Corporate Results

Corporate Results

May 24, 2008

	Net Earnings	Earnings Per Share
Company	Date Announced	Period	This Year ($m)	Last Year ($m)	This Year (cts)	Last Year (cts)
Adv Systems Auto	13-May	Q1	-1.525	-2.095	-0.12	-0.17
Advanced Hldgs	12-May	Q1	2.047	-0.427	0.66	-0.16
AEM	14-May	Q1	-0.582	0.390	-0.14	0.09
Allied Tech	12-May	Q1	1.123	-1.385	0.20	-0.37
Amara	13-May	Q1	0.987	0.875	0.17	0.15
Anwell	14-May	Q1	HK-19.632	HK0.203	HK-0.77	HK0.02
Aqua-Terra	14-May	Q1	2.328	1.438	0.70	0.60
Armarda	14-May	Q1	HK2.575	HK1.461	HK0.66	HK0.42
Armstrong	12-May	Q1	4.173	3.033	0.84	0.60
Asia Food & Prop	12-May	Q1	45.443	-2.792	1.49	-0.09
Asia Water	15-May	Q1	Rmb8.630	Rmb0.837	Rmb4.38	Rmb0.44
AsiaPharrm	14-May	Q1	Rmb20.020	Rmb21.763	Rmb4.06	Rmb4.45
AsiaPower	14-May	Q1	3.012	2.590	0.75	0.72
Asiatravel	15-May	Interim	3.038	2.200	1.54	1.14
ASL Marine	12-May	Q3	14.163	10.543	5.18	4.21
A-Sonic	12-May	Q1	US-1.066	US0.423	US-0.22	US0.09
ASTI	13-May	Q1	-4.082	2.802	-0.79	0.61
Auric Pac	15-May	Q1	10.732	2.674	8.54	2.13
AusGroup	14-May	Q3	A-3.444	A4.798	A-0.90	A1.40
Babcock & Brown	15-May	Q1	0.075	9.453	0.02	2.50
Ban Joo	15-May	Interim	-5.503	-5.084	-0.63	-0.69
BanyanTree	15-May	Q1	15.359	11.160	2.03	1.47
BBR Hldgs	13-May	Q1	1.435	0.618	0.09	0.05
Beauty China	14-May	Q1	HK37.259	HK35.390	HK10.70	HK10.30
BerlianLaju	15-May	Q1	US117.612	US18.423	US2.82	US0.47
Bio-Treat	14-May	Q3	Rmb71.055	Rmb89.173	Rmb8.00	Rmb10.00
Bonvests	14-May	Q1	18.929	8.409	4.71	2.51
Broadway	14-May	Q1	9.932	5.248	4.82	3.54
Bukit Sembawang	23-May	Preliminary	74.869	33.416	72.00	46.00
C&O Pharm	14-May	Q3	HK43.129	HK31.423	HK6.50	HK5.07
Cacola	13-May	Q1	Rmb44.869	Rmb26.132	Rmb13.00	Rmb10.20
Casa Hldgs	13-May	Interim	1.807	0.995	0.86	4.38
CDW Hldgs	15-May	Q1	US-0.635	US1.259	US-0.13	US0.26
Celestial	12-May	Q1	Rmb130.175	Rmb84.710	Rmb20.00	Rmb13.00
CentraLand	14-May	Q1	Rmb4.914	Rmb-4.425	Rmb0.28	Rmb-0.28
Cerebos Pac	14-May	Q2	15.701	18.989	4.99	6.04
Changtian	14-May	Q1	Rmb57.151	Rmb43.901	Rmb8.70	Rmb8.80
Chem Ind	15-May	Preliminary	3.044	7.236	4.01	9.53
Chemoil Energy	14-May	Q1	US2.323	US17.864	US0.18	US1.38
China Farm	14-May	Q1	Rmb4.718	Rmb3.604	Rmb1.95	Rmb1.65
China Healthcare	23-May	Preliminary	-0.498	-1.270	-0.29	-0.27
China Hongxing	15-May	Q1	Rmb114.231	Rmb78.774	Rmb4.50	Rmb3.94
China Lifestyle	13-May	Q1	Rmb32.168	Rmb29.171	Rmb6.00	Rmb6.00
China Petrotech	15-May	Q1	Rmb-2.686	Rmb3.263	Rmb-0.92	Rmb1.30
