Value Investing For Singapore!

Yesterday, it inked a S$1.78-million deal to buy 100% in Contech, one of Singapore’s most experienced and versatile precasters.

DMX’S ENERGETIC LADY boss, Ms Jismyl Teo, is very excited about the development of the pay-TV market in China, where it is a leading digital media solutions provider.

Shares of Super Group (Super) rose as much as 7.9% to over a two-year high of $1.03 on 3 Sep after it announced the pricing of its Taiwan depository receipts (TDR).

Wall Street investors remained cautious today as the latest news on job recovery did little to boost spirits.

OSK Research believes a major mass housing boom will likely occur in the 1H of 2010-2020.

Petroliam Nasional (Petronas) will acquire BP's 15% and 60% interests in Ethylene Malaysia (EMSB) and Polyethylene Malaysia (PEMSB) respectively for US$363m (RM1.14b).

United Fiber System (UniFiber) has proposed to raise $178m through the issue of subscription shares to Falcon Capital Global Holding (Falcon) at an issue price of $0.05 apiece.

Stocks rallied in the first trading session in September, with the Dow being up triple digits.

Ezra Holdings (Ezra) is proposing a 1-for-5 rights issue to raise about $155.3m in gross proceeds.

Bank Negara Malaysia is likely to keep borrowing costs unchanged when its monetary policy committee meets tomorrow for the second last time for this year.

Revenue: +2.25% (3Q10), -4.96% (9M10)Net Profit: -10.74% (3Q10), -5.24% (9M10)Outlook: The surprisingly strong economic recovery coupled with record tourist arrivals and low unemployment will be a boost to the retail industry. The gold business has done better despite a 2.82% drop in revenue.This is due to higher gross margin because of the increase in gold price. Although First Lady Malaysia performed better, the apparel business in Singapore suffered a drop in revenue and profits. With the brighter outlook and all round improvement in the economy, the Group can expect both gold & apparel business to perform better. The reduction in rental income of 6.90% is mainly due to the loss of revenue from sale of 4 shops previously. However the full year total rental income will exceed last year’s due to the rental income that the Group is receiving from the recent purchase of 22 shop units ...

Revenue: -9.4% (4Q09), -38.8% (FY09)Net Profit: NM (4Q09), NM (FY09)Outlook: The Group's performance in 2010 will depend on the global economic conditions.With unexpected global events that may unfold, the directors are of the view that the timing and pace of any economic recovery is difficult to predict.Having regard to its earlier announcement dated 7January 2010 and its outlook in 2010, the directors expect to encounter continued challenges in 2010.FINANCIAL RECORDS Revenue (USD '000)FY 1Q 2Q 3Q 4Q Total2009 29,921 29,557 39,531 59,298 156,5612008 54,479 67,362 69,299 65,433 255,7152007 53,567 60,578 70,680 60,610 245,029FY 1H 2H Total2006 10,106 32,969 43,1672005 11,600 7,168 18,7682004 NA NA 22,427-----------------------------------------------------------Earnings (USD '000)FY 1Q 2Q 3Q 4Q Total2009 413 (2,809) (839) 1,520 (1,715)2008 (1,066) (889) (1,034) (12,413) (15,402)2007 42...

Revenue: +101.93% (FY09)Net Profit: +472.48% (FY09)Press Release: Revenue up 101.9% to RMB554.5 million on stronger sales from all three telecommunication units and maiden contribution from property development business Expects stronger FY2010 on enlarged production capacity and progressive sales from Linping Times Square project Proposing final dividend of S0.622 cents per share, bringing total FY2009 dividend to S1.807 cents; and 10:1 bonus shares issue Outlook: The Group will also continue to expand its geographical presence in provinces such as Guangdong, Jiangsu, and Fujian, while maintaining its strong market share in Zhejiang and Shanghai. The long term prospects for the real estate sector remains highly favourable as market demand for quality residential and commercial developments is flowing to second-tier cities such as Zhejiang. As such, it expects sales from its Linping Ti...

Revenue: -16.9% (2Q10), -17.9% (1H10)Net Profit: -34.8% (2Q10), -65.3% (1H10)Outlook: Despite signs that the global economy is recovering from recession, the economic outlook remains uncertain. Construction of the new 2-storey chemical warehouse cum office was completed and TOP obtained in November 2009. This facility would contribute to the Group’s rental income from January 2010 onwards. The Group has reviewed its strategic options with regards to its proposed investment in Citic Logistics Co., Ltd. In view of growing uncertainty as to the project’s risk-return environment, the Group is taking steps to recover its advances made. On the proposed sale of the property at 30/32 Tuas Avenue 8, as announced on 30 November 2009, the Group has submitted a Notice of Appeal to pursue its claim against the purchaser.In the meantime, the Group continues to derive rental income from the prope...

