19 January 2009
Name Volume
GoldenAgr 429,419,000
HSI15800MBLeCW090226 168,122,000
SingTel 128,192,000
Noble Grp 122,095,000
JurTech 120,783,000
Name Value
DBS 819,450,314
SingTel 322,404,511
UOB 256,457,673
Capitaland 226,737,180
OCBC Bk 208,263,252
Name Price Chg
Jardine C&C 10.820 +0.720
OCBC Bk RBePW090403 1.530 +0.270
HSI20000BNPePW090330 1.390 +0.270
WBL Corp 3.760 +0.260
STI 2100SGAePW090129 0.485 +0.210
Note: Weekly movement as at 16 January 2009
 
Singapore: PSA container volumes up 7.3% in 2008
Singapore: S'pore GDP to fall 4.5% in 2009: Deutsche Bank
Malaysia : Kuala Lumpur – Tourist arrivals up 5.1% in ‘08
Malaysia : Kuala Lumpur – M'sia may slip into recession in Q1, says Citigroup
Indonesia : Jakarta – Indonesia to raise budget deficit above 1.5%
China : Beijing – 3G licences drive up China telecom-related stocks
United States : Washington – Global mergers to remain subdued after 28% fall in ‘08
SingTel : SingTel aims for a head-start in high speed broadband
SGX : SGX eases measures for rights issues
CapitaLand : CapitaLand saves $1.5m with green initiatives

BreadTalk
Joint Venture Agreement By BreadTalk Group Limited With Sanpou Co., Ltd. For The Establishment Of Joint Venture Companies


The Board of Directors of BreadTalk Group Limited ("the Company") announced that the Company has entered into a joint venture agreement ("JV Agreement") with Sanpou Co., Ltd. ("Sanpou"), a company incorporated in Japan and having its registered address at 1830-1 Toppara, Nishi-ku, Niigata City, 950-1115 Japan on January 12, 2009 in connection with the incorporation of joint venture companies (each a "JV Company," and collectively, the "JV Companies").

Sanpou is a Japanese food and beverage group engaged in the restaurant chain business in Japan. It has more than 40 years of history and 37 restaurants in Japan offering Japanese, Chinese and European dining concepts.

The JV Agreement allows the parties to leverage on each other's strength to develop a seriesof Japanese ramen and family restaurants owned and operated exclusively by the JV Companies in such territories to be agreed upon by the parties, which territories shall not include Japan.

Details..


Design Studio
Design Studio Ends 2008 With Order Book At $195 Million


Design Studio Furniture Manufacturer Ltd ("Design Studio" or the "Group"), Singapore's leading premier furniture manufacturer, product and interior fitting-out specialist, ended 2008 on a high with an order book of S$195 million.

The Group successfully secured new orders from projects in Singapore, Middle East and Thailand, reflecting its continued strategy to expand and diversify its business globally.

Amongst these new projects include the supply of joinery products such as fire rated doors, sliding doors, wardrobes and vanities for 716 guest rooms and suites in Hotel Tower 1 of the prominent Marina Bay Sands Integrated Resort. This contract came from DDS Contracts & Interior Solutions Pte Ltd which was the JV company set up by Depa United Group and Design Studio to undertake ID Fit-Outs to hotels and commercial projects in Singapore.

Details...


WBL
Wearnes' Partnership With Affiliate Of Gic Real Estate Pte Ltd Terminated


WBL Corporation Limited (“Wearnes”) announced that the conditional joint venture agreement entered into with an affiliate of GIC Real Estate Pte Ltd (“GIC RE”) to undertake a mixed development of a prime retail mall, commercial and residential project in Shenyang, China has been terminated.

In communicating its decision not to continue with the joint venture, the GIC RE affiliate, Reco Shenyang Private Limited (“Reco”), cited the reason of the non-fulfilment of certain conditions set out in the joint venture agreement, by December 31, 2008.