China Powerplus	14-May	Q1	Rmb18.486	Rmb21.312	Rmb4.40	Rmb5.80
China Sky	12-May	Q1	Rmb163.416	Rmb139.917	Rmb20.60	Rmb17.64
China Sun Biochem	12-May	Q1	Rmb68.644	Rmb108.409	Rmb8.46	Rmb13.42
ChinaAElec	14-May	Q1	Rmb8.910	Rmb22.216	Rmb3.05	Rmb5.60
ChinaAniH	12-May	Q1	Rmb27.771	Rmb13.225	Rmb2.18	Rmb1.15
ChinaESave	12-May	Q1	-9.142	-2.808	-0.63	-0.26
ChinaFish	14-May	Q1	US40.396	US30.464	US5.17	US3.97
ChinaJishan	14-May	Q1	Rmb-2.436	Rmb0.033	Rmb-0.81	Rmb0.01
ChinaPreci	15-May	Q1	Rmb17.469	Rmb17.106	Rmb4.60	Rmb4.30
ChinaSports	14-May	Q1	Rmb46.341	Rmb26.565	Rmb13.80	Rmb11.20
ChinaYuanb	13-May	Q3	Rmb3.690	Rmb14.579	Rmb0.59	Rmb3.04
Chip Eng Seng	12-May	Q1	8.081	5.796	1.23	0.96
CHT Hldgs	15-May	Q1	Rmb24.000	Rmb26.185	Rmb8.70	Rmb9.50
Chuan Hup	12-May	Q3	US2.266	US2.215	US0.22	US0.20
Chuan Soon Huat	14-May	Q1	-2.077	-2.821	-1.00	-1.36
City Dev	14-May	Q1	164.969	126.083	18.10	13.90
CK Tang	23-May	Preliminary	-2.189	-0.593	-0.90	-0.30
CMZ Hldgs	15-May	Preliminary	Rmb41.770	Rmb37.995	Rmb15.40	Rmb16.60
CNA Grp	13-May	Q1	1.769	0.083	0.93	0.05
ComfortDelGro	13-May	Q1	50.200	55.400	2.41	2.67
Cortina	23-May	Preliminary	-0.697	3.916	5.90	2.40
Craft Print Intl	15-May	Interim	-0.707	-1.046	-0.63	-0.93
CSE Global	14-May	Q1	12.074	8.619	2.38	1.71
Datacraft	14-May	Q2	US9.506	US7.631	US2.12	US1.70
Datapulse	20-May	Q3	2.682	4.704	0.45	0.79
Del Monte	12-May	Q1	US6.026	US5.132	US0.56	US0.47
DMX Tech	14-May	Q1	US1.516	US3.795	US0.34	US0.82
DragonGp	13-May	Q1	-1.071	1.549	-0.48	0.69
Eagle Brand	13-May	Q1	Rmb-9.121	Rmb-26.580	Rmb-0.79	Rmb-2.29
Eastern Asia	13-May	Q1	-4.937	-3.709	-1.08	-0.81
Elec & Eltek	13-May	Q1	US12.888	US6.613	US7.20	US3.69
Ellipsiz	13-May	Q3	-2.048	2.970	-0.80	1.16
Engro Corp	13-May	Q1	-0.578	-1.062	-0.50	-1.04
Enviro-Hub	12-May	Q1	-2.838	0.268	-0.44	0.05
Epure	14-May	Q1	Rmb30.782	Rmb23.680	Rmb2.40	Rmb2.00
Equation	15-May	Q3	-4.295	-0.637	-0.39	-0.07
Eu Yan Sang	12-May	Q3	1.307	5.136	0.36	1.42
FalconEne	13-May	Interim	-0.205	-0.885	-0.25	-0.50
Federal Int	14-May	Q1	2.463	4.633	0.78	1.64
FirstRes	14-May	Q1	311373.000	55909.000	25613.00	97746.00
FJ Benjamin	14-May	Q3	4.361	3.324	0.77	0.87
Food Empire	13-May	Q1	US6.842	US5.518	US1.56	US1.28
Food Junction	13-May	Q2	0.359	1.650	0.30	1.37
Fu Yu Corp	12-May	Q1	-6.962	-2.718	-0.98	-0.46
Full Apex	14-May	Q1	Rmb47.573	Rmb44.728	Rmb5.43	Rmb5.15
Fung Choi	14-May	Q3	HK48.117	HK46.703	HK6.60	HK6.40
