2 March 2009
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
Singapore: CPFIS unit trusts, ILPs down 38% on average in '08
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.


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."


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.


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."


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.


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.


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.


NEW - FOCUS Investment
Seminar Series:
Market Outlook for 2009

7th March 2009

Featuring keynote speakers from various Listed Companies & Mr. Song Seng Wun of CIMB-GK.

Click here to register now!
Limited seats available!

Established since 1994, Sinopipe Holdings Limited and its subsidiaries ("Sinopipe" or the "Group") are primarily engaged in the design, manufacture, distribution and installation of a variety of plastic pipes and pipe fittings for use in various types of piping systems and networks in applications such as drainage and sewerage, water supply, telecommunication, power supply, water-saving irrigation and gas supply.

The Group has 10 production facilities located across the People's Republic of China (the "PRC"), namely in Fuqing, Chengde, Kaifeng, Hubei, Inner Mongolia, Chongqing, Beijing, Guizhou, Chengdu and Heilongjiang. Sinopipe sells its products through a distribution network comprising a total of eight subsidiaries, nine branch offices, three independent provincial distributors and various independent sub-distributors with smaller geographical coverage within the PRC. The group's subsidiaries, branch offices, independent provincial distributors and independent sub-distributors have been assigned territorial boundaries within which to conduct sales and marketing of our products. This allows them to consistently serve the same group of customers so as to better understand their needs and changes in the market demand. The Group's revenue is primarily generated from sales of its products in the PRC domestic market.

The Group's products are sold to its customers under its registered brand names of "Aton" and "SUN". Its products marketed under its "Aton" brand are targeted at the higher-end market. Some of the Group's products are sold under its "SUN" brand and are mainly catered for customers from the rural areas or projects with lower budgets. Sinopipe provides both on-site and off-site installation services for projects that require its expertise in installation when requested by its customers. In order to assure customer satisfaction of our products, Sinopipe also provides after-sales services and technical support to its customers.

 Date Open High Low Close Volume  
27 Feb 2009 0.085 0.085 0.080 0.080 220,000
26 Feb 2009 0.085 0.085 0.080 0.080 484,000
25 Feb 2009 0.090 0.090 0.085 0.085 903,000
24 Feb 2009 0.080 0.080 0.075 0.075 693,000
23 Feb 2009 0.085 0.085 0.085 0.085 120,000

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Distribution ($) d
52 Weeks High
Cash Value ($) g
Distribution Yield (%) d
52 Weeks Low
Price/Cash Value g
Issued & Paid-up Shares c
Par Value ($)
Market Cap (M)
Stock Categories
Index Components
   FTSE ST Fledgling
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 25/02/2009 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.
  Dividend is based on latest Full Year results announcement, adjusted for current number of shares and excludes special dividend.

Disclaimer: Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, neither the publishers, authors and their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever caused. We shall not be liable for any actions taken based on the views expressed, or information provided within this publication. Information within this publication should not be taken or construed as an offer of, or the giving of, advice to buy or sell securities. The publishers, its associated companies and their officers, directors, employees may own or may have owned or have positions in the securities mentioned or reported in this publication, and may from time to time, add on to or dispose such securities. You should always seek your own professional advice from the appropriate advisor or institution. No part of this publication may be reproduced, stored, transmitted in any form of by any means without the permission of the Publisher.
ShareInvestor Pte Ltd 158 Cecil Street #08-03 Dapenso Building S(069545)
Tel: (65) 62208807 Email: admin@shareinvestor.com