Revenue: -19.2% (1Q10)Net Profit: -63.7% (1Q10)Outlook: It appears that the economic meltdown has bottomed out and the Group is seeing some improvement in the general economic environment and improved orders from its customers. However, full recovery of the economy and business to pre-crisis level is expected to take some time.The Group expects the business environment to continue to be tough, challenging and highly competitive with volatility in foreign exchange rates and prices of energy and raw materials.Revenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 394,3072009 488,081 334,264 352,077 399,848 1,574,2702008 214,399 254,883 462,347 482,814 1,414,4432007 245,557 200,318 213,472 211,235 870,5822006 315,563 226,899 245,735 249,198 1,037,3952005 256,741 225,335 259,376 285,583 1,027,035-----------------------------------------------------------Earnings (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 2,...

Revenue: +14% (2Q10), +26% (1H10)Net Profit: +378% (2Q10), +50% (1H10)Outlook: Recent economic data appears to indicate that the worst of the economic crisis may be behind the group and a modest recovery is underway globally.Despite this, the Group believes there will still be many challenges and uncertainties that lie ahead. Hence, the Group will maintain its disciplined approach to risk management and operational efficiency. With the Group’s strong cash position and healthy balance sheet, it is confident that it will be able to weather the uncertainties and continue to grow its market share.FINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 154,601 111,9072009 113,539 97,803 138,147 100,827 450,3172008 113,250 94,397 134,120 93,228 434,9952007 100,585 90,839 121,994 84,817 398,2352006 96,711 85,408 119,358 82,310 383,7872005 89,801 83,493 110,328 76,484 360,106-----------...

Revenue: +1.98% (2Q10), -11.45% (1H10)Net Profit: NA (2Q10), NA (1H10)Outlook: The Group expects market conditions to gradually improveThe Group aims to improve its product mix and profit marginsIt will continue to actively manage its operating costsFINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 69,622 76,5962009 90,006 75,110 63,252 69,262 297,6302008 84,330 80,583 80,046 83,788 328,747FY 1H 2H Total2007 138,774 158,627 297,4012006 119,879 134,632 254,5112005 90,658 100,923 191,581-----------------------------------------------------------Earnings (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 905 1,9682009 3,256 (2,258) 69 (59) 1,0082008 2,951 1,316 1,979 1,332 7,578FY 1H 2H Total2007 5,607 6,014 11,6212006 6,498 9,057 15,5552005 2,996 5,607 8,603-----------------------------------------------------------DividendsFY Interim Final Special (SGD)2010 NA2009 NA NA NA2008 0.010 0.005 NA...

Revenue: -89.3% (2Q10)Net Profit: NM (2Q10)Outlook: Barring any unforeseen circumstances and delay in the roll out of products, the Group remains cautiously optimistic about its performance for the second half of FY2010.FINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 733 4682009 270 4,365FY 1H 2H Total2009 4,635 1,161 5,7962008 5,484 5,214 10,6982007 3,522 2,726 6,2482006 9,317 3,455 12,7722005 NA NA 18,067-----------------------------------------------------------Earnings (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 (582) (2,838)2009 (860) 1,905FY 1H 2H Total2009 1,044 (3,849) (2,805)2008 1,042 1,140 2,1822007 46 93 1382006 2,432 (25,249) (22,817)2005 NA NA (9,017)-----------------------------------------------------------DividendsFY Interim Final Special (SGD)NA-----------------------------------------------------------Bonus / Rights / Stock SplitDate Type DetailsNA---------------...

Revenue: -0.0% (3Q09), -12.1% (9M09)Net Profit: -10.2% (3Q09), -23.6% (9M09)Press Release: Revenue up 12.6% qoq to US$14.8m; achieves growth in all sectors Hard Disk Drive grew 7.9% qoq and 21.7% yoy to US$8.4m Gross margin up qoq and yoy to 32.2% Net margin up qoq to 13.3% Revenue grows 36.6% qoq to US$13.2m led by Hard Disk Drive growthOutlook: Business sentiments continue to improve; economic uncertainties however continue to cloud business outlook. The Directors are as such cautiously optimistic of the Group’s prospects for the December quarter.FINANCIAL RECORDSRevenue (USD '000)FY 1Q 2Q 3Q 4Q Total2009 9,651 13,181 14,8422008 14,023 13,993 14,845FY 1H 2H Total2008 28,016 27,540 55,5562007 18,828 28,976 47,8042006 15,176 16,706 31,8822005 12,076 14,277 26,353-----------------------------------------------------------Earnings (USD '000)FY 1Q 2Q 3Q 4Q Total2009 624 1,449 1,9732008 ...

