13 July 2009
Name Volume
GoldenAgr 788,766,000
Capitaland 173,246,000
EzionHldg 121,317,000
SingTel 118,733,000
Genting SP 115,314,000
Name Value
Capitaland 595,479,930
SingTel 367,209,704
DBS 339,227,911
CITYDEV 247,944,000
GoldenAgr 245,262,940
Name Price Chg
Shang Asia 2kHK$ 11.200 +0.600
Jardine C&C 19.260 +0.520
SIA 200 13.200 +0.360
SIA 13.140 +0.340
UOB 14.580 +0.320
Note: Weekly movement as at July 10, 2009
 
Singapore : Govt clears air over tax on property gains.
Singapore : Mega deal puts Rotary Engineering in big league.
Singapore : Singapore's diverse workforce is an asset.
Singapore : Finally, the hiring resumes.
Singapore : Banks' reputations bruised, but profits intact.
Singapore : Growing faster than other advanced economies.
Singapore : MAS caps unsavoury saga with selling bans on 10 FIs.
Singapore : The cane whistles but does it really hurt?
 

Transcu Group Limited
Transcu Concludes Successful Phase 2 Clinical Trial For Its Improved Active Transdermal Delivery Technology


Mainboard-listed company Transcu Group Limited, a life Sciences company that engages in the research, development and commercialization of cutting-edge technologies to improve the quality of life, announced that its wholly owned subsidiary, Dharma Therapeutics Inc (Darma) Seattle Washington had successfully completed a Phase 2 trial in the United State.

The trial shows improvement in active transdermal delivery technology, demonstrating safety and efficacy in reducing pain associated with insertion of an intravenous catheter. The product administers lidocaine and epinephrine through the skin via a mild electric current.

The Transcu Group Limited is a life sciences company which engages in the research, development, and commercialization of cutting-edge technologies to enhance and improve the quality of human life.

Details..


Hyflux Limited
Increased In Equity Interests In Lube Oil Re-refining Co., LLC, Jeddah


Hyflux Limited announced that its wholly owned subsidiary had increased its equity interests in Lube Oil Re-refining Co LLC (LUBREC) which is established in Jeddah, Saudi Arabia, and primary business is to collect, treat, and recover used oil to recovered base oil for sale in Saudi Arabia and globally.

The increase in the shareholdings increased from the initial 41.5 per cent to 83 per cent. This is done through the acquisition of all the shares from Saudi Economic and Development Company Ltd (SEDCO) for US $8.8 million. The consideration was arrived at a willing-buyer and willing-seller basis. The remaining 17 per cent of the issued shares in LUBREC will continued to be held by Abdullah M Yateem, the local partner and present general manager of LUBREC.

Hyflux is a technology solutions provider for its used oil recycling plants in Saudi Arabia, Singapore, and Taizhou, China.

Details...


Midas Holdings Limited
Midas Secures Additional Fabrication Contract Worth RMB48 Million


Mainboard listed Midas Holdings Limited announced that its Aluminium Alloy Division, Jilin Midas Aluminum Industries Co Ltd (Jilin Midas) has landed an aluminum alloy train car body fabrication contract worth RMB48 million.

The contract was awarded by Changchun Railway Vehicles Co Ltd. This contract involves the provision of fabrication and welding services for large component panels used in the flooring, sides, front, back and roofing of metro train cars.

In addition, this contract is expected to be fulfilled between the fourth quarter of 2009 and 2010.

Established in 2000, Midas is a leading manufacturer of aluminum alloy extrusion product products, primarily for the rail transportation sector in the PRC. The three business divisions are Alluminum, PE Pipe and Agency, and Procurement.

Details..


Mainboard-listed company Rotary Engineering Limited (Rotary) announced that they had secured a US$745 Engineering, Procurement and Construction contract to build a refinery tank farm in Saudi Arabia.

The contract was awarded to Rotary Engineering and its joint venture company Petrol Steel Co. Ltd by Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture between Saudi Arabian Oil Company (Saudi Aramco) and Total S.A. (Total) for its Jubai refinery.

The project is expected to produce 400,000 barrels per day. When completed, this export refinery will be one of the most advanced in the world and will refine crude oil into finished products for local and international markets.

Rotary is a leading provide of engineering, procurement, construction, and maintenance services supporting the oil and gas, and petrochemical industry.

This contract is one of 13 contracts awarded by SATORP. Rotary will provide a full range of engineering, procurement, construction activities involving 62 Atmospheric Storage Tank and eight Bullet Tanks. Moreover, the project will be divided into 2 parts - specifically, outside and within the Kingdom of Saudi Arabia.

Work designated outside the Kingdom amounting to US$384 million will be managed entirely by Rotary in Singapore. Similarly, the work amounting to US$361 within the Kingdom will be handled by Petrol Steel which is 51 per cent owned by Rotary Engineering Ltd. The work is due to start in August 2009 and expected to be completed by end 2012. News reports say that the construction of all the facilities for this refinery will be completed by the fourth quarter of 2012 and commercial operation of the facilities expected to start in March 2013.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
10 Jul 2009 0.780 0.785 0.755 0.760 22,403,000
09 Jul 2009 0.740 0.750 0.735 0.740 11,238,000
08 Jul 2009 0.720 0.735 0.700 0.735 7,358,000
07 Jul 2009 0.730 0.740 0.720 0.725 6,097,000
06 Jul 2009 0.720 0.735 0.715 0.720 7,608,000


FUNDAMENTALS
EPS ($) a
0.08955
Rolling EPS ($) e
0.07924
NAV ($) b
0.3703
PE
8.487
Rolling PE f
9.591
Price / NAV b
2.052
Dividend ($) d
0.023000
52 Weeks High
0.785
Cash Value ($)g
0.2805
Dividend Yield (%) d
3.026
52 Weeks Low
0.190
Price / Cash Valueg
2.709
Issued & Paid-up Shares c
567,839,000
Par Value ($)
n.a.
Market Cap (M)
431.558
Stock Categories
Oil & Gas
Index Components
FTSE ST All-Share / FTSE ST Industrials / FTSE ST Small 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 14/05/2009.
d Dividend is based on latest Full Year results announcement, adjusted for current number of shares 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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