Fuxing	15-May	Q1	Rmb49.528	Rmb30.255	Rmb6.00	Rmb5.00
G.K. Goh	15-May	Q1	-7.594	18.048	-2.32	5.50
Gallant	14-May	Q1	1.104	1.757	0.05	0.07
Gems TV	12-May	Q3	US-4.474	US1.317	US-0.43	US0.13
Genting Int	13-May	Q1	6.015	67.901	0.06	1.06
Global Ariel	15-May	Q1	Rmb-5.560	Rmb2.884	Rmb-0.33	Rmb0.25
Global Voice	15-May	Q1	-4.063	-4.288	-0.16	-0.18
GlobalTest	12-May	Q1	US-1.295	US0.219	US-0.13	US0.02
Golden Agri	12-May	Q1	US442.825	US219.286	US4.00	US2.50
Goodpack	14-May	9M	US21.928	US17.232	US4.77	US4.26
Guangzhao Ind	12-May	Q1	Rmb-2.684	Rmb3.701	Rmb-0.46	Rmb0.71
Guthrie	14-May	Q1	14.919	8.112	1.38	0.75
Hengxin	14-May	Q1	Rmb14.634	Rmb11.687	Rmb4.36	Rmb3.48
Hersing Corp	13-May	Q1	1.289	3.200	0.51	1.52
HG Metal	12-May	Q2	18.552	3.570	4.37	1.22
Hiap Hoe	14-May	Q1	4.236	5.940	1.39	2.48
Hiap Seng Engg	23-May	Preliminary	6.679	15.435	2.20	5.54
HL Asia	14-May	Q1	30.155	21.842	7.91	5.74
HLH Grp	14-May	Q1	0.397	-0.558	0.02	-0.04
Hong Fok	15-May	Q1	1.375	4.577	0.21	0.76
Hotel GrandCentral	15-May	Q1	8.514	8.016	1.83	1.88
Hotel Plaza	14-May	Q1	14.533	10.549	2.42	2.64
Hotel Prop	13-May	Q1	20.546	11.658	4.07	2.43
Hotel Royal	10-May	Q1	1.664	32.165	2.77	53.61
HsuFuChi	12-May	Q3	Rmb182.443	Rmb150.495	Rmb22.95	Rmb18.93
HTL Intl	12-May	Q1	-8.168	7.538	-1.96	1.81
Huan Hsin	10-May	Q1	6.311	14.652	1.58	3.66
Hup Soon	14-May	Q1	US-0.050	US-0.483	US-0.01	US-0.18
Hyflux	13-May	Q1	5.742	1.160	1.10	0.22
IFS	13-May	Q1	3.245	2.877	2.60	2.50
Interra Res	13-May	Q1	US0.891	US0.011	US0.35	US0.00
Ionics	15-May	Q1	US-2.142	US-2.653	US-0.34	US-0.43
IPC Corp	14-May	Q1	1.264	2.724	0.24	0.52
Isetan	13-May	Q1	4.217	4.138	10.20	10.00
JiutianC	12-May	Q1	Rmb5.591	Rmb20.003	Rmb0.41	Rmb1.54
JK Yaming	12-May	Q1	0.980	0.678	0.48	0.33
Jurong Tech	13-May	Q1	5.748	12.782	0.95	2.86
K1 Ventures	15-May	Q3	0.902	5.003	0.04	0.25
Kingboard	13-May	Q1	HK49.550	HK52.076	HK6.86	HK7.21
Koh Brothers	13-May	Q1	-0.083	-0.920	-0.02	-0.19
KS Energy	15-May	Q1	11.054	5.329	4.60	2.25
KXD Digital	15-May	Q1	Rmb-23.016	Rmb0.382	Rmb-3.50	Rmb0.07
Lafe Tech	13-May	Q1	US1.060	US0.895	US0.11	US0.09
LC Dev	12-May	Q3	-0.983	3.951	-0.11	0.46
Lee KimTah	12-May	Q1	4.507	6.927	0.89	1.37
Li Heng	12-May	Q1	Rmb224.088	Rmb234.705	Rmb15.62	Rmb17.26
L-Jacob	14-May	Q1	-5.953	-3.977	-0.80	-0.60
Longcheer	12-May	Q3	Rmb36.523	Rmb32.393	Rmb9.42	Rmb8.17
Lum Chang	14-May	Q3	3.602	0.860	0.95	0.23
Magnus	14-May	Q3	0.468	0.864	0.03	0.05
