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Straits Times 3,114.16 -11.98 -0.38%
Hang Seng 26,719.58 -128.91 -0.48%
Dow Jones 26,770.20 -255.68 -0.95%
Shanghai Composite 2,938.14 -39.19 -1.32%
Daily Bulletin – 19/01/09
Daily Bulletin | 19 January 2009
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Ban Joo In Mandatory Unconditional General Offer By Telemedia Pacific
Telemedia Pacific has made a mandatory unconditional general offer to acquire all the shares of Ban Joo & Company at $0.01 per share, after having subscribed successfully for 50.72% equity interest in Ban Joo for $23m.

Sinotel Clinches Rmb32.8m Contract From China Unicom
Sinotel Technologies has won the contract for the development of a Network Optimization & Business Analysis System for China Unicom in 6 major locations worth a total of Rmb32.8m.

DMX Signs Breakthrough Managed Security Services Deal With Anhui Telecom
DMX Technologies has signed a strategic Managed Security Services agreement with Anhui Telecom, a unit of China Telecom Corporation to be the latter’s outsourcing partner and provide critical services to its telecom customers.

Lion Asiapac Defers Expansion Of Limestone Processing Business
Lion Asiapac has held back its construction of Phase 2 of the limestone processing plant in Banting, Malaysia in view of the substantial contraction in market demand for quicklime until further notice. The total proposed investment for the project is $21m, with $1.9m having been expensed.

Yongnam Lands $185.5m MCE Contract
Yongnam Holdings has been awarded its single largest contract, valued at $185.5m for steel works at the Marina Coastal Expressway (MCE). The contract is expected to impact the company’s FY09 results positively.

CapitaLand’s Associate Signs Cooperation Agreement With Abu Dhabi Finance
CapitaLand’s 49%-associate, Capitala, has inked a cooperation agreement with Abu Dhabi Finance to extend mortage financing services of up to 85% financing for homes to buyers of its maiden project Arzanah.

Enzer Signs MOU To Acquire Unit In Queensway Shopping Centre
Enzer Corporation has inked a non-binding MOU with Florence Koh & Partners Project Consultants for the proposed acquisition of 1 Queensway #03-01 in Queensway Shopping Centre, with the acquisition price to be determined later.

WBL’s Partnership With GIC Real Estate Affiliate Terminated
WBL Corporation’s JV agreement with GIC Real Estate affiliate, Reco Shenyang, to undertake a mixed development of a prime retail mall, commercial and residential project in Shenyang, PRC has been terminated due to non-fulfilment of precedent conditions.

JES International Snubbed By Cancellation Orders Of Up To US$160m
JES International Holdings has received cancellation orders for six bulk carriers worth approximately US$160m in total while delivery dates for the remaining units has been delayed for a further period of two to four months.

BH Global Delivers Third Consecutive Year Of Growth
BH Global Marine has reported a revenue growth of 15% on year to $94.6m and net earnings growth of 10% to $19.2m on the back of strong demand for marine cables and accessories in Singapore and overseas.

F J Benjamin Expands RAOUL Brand Into The Philippines
F J Benjamin has inked a five-year franchise agreement with Philippines’ leading wholesaling and retailing conglomerate, Rustan Group, to expand its successful in-house fashion brand, RAOUL into the Phillippines. Four RAOUL stores will be opened by 2011.

Sinomem Technology Invests Rmb5m In PRC JV
Sinomem Technology has signed a JV agreement with two individuals to incorporate a JV company in Xiamen, PRC for the R&D, design, manufacture and sale of water treatment chemicals based on Nano-powder materials. Sinomem will invest Rmb5m and take up a 50% shareholding interest.

Guocoland Signs JV For Retail Mall In The Canary In Vietnam
Guocoland has inked a conditional JV with European Construction Consortium VNPI to establish a JV company which will develop a retail mall in the Canary, an integrated development located next to the Vietnam Singapore Industrial Park in the Binh Duong Province. Guocoland will subscribe for a 20% interest in the JV company whose total registered capital is US$33m.

Updates On Latest Company Profit Guidances And Warnings
1. Uni-Asia Finance expects incur a net loss for both 4Q08 and FY08 ended 31 December 2008 due to non-cash fair valuation losses on certain investments in vessels and properties in Japan.
2. A-Sonic Aerospace expects to register losses for FY08 ended 31 December 2008 due to anticipated losses attributable to its logistics business and write-down of goodwill.
3. Jiutian Chemical expects to report a loss for FY08 ended 31 December 2008 due to heavy impairment in the values of its buffer inventory.
4. Adventus Holdings will report larger than expected net losses for FY08 ended 31 December 2008 due to write-offs and provisions for impairment losses on its investments.
5. KXD Digital Entertainment expects to register a significant decline in its FY08 results ended 31 December 2008 compared to previous year due to provisions for receivables and impairment in value of existing inventory.
6. Tat Hong Holdings expects to report slower profits for 3Q09 ended 31 December 2008 compared to previous year due to foreign exchange losses and lower sales.

NGSC  -- -- --   
Business: Engaged in the business of providing satellite-based services to a variety of industries.

Insight: Feb-19, 9M19, Co did not register any revenue for ... Read More
CapitaLand  3.580 -- --   
Business: Co develops, owns, and manages real estate properties. [FY18 Geographical] China (41.2%), S'pore (38.5%), Europe & others (18.6%), Vietnam & Others (1.7%).

Insight: Apr-19, 1Q19 revenue fell 23.8% while net profit d... Read More
JES Int'l Hldgs  -- -- --   
Business: Co engaged in the trading & manufacturing of plastic products, foodstuffs, household insecticides, seasoning, beverages & infant-care products.

Insight: Aug-18, 1H18, Co did not generate any revenue but ... Read More
F J Benjamin Hldgs  0.031 -0.001 -3.13%   
Business: Co engages in the brand building and management, and development of retail and distribution networks for international luxury and lifestyle brands.

Insight: Aug-18, FY18 net loss narrowed significantly to $1... Read More
GuocoLand  2.020 -- --   
Business: Co is a ppty dvlpr. [FY18 Geography] S'pore (87.8%), M'sia (6.5%), China (0.5%), Vietnam (0.2%), Others (5%).

Insight: Apr-19, 9M19 revenue slid 37.3% due to lower sales... Read More
Jiutian Chemical Group  0.013 -- --   
Business: Principally engaged in the mfg and pdtn of methanol, dimethylformamide and methylamine.

Insight: Apr-19, 1Q19 revenue slid 7.8% due to decreases in... Read More
Adventus Hldgs  -- -- --   
Business: Co is engaged in property investment and development.

Insight: Aug-18, 1H18, Co present activities include both t... Read More

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