16 March 2009
Name Volume
China Hongx 446,057,000
GoldenAgr 372,656,000
Chartered 189,605,000
HSI12200MBLeCW090429 182,840,000
RafflesEdu 180,549,000
Name Value
UOB 476,702,445
DBS 443,905,783
SingTel 264,258,122
Capitaland 219,822,054
OCBC Bk 201,953,170
Name Price Chg
DBXT FTChina25 10US$ 18.460 +1.640
Jardine C&C 9.800 +0.800
Lyxor China H 10US$ 9.560 +0.720
DBXT MSTaiwan 10US$ 9.560 +0.600
STXPO 100 8.450 +0.600
Note: Weekly movement as at 13 March 2009
 
Singapore: SGX lowers age limit to open CDP account
Singapore: Singapore is top Asian nation in travel and tourism
Singapore : Alarm bells as SGX says it will probe leaks
Malaysia : Kuala Lumpur - Mixed reactions to RM60b second stimulus
South Korea : Seoul - Seoul plans US$20b Budget boost
China : Beijing - Beijing rules out free shopping vouchers
China : Beijing - China shocks with 26% export plunge
United States : Washington - Geithner pledges to cut budget deficit by half
United States : Washington - Freddie Mac posts US$50b loss, seeks US$31b aid
United Kingdom : London - Hedge fund makes killing shorting UK banks

Star Pharmaceutical
High-New Technology Enterprise Award

SGX Mainboard-listed STAR Pharmaceutical Limited ("STAR" or the "Company"), an award-winning specialist in the Research and Development ("R&D"), manufacture and sales of both Western and TCM-formulated prescription drugs, announced that its wholly-owned principal operating subsidiary, Hainan STAR Pharmaceutical Co. Ltd. ("Hainan STAR"), has been accorded the coveted High-New Technology Enterprise ("HNTE") certification by the Hainan provincial authorities.

A company qualifying as HNTE is entitled to a preferential tax rate of 15 per cent, which is a very attractive tax benefit representing a tax rate that is 40 per cent lower than the normal tax rate of 25 per cent. Hainan STAR will enjoy the low tax rate for a period of 3 years starting from FY2009.

The HNTE Certification is only awarded to qualified enterprises that meet the provincial government's strict requirements and standards in areas such as R&D, proprietary intellectual property, qualified products/services, technology staff and sales revenue. The HNTE accreditation is valid for three years and renewable as long as Hainan STAR continues to meet ongoing criteria.

Details..

Mermaid Maritime
Mermaid Expands Subsea Services Into Middle East

Mermaid Maritime Public Company Limited ("Mermaid") announced that its wholly owned subsidiary Mermaid Offshore Services Ltd. ("MOS"), one of the region's leading provider of subsea engineering services to the offshore oil and gas industry, has secured a contract with the National Petroleum Construction Company in Abu Dhabi to provide subsea construction support with air and saturation diving services and remotely operated vehicles ("ROV") in the Persian Gulf from the DP2 Dive Support Vessel 'Team Siam'. The contract was won through its strong alliance with local Qatari based Subtech Qatar Diving and Marine Services LLC.

This latest project, which has already commenced, will be for 90 days and has a contract value of approximately US$10 million. It is also Mermaid's first subsea project in the Middle East, and adds to Mermaid's geographical expansion of its subsea services beyond South East Asia. In 2008, Mermaid expanded its subsea services to include India, China and Sakhlin.

Details...

Natural Cool
Natural Cool To Synergise Core Operations Under One Roof

Natural Cool Holdings Limited ("Natural Cool"), a leading provider of integrated climate management, switchgear and interior fit-out solutions, held the official opening ceremony for its new Corporate Headquarters, Natural Cool Lifestyle Hub, at Tai Seng Avenue on March 10, 2009.

Natural Cool's new Coporate Headquarters at Tai Seng Avenue, Singapore's first lifestyle hub, was built at an estimated cost of $30 million, on a land area of about 7,918 square metres. Natural Cool's new offices will bring together the Group's core operations of air-conditioning, switchgear and interior fit-out solutions under one roof, thereby providing greater synergies in the Group's operations.

Details...

Hyflux
Banking Facilities - Tianjin Dagang Desalination Plant, China

Hyflux Limited ("Hyflux") announced that its wholly owned subsidiary, Tianjin Dagang Newspring Co Ltd, had on March 11, 2009 entered into a loan agreement with Bank of China Limited, Tianjin Dagang Branch with respect to a loan facility of RMB617 million for a tenure of 15 years.

The loan proceeds will be used to finance the development, construction and start up costs of the 100,000 m3/day seawater desalination plant in Dagang City, Tianjin Province. The plant is expected to be operational in the 2009 financial year upon which one of the Hyflux operations and maintenance subsidiaries will undertake the operation and maintenance work for a period of 30 years.

Details...


Rickmers Maritime is a Singapore business trust ("Trust") formed to own and operate containerships under long-term, fixed-rate charter contracts to leading container liner shipping companies including A.P. Moller-Maersk A/S, CMA CGM, Italia Marittima S.p.A., Mitsui O.S.K. Lines, Ltd., and Hanjin Shipping Co. Ltd. Its objectives are to offer first class services to its customers, grow the fleet, provide stable and growing cash flows and maximise value for its unitholders.

Managed by Rickmers Trust Management Pte. Ltd. ("Trustee-Manager"), the Trust aims to provide its unitholders with regular quarterly cash distributions, while reinvesting a portion of its operating cash flow, to ensure long-term growth and sustainability of the Trust. Rickmers Maritime is sponsored by the Rickmers Group, which is based in Hamburg, Germany. Rickmers Group was founded and is controlled by Mr. Bertram R.C. Rickmers, whose family has 175 years of experience in the shipping industry.

HISTORICAL PRICE DATA
 Date Open High Low Close Volume  
13 Mar 2009 0.335 0.340 0.330 0.340 302,000
12 Mar 2009 0.340 0.340 0.335 0.335 125,000
11 Mar 2009 0.340 0.340 0.335 0.340 136,000
10 Mar 2009 0.340 0.340 0.335 0.335 93,000
09 Mar 2009 0.340 0.355 0.340 0.340 135,000


FUNDAMENTALS
Historial EPU ($) a
   0.11235		 Rolling EPU ($) e
  -		 NAV ($) b
   1.1352
Historical PE
   3.03		 Rolling PE f
  -		 Price / NAV b
  0.300
Distribution ($) d
  0.122878		 52 Weeks High
  1.200		 Par Value ($)
  n.a.
Distribution Yield (%) d
   36.141		 52 Weeks Low
  0.330		 Market Cap (M)
   144.050
Issued & Paid-up Shares c
   423,675,000		  
   
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 12/02/2009. 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.
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