ending December 31, 2008.

The Directors are of the view that the Company’s consolidated financial results ending December 31, 2008 will show lower profits as compared to the consolidated financial results for the financial year ended December 31, 2007.

Details...


Nippecraft
Appointment Of Non Executive Independent Director


The Board of Directors of Nippecraft Limited ("the Company") announced the appointment of Mr See Kian Heng as Non Executive Independent Director.

Mr. See Kian Heng is a Singapore citizen and graduated from the Hull University, UK with MBA (Finance), and Edith Cowan University, Australia with BA (Accounting). His professional qualifications include Certified Practising Accountant (CPA) accredited by CPA Australia; Full Member of the Singapore Institute of Directors (MSID); and Ordinary Member of Marketing Institute of Singapore (MMIS).

Details...


Gems TV
Gems TV Announces Cost Reduction Exercise


Gems TV Holdings Limited ("Gems TV" or the "Group") announced on December 31, 2008 a comprehensive cost reduction exercise aimed at achieving sizable savings in operational costs and expenses, amidst the continuing global economic crisis.

Effective January 1, 2009, Mr Tony Hillyer, who joined Gems TV in 2007 and has been Group Chief Operating Officer ("COO") since early 2008, takes over from Mr Jason Choo as Chief Executive Officer ("CEO"). Mr Choo, the largest individual shareholder of Gems TV with a 20.46 per cent stake, will assume the role of Non-Executive Chairman, providing input on strategic decisions.

Mr Choo said: "We continue to experience challenging trading conditions in our key markets in the UK and the US, and are taking decisive action to reduce costs across all parts of the business. As part of these measures, I am stepping down as CEO, in order to reduce overall salary costs. Tony has been running the business on a day-to-day basis since the beginning of 2008, and has enhanced our visibility among customers and worked to improve our product offering. I am confident that he will be able to lead Gems TV through the current downturn and continue to reinforce our brand, in anticipation of an eventual economic recovery."

In addition, Gems TV announced that it will reduce its global workforce by around 35 per cent from 1700 to 1100 employees. In line with reduced overall product demand, Gems TV will reduce its Thai-based workforce by approximately 41 per cent, eliminating about 517 jobs in recent weeks as it focuses its internal production on higher value product.

Details...


Ezion
Promotion Of Key Executives


The Board of Directors (the "Board") of Ezion Holdings Limited (the "Company") announced the promotion of the following key executives effective from January 1, 2009:-

  1. Mr Cheah Boon Pin, who has been with the Company as Group Financial Controller since June 2007, has been promoted to the position of Chief Financial Officer.
  2. Mr Poh Leong Ching, who has been with the Company as Commercial Manager since March 2007, has been promoted to the position of Chief Commercial Officer.

Details...



Hyflux Ltd began in 1989 as Hydrochem (S) Pte Ltd, a trading company selling water treatment systems in Singapore, Malaysia and Indonesia and later, China. A little more than a decade later, Hyflux Ltd became the first water treatment company to be listed on the Singapore Stock Exchange in January 2001. Today, Hyflux has grown beyond just a water treatment company. It is recognised as Asia’s leading environmental company with operations and projects namely in Singapore, China, the Middle East & North Africa and India.

Specialising in membrane technologies, Hyflux is an integrated solutions provider offering services that include design development, pilot testing, systems integration, and engineering, procurement and construction. It is also engaged in the commissioning, operation and maintenance of a wide range of water and liquid treatment systems on a turnkey or Design-Build-Own-Operate (DBOO) arrangement.

Backed by its membrane and materials research centre in Singapore, the largest in Asia outside of Japan, Hyflux ensures that development of cutting-edge membrane technologies is the key driver to spearhead sustainable company growth. Through in-house research or in collaboration with reputable institutions worldwide, Hyflux leverages on its technologies to develop a comprehensive range of membrane products (polymeric, stainless steel and ceramic) and membrane systems, to provide an environmentally-friendly solution to a wide range of applications in water treatment and industrial manufacturing processing. With the use of its proprietary membranes, Hyflux has also moved into the field of clean energy in environmental applications such as the recycling of spent oils and solvents, as well as in the production of bio-based materials such as lactic acid and biodegradable plastics.

Hyflux’s outstanding performance has been widely recognised. In 2006, Hyflux was awarded Water Company of the Year at the Global Water Awards, by the Global Water Intelligence, United Kingdom. Hyflux was twice listed as Forbes Asia’s Best Under a Billion Company in 2005 and 2006.

Moving ahead, Hyflux key growth lies in the development of cutting-edge technologies and strong operational and financial capabilities. Focusing on these strategies and continuous emphasis on research and technology development and acquisition, Hyflux is poised to extend its reach to the growing markets in China, India, the Middle East & North Africa and Asia Pacific.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
02 Jan 2009 1.780 1.830 1.750 1.810 456,000
31 Dec 2008 1.760 1.790 1.750 1.790 292,000
30 Dec 2008 1.740 1.780 1.700 1.730 1,266,000
29 Dec 2008 1.760 1.780 1.760 1.760 335,000


FUNDAMENTALS
Historial EPS ($) a
  0.06274
Rolling EPS ($) e
  0.13064
NAV ($) b
  0.53790
Historical PE
  28.849
Rolling PE f
 13.855
Price / NAV b
 3.365
Dividend ($) d
  0.018900
52 Weeks High
 3.720
Par Value ($)
  n.a.
Dividend Yield (%) d
  1.044
52 Weeks Low
 1.110
Market Cap (M)
  950.596
Issued & Paid-up Shares c
  525,191,000
 
   
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 06/11/2008.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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