Manhattan Res	12-May	Q1	-1.660	-3.836	-0.42	-0.98
MAP Tech	12-May	Q1	US2.934	US2.398	US0.96	US1.55
Marco Polo	15-May	Interim	5.403	4.369	2.10	2.04
MediaRing	13-May	Q1	US0.893	US0.485	US0.07	US0.04
Meghmani	23-May	Preliminary	306.122	408.808	126.00	204.00
MemoryD	14-May	Q1	US1.615	US2.166	US0.27	US0.37
Mermaid	15-May	Preliminary	113.173Baht	239.916Baht	21.00Baht	63.00Baht
MFS Tech	12-May	Q2	-4.825	6.169	-0.70	0.90
Midas	14-May	Q1	7.661	6.624	0.91	0.79
Nam Lee	14-May	Interim	5.309	4.662	1.28	1.33
NH Ceramics	13-May	Interim	-1.338	-2.529	0.48	3.89
NOL	14-May	Q1	US120.728	US42.720	US8.22	US2.93
Ocean Sky	15-May	Q1	US2.338	US2.296	US0.55	US0.60
OKP Hldgs	12-May	Q1	2.408	1.592	1.61	1.11
Orchard Parade	12-May	Q1	16.649	5.118	4.75	1.46
OrientCent	15-May	Q1	Rmb8.468	Rmb8.205	Rmb5.10	Rmb4.94
Ossia	15-May	Q1	1.123	0.911	0.44	0.37
Ouhua	13-May	Q1	Rmb3.233	Rmb14.449	Rmb0.84	Rmb3.77
Pac Century	15-May	Q1	-2.441	-0.253	-0.08	-0.01
Pan United	13-May	Q1	11.720	6.766	2.13	1.23
Parkway	14-May	Q1	18.487	21.368	2.41	2.78
PCI Ltd	12-May	Q3	US1.425	US2.128	US0.72	US1.07
Pertama	15-May	Q3	0.617	2.540	0.26	1.06
Petra Foods	15-May	Q1	US2.889	US6.967	US0.54	US1.30
Plastoform	13-May	Q1	HK-9.391	HK0.326	HK-2.80	HK0.10
PNE Ind	14-May	Interim	1.154	1.506	0.34	0.45
PNE Micron	13-May	Interim	0.687	0.517	0.33	0.25
PSCCorp	12-May	Q1	0.780	1.763	0.14	0.42
QAF Ltd	14-May	Q1	6.564	9.466	1.50	2.10
Reyoung	12-May	Q1	Rmb12.769	Rmb19.902	Rmb3.83	Rmb5.97
Reyphon	13-May	Q1	Rmb0.382	Rmb2.217	Rmb0.12	Rmb0.92
Robinson	14-May	Q3	8.966	7.514	10.40	8.70
Rotary	12-May	Q1	10.191	9.500	1.80	1.70
Rotol	21-May	Preliminary	-1.567	-7.765	-0.41	-2.02
Rowsley	23-May	Preliminary	5.607	-21.521	0.93	-3.80
S Chance	13-May	Q3	1.628	3.677	0.50	1.12
S Coffeemix	15-May	Q1	7.647	10.437	1.41	1.98
SaizenREIT	12-May	Q3	100.590PhP	1544.519PhP	23.00PhP	1063.00PhP
Samko	15-May	Q1	26438.000	12542.000	3400.00	2100.00
Sapphire	15-May	Q1	0.857	-0.529	0.01	-0.01
Sarin Tech	14-May	Q1	US2.012	US2.285	US0.79	US0.90
SBS Transit	13-May	Q1	15.296	17.039	4.98	5.61
SC Global	13-May	Q1	19.210	10.956	4.86	3.78
See Hup Seng	13-May	Q1	2.302	3.063	0.64	1.01
Semb Corp Ind	14-May	Q1	123.103	128.672	6.91	7.25
SIA	13-May	Preliminary	2049.400	2128.800	168.50	172.60
Sihuan	12-May	Q1	Rmb53.106	Rmb32.023	Rmb11.30	Rmb8.33
Silverlake &&	12-May	Q3	20.322	32.208	1.81	2.87
Sing Inv & Fin	12-May	Q1	3.931	2.287	3.74	3.05
Singapura Fin	15-May	Q3	2.338	3.437	3.13	6.18