Revenue: -84% (3Q09), -55% (9M09)Net Profit: -74% (3Q09), -77% (9M09)Outlook: Following the successful implementation of China’s RMB 4 trillion stimulus package, there was a respite for the steel mills.However, the fundamental issues of falling exports, soaring imports and concerns of oversupply remains unresolved in the steel industry. The Group will focus on prudent cost containment measures and effective cash flow management to prepare for the recovery in the long-run.The management has put in dedicated efforts to streamline its operations and implement cost control measures during this current economic turndown and shall continue to monitor its financial position closely. FINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2009 65,851 44,180 18,4872008 44,310 130,553 113,320FY 1H 2H Total2008 217,610 174,682 392,2922007 54,191 62,981 117,1722006 13,604 20,221 33,8252005 1...

Revenue: +0.6% (3Q09), +11.9% (9M09)Net Profit: +57.0% (3Q09), +40.5% (9M09)Press Release: Q3 FY 2009 Sales: S$75.3mNet profit of S$6.1m for Q3 was up by 57% over the same period last year Net profit of S$13.8m for 9 months of FY 2009 represents a 40.5% increase over the same period last year Outlook: The Group believes that the long-term prospect of the global economy has improved but remains cautiously optimistic of the prospect for the next 12 months.The Group will position itself to capitalize on the long-term upturn while deploying a cautious stand and strategy in the near term.The Group will continue to pursue its diversification strategy so as to position the Group for long-term sustainable growth and to enhance shareholders value.The Group has also on 24 September 2009 announced its intention to diversify into property development,construction and management and will convene a...

Revenue: -8.4% (3Q09), -5.8% (9M09)Net Profit: +10.3% (3Q09), +1.2% (9M09)Outlook: The logistics industry in Singapre is expected to improve on the back of improving economic outlookThe Group's China port operations, however, will face keener competition from nearby ports in FoshanThe Group has also begun marketing co-location space for its data centre in Singapore, which will operational by the end of this year.The Group remains vigilant in managing costs and improving efficiency while seeking opportunities that may emerge.FINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2009 29,875 29,172 29,6182008 27,419 34,399 32,327 34,723 128,8682007 21,505 23,155 27,705 30,758 103,1232006 24,138 23,089 22,147 23,642 93,0162005 24,955 28,433 29,527 25,529 108,4442004 NA NA 36,966 37,301 173,057-----------------------------------------------------------Earnings (SGD '000)FY 1Q 2Q 3Q 4Q Tot...

Revenue: +1.1% (3Q09), +0.8% (9M09)Net Profit: +9.8% (3Q09), +10.2% (9M09)Press Release: 3Q Sales grew 1.1% to $23.9M as it expands reach to more customers in more countriesOverall net profit margin up from 7.6% to 7.9%Outlook: Moving ahead, the Group expects continued growth in revenue and profitability for the rest of the current FY2009FINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2009 23,152 23,718 23,8742008 23,014 23,576 23,613 22,859 93,0622007 21,981 22,428 22,688 24,623 91,7202006 18,139 18,289 18,970 20,713 76,1112005 16,328 15,642 15,997 18,300 66,2672004 NA NA 15,709 15,524 65,492-----------------------------------------------------------Earnings (SGD '000)FY 1Q 2Q 3Q 4Q Total2009 1,399 1,663 1,6832008 1,266 1,508 1,533 1,736 6,0432007 947 1,155 1,268 1,578 4,9482006 522 594 632 869 2,6172005 471 480 543 536 2,0302004 NA NA (682) 146 1,627--------------------------...

Revenue: -13.2% (3Q09), -14.8% (9M09)Net Profit: -78.8% (3Q09), NM (9M09)Outlook: As announced on 17 June 2009, the Group is expected to record losses for the full year ending 31 December 2009 ("FY2009").Notwithstanding the losses as a result of the adjustments highlighted in the profit warning announcement, the Group is optimistic to remain operationally profitable (i.e. profit from operations excluding one-off provisions and write-offs). With the proceeds from the Rights Issue of US$10.2 million, the Company and the Group‟s financial and liquidity position has been strengthened. FINANCIAL RECORDSRevenue (USD '000)FY 1Q 2Q 3Q 4Q Total2009 10,862 38,904 40,8492008 43,623 40,101 47,071 13,658 53,8752007 32,528 32,193 36,866 45,829 147,4152006 13,592 13,631 17,081 34,362 78,674-----------------------------------------------------------Earnings (USD '000)FY 1Q 2Q 3Q 4Q Total2009 (1,346) ...

