24 Aug 2009
Name Volume
GoldenAgr  676,422,000 
Genting SP  485,492,000 
MDR  334,662,000 
Seroja  305,850,000 
Abterra  259,156,000 
Name Value
DBS  474,800,033 
Genting SP  435,488,225 
Capitaland  372,452,701 
GoldenAgr  321,812,125 
SingTel  271,323,370 
Name Price Chg
BMT 100  13.000  +1.100 
Thai Prime200US$  5.660  +1.060 
Hyflux  2.880  +0.260 
APB  12.000  +0.180 
Ho Bee  1.280  +0.170 
Note: Weekly movement as at Aug 24, 2009
 
Singapore : Singapore blue chips show their true colour.
Singapore : GIC gives UBS share sale a miss.
Singapore : DC rates poised to change amid churn.
Singapore : Auditors' failings called to account.
Singapore : Mass-market site draws strong developer interest.
Singapore : No timetable to name new Temasek CEO.
Singapore : Calls to reset code on corporate governance.
Singapore : Stanchart is first bank to open at ION Orchard.
 

Swiber Holdings Limited
Swiber strengthens Malaysian presence


Swiber Holdings Limited (Swiber) announced that they will be collaborating with Alam Maritim Resources Berhad (AMRB) to tap offshore construction opportunities in the offshore market in Malaysia. AMRB is a Malaysian-listed established offshore marine transportation services provider.

Swiber and AMRB signed a Memorandum of Understanding (MOU) on August 19, 2009. Under this MOU, both parties will jointly own and operate a pipelay bare as well as exclusively provide offshore installation and construction activities in the territorial waters of Malaysia using the barge.

As at June 30 2009, Swiber's operating fleet size stands at 41 vessels comprising of 31 offshore vessels and nine construction vessels. The Group will continue to focus on enhancing the strength and quality of its fleet and target 51 operational vessels by the end of 2010.

Details..


Hyflux Limited
Japan Bank for International Corporation and Hyflux signs MOU for global water projects for collaboration


Listed company Hyflux Limited and the Japan Bank for International Corporations (JBIC) signed a Memorandum of Understanding (MOU) for global collaboration on water projects.

This MOU examines the various opportunities of cooperation in water projects in the Middle East, North Africa, China, and India. The main purpose of the MOU is to look at areas where JBIC will provide financing for Hyflux's water projects. This will also involve Japanese equipment suppliers or investors.

The financing may include debt finance, guarantees, and equity investment (e.g. investments in funds). JBIC has increased its support for Japanese firms doing business overseas.

The MOU will foster closer ties between Hyflux and Japanese firms. It will provide the opportunity for the expansion of more high-quality water projects.

Details..


MEGACHEM registers first half net profit of $0.8m in a weaker economic climate

Listed company MegaChem announced a net profit of $0.8m for the half year ending June 30, 2009(1HFY 2009). This represents a net increase of 8.4 per cent from the second half of 2008 and decrease of 48.5 per cent from the same period last year.

The global economic downturn affected the group revenue for the first half of the year. The process of customers' de-stocking kicked in particularly in the months of December, January, and February. However, the group saw positive developments in some of the markets including Australia with $0.5 million or 61.1 per cent growth and its middle east, China and Vietnam all recording similar sale compared to the previous period under review (1HFY2008).

The Group's manufacturing operation registered lower sales of $0.3m or 19.9 per cent due to a cutback in orders for custom blending in 1HFY2009.

Gross profit margin of 21.3 per cent stayed relatively stable as compared to the 2HFY2008. It increased marginally compared to 1HFY2008 as the result of lower sales to an associated company in the period under review. Gross profit decreased by $1.1m or 14.1 per cent to $6.8m in 1HFY2009. The Group profits before tax tell 41.8 per cent to $1.1 million in 1HFY2009. Compared to 2HY2008, the profit before tax remained flat at $1.1 million due to lower expenses.

MegaChem has integrated the manufacturing of specialty chemicals and its own range of products into their business model. Established in 1988, MegaChem Is a one-stop specialty chemical solutions provider with distribution network including Singapore, Malaysia, Indonesia, Thailand, Philippines, Shanghai, Beijing, Vietnam, India, Middle-east and the United Kingdom covering markets in ASEAN, South Asia, North Asia, Middle East, Europe, America and Australia markets.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
21 Aug 2009 0.200 0.200 0.190 0.190 23,000
20 Aug 2009 0.190 0.190 0.190 0.190 3,000
19 Aug 2009 0.210 0.210 0.200 0.210 5,000
18 Aug 2009 - - - - -
17 Aug 2009 - - - - -


FUNDAMENTALS
EPS ($) a
0.01656
Rolling EPS ($) e
0.01092
NAV ($) b
0.2370
PE
11.473
Rolling PE f
17.399
Price / NAV b
0.802
Dividend ($) d
0.004000
52 Weeks High
0.235
Cash Value ($)g
0.0500
Dividend Yield (%) d
2.105
52 Weeks Low
0.150
Price / Cash Valueg
3.800
Issued & Paid-up Shares c
133,300,000
Par Value ($)
n.a.
Market Cap (M)
25.327
   
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 12/08/2009.
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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