 |
| Name |
Volume |
| China Hongx |
542,816,000
|
| GoldenAgr |
387,647,000 |
| UIC |
213,138,000 |
| HSI13200MBLePW090330 |
166,639,000 |
| HSI14000MBLeCW090330 |
147,645,000 |
|
 |
| Name |
Value |
| DBS |
385,659,308 |
| SingTel |
327,123,677 |
| UOB |
289,650,551 |
| UIC |
255,769,930 |
| Capitaland |
252,099,184 |
|
 |
| Name |
Price |
Chg |
| OUE |
12.500 |
+2.100 |
| OCBCCap3.93%Pref10 |
80.100 |
+1.100 |
| Venture |
4.920 |
+0.500 |
| JMH 400US$ |
17.300 |
+0.440 |
| Kep Corp |
4.370 |
+0.230 |
|
Note: Weekly movement as at 27 February 2009
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| |
| Singapore: CPFIS unit trusts, ILPs down 38% on average in '08 |
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| Singapore: S'pore is tops in industrial competitiveness |
|
| Singapore : 99,000 job losses seen in Singapore by next year |
|
| Singapore : Banks to muscle in on GE Money's turf |
|
| Singapore : Job ads for pros in S'pore dive 41% in Q4 |
|
| Singapore : 60% of Singapore-listed firms yield positive 10-year returns |
|
| Malaysia : Kuala Lumpur - M'sia confirms scrapping AirAsia airport plan |
|
| Malaysia : Kuala Lumpur - Foreign investment rules to be relaxed; NEP to stay |
|
| United States : Washington - Obama stares at eye-popping US$1.75 trillion Budget deficit |
|
| United Kingdom : London - RBS posts biggest loss in UK business history |
|
|
|
|
 |
 |
China Energy
China Energy Rakes In 29% Higher Sales In FY08 Despite Challenging 4th Quarter
China Energy Limited (China Energy or the Group) saw buoyant demand for dimethyl ether (DME), which lifted revenue by 29 per cent year-on-year (yoy) to RMB1.2 billion for the full year ended December 31, 2008 (FY08). The Group sold 55 per cent
more DME in FY08, or 298,700 tonnes as compared to FY07. Low methanol prices in 4Q08 enabled the Group to ramp up the capacity for DME. DME sale in 4Q08 of 96,400 tonnes was 43 per cent higher than the average of 67,400 tonnes across the first three quarters.
DME sales remained brisk and even continued to rise over the year, fall in prices of oil and liquefied petroleum gas (" LPG") in 4Q09 resulted in a stark fall in the DME ASP. Prices were on an uptrend for most of the year until they weakened to a ASP of RMB3,030/tonne for 4Q08.
Details..
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Sinopipe
Sinopipe Full Year 2008 Revenue Increased 23.3% To RMB 829.6 Million
Sinopipe Holdings Limited ("Sinopipe") and its subsidiaries (collectively the "Group"), who are engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings, reported a 23.3 per cent increase in revenue for the full year ended December 31, 2008 ("FY2008"). Revenue for FY2008 grew RMB 157.0 million, or 23.3 per cent to RMB 829.6 million, compared to RMB 672.6 million recorded in the previous corresponding year ("FY2007"). The higher revenue is mainly attributable to the growth in the water supply segment and the telecommunication and electrical segment. The water supply segment, in particular, recorded strong growth of RMB 481.3 million in sales in FY2008 compared to RMB 334.2 million in FY2007.
Gross profit increased 15.6 per cent from RMB 170.5 million in FY2007 to RMB 197.0 million in FY2008, in tandem with the rise in the Group's revenue. Gross profit margin, however, dipped from 25.3 per cent to 23.7 per cent year-on-year. This was mainly due to higher raw material costs incurred during the year.
Commenting on the Group's latest set of financial results, Mr Chen Li Hui, Chief Executive Officer and Executive Director of Sinopipe Holdings Limited said, "FY2008 was definitely a more challenging year compared to the previous years. Volatile raw material prices, particularly for PE (polyethylene) have resulted in a decline in our gross profit margin. In the new financial year, the Group will strive to proactively review and improve on our purchasing and cost containment strategies."
