9 March 2009
Name Volume
GoldenAgr 293,333,000
China Hongx 265,745,000
Capitaland R 261,589,000
Capitaland 230,671,000
Synear 215,823,000
Name Value
DBS 512,779,818
UOB 484,844,732
Capitaland 428,734,221
SingTel 408,104,190
OCBC Bk 230,641,594
Name Price Chg
Compact 0.010 +100.000
Centillion 0.010  +100.000
E3 Hldg 0.010 +100.000
NeteLusion 0.090 +80.00
Ossia 0.230 +76.923
Note: Weekly movement as at 6 March 2009
 
Singapore: Subsale deals pick up as investors bail out
New York : Stocks look cheap but expect more selling
Singapore : Building tender prices to ease 10-15 per cent his year: Consultant
Tokyo : Top bank CEOs to meet in London
London : Prudential pulls out of AIA auction
Singapore : Earnings forecasts cut on poor Q4 results
Singapore : Property stocks fall below previous trough
Shanghai : China to stare down crisis and grow 8%

Shanghai Asia Holdings
Shanghai Asia Post 35 per cent increase in FY2008 net profit to RMB94m on record revenue of RMB 844 M

Mainboard-listed Shanghai Asia Holdings Limited, a leading PRC-based provider of integrated packaging solution continues to shine with an impressive set of results for 2008. However, cautions against the prices for aluminum.

For the 12 months ended December 31, 2009, the group reported a 35 per cent increase in net profit to nearly RMB 94.0 million riding on a 204 per cent jump in revenue to RMB 843.8 million.

With the acquisition of Jiangsu Zhongji Lamination Materials Co. Ltd, the increase in the group revenue was primarily due to the consolidation of the revenue from their aluminum foil rolling business.

During the year under review, each of the business segment recorded a net profit except for the aluminum foil lamination business which incurred a lost of RM1.5 million.

The aluminum foil rolling business recorded total revenue of RMB 593.3 for FY2008, an increase of 47 per cent over the revenue of RMB402.7 million in FY2007. Sales of volume of aluminum foil products increased by 71 per cent to 19,393 metric tons from 11,357 mtons in FY 2007. This segment is now the largest business segment of the group, comprising of 65 per cent of the group's FY2008 revenue.

The forecast ahead for aluminum foil market is expected to be volatile and challenging. The group was reported to be actively preparing itself to weather through the economic crisis by proactively controlling costs and inventories, working closely and monitoring counterparty risks. Moreover, the group's key priorities are maintaining strong cash and financial position.

Details..

Darco Water Technologies
Darco Watter achieves record revenue of $96 million in FY2008 with growth acoss key segments

Mainboard listed Darco Water Technologies Limited (the company or Darco, or the Group), announced a record revenue of $96 million for its 2008 representing a 10 per cent year on year increase. This was primarily due to the completion of several industrial and two major municipal projects in Taiwan.

Darco Water Technologies develops innovative engineering and knowledge-based solutions to provide for all water and wastewater requirements across various industries. In cooperation with Kennicott, it completes the synergy in offering one of the most cutting edge water systems technological know-how and expertise with their combined experiences in the world of power, petrochemical, chemical and the energy sectors.

Their gross profit fell YOY by 21 per cent to $16.5 million due to an additional increase in construction costs incurred by the group's Taiwan subsidiaries. The group has made several claims for compensation. However, due to the uncertainty of the claims, the group made a one-off provision for impairment on trade receivable of $3.2 million.

Net profit in FY 2008 was a $3.5 million loss. Excluding the one-off provision and finance charge of $0.8 million, net profit would be a positive $0.47 million.

Within the context of the global economic crisis, the near team outlook for the group looks challenging and contracts are expected to slow down from core customers in the electronic and semi-conductor sector.

Details...


The Raffles Education Corporation Limited is listed on the mainboard of the Singapore Exchange. It is also the largest private eduction group in Asia. Since 1990, the Group has grown to operate three universities and 24 colleges across 10 countries in the Asia-Pacific region: Singapore, China, India, Indonesia, Vietnam, Malaysia, Thailand, Mongolia, Australia and New Zealand, with a total student population of over 33,000.

The Group owns the Oriental University City in Langfang, Hebei Province, China housed within a 3.31 million square metres self-contained campus. There are 14 colleges with 35,000 students.

The Raffles Education Corporation now ranks as one of the Top 200 Asia-Pacific companies on the Forbes Asia's "Best under a Billion" list for three consecutive years from 2006 to 2008.

It wholly-owned subsidiary, Raffles College of Design and Commerce ("RCDC" OR " the College") was commended for its commitment, quality and expertise of its teaching staff following an audit by the Australian Universities Quality ("AUQA").

Raffles College of Design and Commerce (Raffles College Pty Ltd) is a unique education provider based in Sydney, Australia. It specializes in design, visual communication and commerce. RCDC offers higher education and vocational programs from Masters Degrees through to Bachelor Degrees and Certificate courses. RCDC has been around for 30 years, and was formerly known as KvB Institute of Technology, before joining the Raffles Education Corporation in 2005.

RCDC was one of the first Non-Self Accrediting Institutions to take part in AUQA's current audit cycle. In addition, RCDC was also complimented for recognizing the potential contribution of audit findings towards raising the quality of all aspects of its operations. As part of the process, AUQA also visited two transnational campuses in Singapore, and Shanghai.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
06 Mar 2009 0.415 0.425 0.405 0.405 13,371,000
05 Mar 2009 0.435 0.450 0.430 0.435 9,487,000
04 Mar 2009 0.405 0.430 0.405 0.425 11,189,000
03 Mar 2009 0.375 0.415 0.365 0.400 16,966,000
02 Mar 2009 0.410 0.415 0.380 0.380 17,535,000


FUNDAMENTALS
Historial EPS ($) a
   0.04259 		Rolling EPS ($) e
   0.05445		 NAV ($) b
   0.1646
Historical PE
   9.392		 Rolling PE f
  7.346		 Price / NAV b
  2.430
Distribution ($) d
   0.042511		 52 Weeks High
  1.380		 Cash Value ($) g
  0.0327
Distribution Yield (%) d
   10.628		 52 Weeks Low
   0.345		 Price/Cash Value g
   12.232
Issued & Paid-up Shares c
   2,320,107,000		 Par Value ($)
  n.a.		 Market Cap (M)
   928.043
Stock Categories
   Education 		 
Index Components
   FTSE ST All-Share / FTSE ST Consumer Services / FTSE ST Mid Cap
   
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 06/02/2009 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.
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