SingTel	14-May	Preliminary	3960.200	3778.800	24.90	23.25
Sinomem	14-May	Q1	4.743	4.004	1.03	0.87
Sinostar	12-May	Q1	Rmb19.026	Rmb34.160	Rmb2.97	Rmbnm
SinoTechfib	14-May	Q1	Rmb120.602	Rmb98.856	Rmb12.97	Rmb10.63
Sinwa	15-May	Q1	2.493	2.015	1.12	0.92
Sky Petrol	15-May	Q1	2.042	1.968	0.70	0.84
SMB United	15-May	Q1	2.657	-1.013	0.55	-0.21
Soilbuild	13-May	Q1	6.213	6.216	3.10	3.10
SSH Corp	14-May	Q3	6.820	3.461	1.26	0.64
StarPharm	14-May	Q1	Rmb1.716	Rmb21.419	Rmb0.70	Rmb9.10
Straco	12-May	Q1	0.532	0.237	0.06	0.03
Straits Trdg	15-May	Q1	11.477	55.446	3.50	17.00
StraitsAsia	15-May	Q1	US20.135	US8.413	US1.85	US0.91
Sun East	14-May	Q3	HK18.069	HK14.686	HK3.69	HK3.00
Sunmart	14-May	Q1	Rmb4.719	Rmb6.313	Rmb1.20	Rmb2.10
Sunmoon	14-May	9M	-10.988	-16.524	-0.17	-0.26
Sunningdale Tech	12-May	Q1	0.243	2.576	0.03	0.35
Sunshine	15-May	Q1	Rmb69.549	Rmb5.293	Rmb8.38	Rmb0.66
Surface Mount	22-May	Preliminary	HK3.896	HK67.832	HK1.47	HK25.71
Swiber	14-May	Q1	US10.317	US3.652	US2.43	US0.99
Swissco	14-May	Q1	4.850	4.564	2.71	2.59
Synear	14-May	Q1	Rmb106.959	Rmb193.671	Rmb7.80	Rmb15.50
Tech Oil & Gas	13-May	Interim	1.446	2.517	1.01	1.76
Thai Beverage	14-May	Q1	2630.825Baht	2878.031Baht	10.00Baht	11.00Baht
The Hour Glass	15-May	Preliminary	30.530	18.644	13.46	8.43
TimeWatch	14-May	Q3	HK16.169	HK15.162	HK4.32	HK4.35
Transmarco	16-May	Preliminary	-0.509	0.292	-1.33	0.72
Trek 2000	13-May	Q1	US0.927	US1.137	US0.31	US0.37
Tsit Wing	14-May	Q1	HK8.745	HK8.588	HK4.53	HK4.45
Tung Lok	20-May	Preliminary	0.367	1.053	0.26	0.75
UMS	15-May	Q1	-7.219	5.654	-1.83	1.50
Uni-Asia	13-May	Q1	US0.576	US0.825	US0.00	US0.00
Unified Comm	14-May	Q1	0.462	-1.462	0.14	-0.46
Union Steel	14-May	9M	19.286	6.086	5.56	1.75
Unisteel	13-May	Q1	9.477	12.657	2.35	3.16
United Engineers	12-May	Q1	1.223	11.842	0.50	5.40
United Envirotech	23-May	Preliminary	8.455	-3.211	2.55	-1.12
UOB-Kay Hian	13-May	Q1	43.159	61.190	5.96	8.44
UOL	14-May	Q1	42.851	76.054	5.38	9.57
Vicom	12-May	Q1	4.100	3.498	4.81	4.16
WBL Corp	14-May	Q2	11.792	1.642	5.60	0.80
Wee Hur	13-May	Q1	0.686	4.121	0.21	1.28
Wheelock	14-May	Q1	16.858	na	1.41	na
Wilmar Intl	13-May	Q1	US343.045	US49.746	US5.37	US1.96
Wing Tai	12-May	Q3	27.728	54.076	3.27	7.53
YHI Intl	14-May	Q1	5.193	5.183	0.89	0.89
Yongnam	15-May	Q1	5.959	1.621	0.49	0.16
Zhonghui Hldgs	15-May	Q1	Rmb6.726	Rmb1.679	Rmb2.21	Rmb0.58
Net earnings are in Singapore dollars unless otherwise stated.