Details...
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Middle East Development Singapore
Announcement Of Appointment Of Non-Executive Chairman
Middle East Development Singapore Limited has announced the appointment of Ms Wang Yuzhu as a Non-Executive Chairman of the Company. Ms Wang, who has more than 16 years experience in building construction and real estate development industries, founded Yuhui Construction P/L and started her enterprise as a construction contractor in Harbin in 1992. In 1996, she embarked on real estate development business by establishing Tianyuan Real Estate P/L. Over the years, her group has developed residential properties with an aggregate built-up area of 200,000 square meters.
Details...
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Natural Cool
Natural Cool's FY2008 Revenue Increases To $123.1 Million
Natural Cool Holdings Limited ("Natural Cool" or the "Group"), a leading provider of integrated climate management, switchgear and interior fit-out solutions, reported a profit after tax of $2.3 million for the full year ended December 31, 2008 ("FY2008") on the back of a Group revenue of $123.1 million.
CEO of Natural Cool Holdings, Mr Steven Chen Choon Khee, said: "We achieved a growth in our topline for FY2008, notwithstanding the uncertain economic conditions.
"Our three core operations in Singapore, our major revenue contributor, continued to ride on the positive outlook of the local construction industry. With a prudent cost management strategy and a healthy order book of $70 million, we remain optimistic
for a smooth year ahead."
Details...
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Swiber
Swiber's Revenue Soars 183% To US$428.4 Million In FY2008
Swiber Holdings Limited ("Swiber" or together with its subsidiaries, the "Group"), a world class service provider to the offshore industry, reported robust earnings of US$39.5 million on the back of a 183.4 per cent jump in revenue to US$428.4 for the 12 months ended December 31, 2008 (FY2008).
The Group's revenue growth in FY2008 was fuelled by increased offshore EPCIC projects which comprise primarily of transportation and installation of offshore pipelines and platforms in Malaysia, Brunei, Indonesia and India. Earnings however were affected by higher cost of sales as well as administrative and finance costs.
On a three-month basis, Swiber reported a 68.5 per cent rise in revenue to US$102.9 million for the quarter ended December 31, 2008 (4QFY08) underpinned by its offshore EPCIC projects. The Group however posted a net loss after tax of US$11.3 million in the latest quarter, versus a net profit of US$20.2 million a year ago. This was due largely to delays in project completions as a result of delayed delivery of vessels.
Details...
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Qian Feng
Qian Feng FY2008 net profit up 31% to RMB113m
Qian Feng Fabric Tech Limited ("Qian Feng" or the "Group"), a leading integrated manufacturer of high quality synthetic functional fabrics in China, has announced its first annual results after IPO for the year ended December 31, 2008 with a 43.4 per cent jump in revenue to RMB467 million and 31.4 per cent growth in profit attributable to shareholders to RMB113 million. Earnings per share were 38.95 RMB cents.
"Despite the generally challenging manufacturing environment in the past year, the Group managed to grow its sales and improve profit margins. Our strategy of focusing on developing and marketing high quality functional fabrics has been successful and bears fruits." Mr Lin Daoqin, Chairman and CEO of the Group said.
Details...
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Epure
Epure's Integrated Business Model Drives Revenue Above RMB1 B Mark In FY08
The careful execution of its strategy to enhance its capabilities and product offering across the water treatment value chain pushed the Group revenue of Epure International Ltd (Epure, the Group) beyond the billion-yuan mark in the 12 months ended December 31, 2008 (FY08). The RMB1.025 billion worth of receipts achieved in FY08 was also 47 per cent higher than that in the previous year.
Improved earnings from the turnkey projects and services division as well as the maiden contribution from Beijing Hi-Standard Water Treatment Equipment Co., Ltd (Hi-Standard), the Group’s customised environmental equipment fabrication arm, lifted Epure’s net attributable profit by 41% year-on-year (yoy) to RMB231.6 million in FY08.
Details...
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NEW - FOCUS Investment
Seminar Series:
Market Outlook for 2009
Date: 7 th March 2009
Featuring keynote speakers from various Listed Companies & Mr. Song Seng Wun of CIMB-GK.
Click here to register now!
Limited seats available!
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