Under the terms of the joint venture agreement, the allotment and issue of subscription shares of the joint venture company to Reco was to be completed by December 31, 2008. However, due to a delay related to the land auction process by the local Land Bureau, this could not be completed by the said date.

Mr Tan Choon Seng, Wearnes Group CEO said, “We are disappointed that the partnership with GIC Real Estate for this project has been terminated, but we hope to be able to explore the possibility of working together with them in the future. With Property being now a major business division within Wearnes, we are exploring several alternatives to ensure the success of the Shenyang project.” The 33,473 sqm project site is located along Qingnian Avenue in Shenyang, in what is known as “the Golden Corridor” of the city.

Details...


Advance SCT
Specific Scope Review Of The Company's Subsidiaries Incorporated In Malaysia


Pursuant to the announcement dated 27 November 2008 Messrs. Ernst & Young conducted a special audit of the Company's subsidiaries incorporated in Malaysia, namely, TTM Industries (M) Sdn. Bhd. and Tsing Technologies (M) Sdn. Bhd. (collectively the "Malaysian Subsidiaries").

Based on the findings of the special audit, Messrs. Ernst & Young Advisory Services Sdn. Bhd. were appointed to carry out a specific scope review (the "Specific Review)) of the Malaysian Subsidiaries. The scope of this Specific Review is to determine whether the transactions recorded in the books of the Malaysian Subsidiaries in relation to selected debtors and fixed assets are properly substantiated with supporting documents and appropriately recorded. The Specific Review will cover the six months period ended June 30, 2008.The Specific Review is currently still in progress.

The Company will keep the shareholders informed of the progress of the Specific Review. Meanwhile, shareholders are requested to trade in the Company's shares with caution.

Details...


Inter-Roller
Results Of Extraordinary General Meeting Held On 16 January 2009


The Board of Directors of Inter-Roller Engineering Limited (the "Company") announced that the special resolution relating to the proposed change of name of the Company to "PTERIS GLOBAL LIMITED" as set out in the Notice of Extraordinary General Meeting ("EGM") dated December 19, 2008 was duly passed by the shareholders of the Company at the EGM held on January 16, 2009.

The change of name has been lodged with the Accounting & Corporate Regulatory Authority ("ACRA") and pursuant to the lodgment, the Company shall be known as "PTERIS GLOBAL LIMITED" from January 16, 2009.

Details...



Design Studio is Singapore's leading Furniture Manufacturer, Product and Interior fitout Specialist, and has three complementary and versatile core businesses that yield positive outcomes in a wide spectrum of residential and commercial developments across major countries around the world.

The core business are the supply and installation of manufactured furniture products to private residential developments, interior fit-out services to hospitality and commercial projects and distributorship of renowned imported brand names and exporting two premium in-house brands to overseas markets.

In addition, Design Studio's core competitive advantage as a specialist in the area of paneling and thermoformed products provides its clients with relevant advice on designs, material usages and costing during the planning stage of the project, right through to final execution.

With high-end luxury projects like the Burj Dubai, Trump International Hotel (US), St. Regis Hotel (Singapore) and Ritz Carlton Hotel and Apartments (in the Dubai International Financial Centre) under its belt, Design Studio has created a niche in the premiere segment of this industry.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
16 Jan 2009 - - - - 0
15 Jan 2009 0.180 0.180 0.180 0.180 50,000
14 Jan 2009 0.180 0.180 0.180 0.180 50,000
13 Jan 2009 0.185 0.185 0.180 0.180 70,000
12 Jan 2009 - - - - 0


FUNDAMENTALS
Historial EPS ($) a
  0.03432
Rolling EPS ($) e
  0.03444
NAV ($) b
  0.1684
Historical PE
   5.245
Rolling PE f
  5.226
Price / NAV b
  1.069
Dividend ($) d
  0.015000
52 Weeks High
  0.570
Par Value ($)
  n.a.
Dividend Yield (%) d
   8.333
52 Weeks Low
  0.130
Market Cap (M)
   45.923
Issued & Paid-up Shares c
   255,126,000
 
   
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 12/08/2008. 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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