Revenue: +9.5% (1Q10)Net profit: +11.3% (1Q10)Press Release: Net profit: $94.1 million, 11.3% higherOperating revenue: 9.5% increase to $173.4 millionSecurities market revenue: Up 40.6% to $104.6 millionNet derivatives clearing revenue: Down 27.0% to $33.7 millionStable revenue: Down 7.0% to $35.1 million11# new listings raised $0.26 billionSecondary fund raising remained strong with $5.23 billion raisedOutlook: With a prevailing low interest rate environment coupled with strong liquidity, the Group would expect its market to continue to benefit.More optimistic macro-economic growth forecasts should also provide more conducive market conditions for a greater number of larger companies to consider listing on SGX. The Group expects these new issuers to come from Singapore and elsewhere in the region.SGX continues to innovate to strengthen our Asian Gateway. The Group announced its partn...

Revenue: -4.2% (3Q09), -6.7% (9M09)Net Profit: -0.7% (3Q09), -0.3% (9M09)Outlook: Looking ahead, mobile remains the Group's core business and it sees exciting opportunities in the upcoming launch of the iPhone. The Group will continue to launch new mobile services and grow its fixed line business to achieve revenue growth.Momentum for the fixed line services will likely pick up with the commercial launch of the Next Generation National Broadband Network in 2Q 2010.Based on the current outlook and barring any unforeseen circumstances, net profit after tax for the year 2009 is estimated to be comparable to the previous year.FINANCIAL RECORDSRevenue (SGD 'Mil)FY 1Q 2Q 3Q 4Q Total2009 186.4 190.5 188.42008 203.9 205.3 196.7 194.7 800.62007 196.4 199.8 200.2 206.9 803.32006 190.8 192.1 189.2 201.0 773.02005 189.5 195.8 197.3 194.2 778.22004 NA NA 187.5 192.4 747.1--------------------------...

Revenue: +128.6% (1Q10)Net Profit: +174.2% (1Q10)Outlook: During the quarter under review, the Group was awarded a contract worth $101 million for the construction of Waterfront Key, a private residential development. This has served to boost its order book to $545 million as at 31 August 2009, and is expected to provide the Group with a steady stream of activity through FY13. Nevertheless, the Group will continue to leverage on its expertise and track record and further strengthen its order book through tendering for more contracts. The trial in relation to the Group's lawsuit against Manhattan Resources Limited ("Manhattan") has been fixed in the third week of November 2009.FINANCIAL RECORDSRevenue (SGD '000)FY 1Q 2Q 3Q 4Q Total2010 85,1112009 37,231 113,744 79,168 78,230 308,3732008 41,975 64,317 42,199 46,305 194,796FY 1H 2H Total2007 86,336 62,223 148,5592006 99,876 89,573 189,4...

Revenue: -22% (4Q09), +23% (FY09)Net Profit: +312% (4Q09), -60% (FY09)Press Release: Revenue upped 23% to US$329.4m on strong results from all three core divisions Group continues to focus on deepwater subsea segment and enhance capabilities to drive growth Expects demand for long term charters to remain strong following global economic recovery Outlook: The Group is cautiously optimistic that the oil and gas activities will continue in the next 12 months, barring any unforeseen circumstance that may arise to destabilise the current financial market and global economy. Demands for medium to large sized offshore support vessels are expected to continue to be good. The Group remains committed to its strategy of operating a fleet of young and technological advanced vessels, which are capable of operating in the deep water segment to support the construction and production phase of the oi...

Revenue: +37.9% (3Q09), +21.6% (9M09)Net Profit: +30.7% (3Q09), +2.0% (9M09)Outlook: With its timely acquisition of land plots recently at reasonably attractive prices, the Group intends to launch at least another four projects with about 280 residential flats and 6 landed houses this year. The Group also intend to launch another mixed development project with a total of 93 units early next year. The present total number of guest rooms in the Group's hotel chain is 1,373.Another two hotels strategically located in the city area, with about 250 guest rooms are in the works and are slated for completion next year.Making use of the slowdown in the tourism industry early this year, the Group has carried out a series of minor refurbishment works to some of its hotels.The Group also intends to start a major refurbishment work to one of its hotel outlets and expect to complete the works earl...

Revenue: +15% (3Q09), +1% (9M09)Net Profit: -27% (3Q09), -29% (9M09)Press Release: Net profit stands at S$4.1 million at a healthy margin of 16%Backed by healthy balance sheet with low net gearing of 3% and positive operating cash flowsFocuses on becoming the leading integrated marine electrical supplier in the region, while adopting a cautious short term outlook Outlook: Following the weak market and poor industry sentiments since the beginning of the year, the Group embarked on strategic acquisitions such as ZPA (marine switchboards and services) and Sky (galvanized steel wire) to broaden the Group’s product offerings and enhance its market positioning.These subsidiaries provide the Group with more diversified product range and integrated services along with better geographical diversification.These acquisitions coupled with prudent cost control measures will enable the Group to wea...