Dividends Announced

Company	Period	Payment (cts)	Ex-Date	Books Close	Pay Date
ABR Hldgs	ak	0.500	7-May	9-May	28-May
Agva Corp #	bn	0.550	13-May	15-May	30-May
Amara Hldgs	an	0.800	11-Jun	13-Jun	27-Jun
Annaik	an	1.000	8-May	12-May	30-May
Apex-Pal Intl	an	1.000	5-Jun	9-Jun	23-Jun
Aqua-Terra Supply	ak	0.500	13-May	15-May	3-Jun
Armstrong Ind	an	1.600	12-May	14-May	28-May
Ascendas REIT	ao	3.690	28-Apr	30-Apr	30-May
Ascendas REIT	aq	3.140	14-May	16-May	28-May
Asia Environment	ak	1.000	14-May	16-May	7-Jul
Asia Environment	bh	1.000	14-May	16-May	7-Jul
Asia Pac Brew	aw	14.000	26-May	28-May	10-Jun
Asiatravel.Com	aw	0.900	29-May	2-Jun	12-Jun
A-Sonic Aerospace	an	0.250	6-May	8-May	27-May
A-Sonic Aerospace	bh	0.100	6-May	8-May	27-May
Ban Leong Tech	ak	1.500	4-Jun	6-Jun	22-Jul
Banyan Tree Hldgs	an	2.000	27-May	29-May	19-Jun
Beauty China @	bo	3.000	6-May	8-May	29-May
BRC Asia	ak	0.500	13-May	15-May	29-May
Breadtalk	an	0.550	7-May	9-May	28-May
Cacola Furniture *	bo	7.130	8-May	12-May	4-Jun
Cambridge Ind Trust	ag	1.588	2-May	6-May	28-May
Capitamall Trust	ad	0.060	28-Apr	30-Apr	29-May
Capitamall Trust	ao	3.420	28-Apr	30-Apr	29-May
CDW Hldgs #	bn	0.100	8-May	12-May	26-May
Celestial Nutrifoods	ah	2.000	6-May	8-May	26-May
Chemoil Energy #	bs	0.500	6-May	8-May	30-May
China Auto Elect *	bs	3.140	13-May	15-May	30-May
China Farm Equipment	an	1.000	7-May	9-May	26-May
China Fishery	bn	2.190	6-May	8-May	29-May
China Flex *	bk	9.670	20-May	22-May	ai
China Infrastructure	aj	0.350	21-May	23-May	13-Jun
China Kangda *	bo	4.850	7-May	9-May	30-May
China Precision Tech *	an	5.300	28-May	30-May	13-Jun
China Print Power @	bn	6.820	2-May	6-May	28-May
China Sky Chemical	bn	2.000	5-May	7-May	28-May
China Sports *	an	9.300	20-May	22-May	2-Jun
China Sunsine Chem	aw	1.000	26-May	28-May	10-Jun
CHT *	bn	3.300	20-May	22-May	16-Jun
CM Pacific	ak	2.750	20-May	22-May	6-Jun
ComfortDelgro	ak	2.650	9-May	13-May	30-May
Darco Water	an	0.500	6-May	8-May	29-May
DBS Grp	aw	20.000	20-May	22-May	4-Jun
Dutech Hldgs	aw	2.000	20-May	22-May	5-Jun
Dynamic Colours	ak	1.000	26-May	28-May	18-Jun
Eng Kong	ak	0.300	6-May	8-May	30-May
Engro Corp	ak	3.000	10-Jun	12-Jun	3-Jul
Epure Intl	an	0.667	13-May	15-May	27-May
Etika Intl	aw	0.300	14-May	16-May	30-May
Ezra Hldgs	bh	5.000	3-Jun	5-Jun	18-Jun
Federal Intl	ak	0.800	8-May	12-May	28-May
Federal Intl	bh	0.800	8-May	12-May	28-May
Ferrochina	bo	1.000	30-Apr	5-May	26-May
Financial One #	av	3.000	14-May	16-May	30-May
First REIT	ad	0.190	29-Apr	2-May	30-May
First REIT	ao	0.150	29-Apr	2-May	30-May
First REIT	aq	1.510	29-Apr	2-May	30-May
Food Empire	an	1.900	9-May	13-May	26-May
Fraser And Neave	aw	5.000	28-May	30-May	12-Jun
Frasers Centrepoint Trust	ag	1.640	30-Apr	5-May	30-May
Frasers Centrepoint Trust	aq	0.110	30-Apr	5-May	30-May
FSL Trust #	ag	2.590	29-Apr	2-May	30-May
Fujian Zhenyun Plastics *	bs	9.960	28-May	30-May	19-Jun
Full Apex *	bo	1.000	7-May	9-May	5-Jun
Furama Ltd	be	75.000	21-May	23-May	3-Jun
Fuxing China Grp *	bo	5.000	2-May	6-May	27-May
Global Ariel	as	0.301	28-May	30-May	18-Jun
Guangzhou Invest @	ah	2.500	22-May	26-May	ai
Guthrie GTS	an	1.000	12-May	14-May	30-May
Haw Par Corp	ak	14.000	13-May	15-May	30-May
Haw Par Corp	bh	5.000	13-May	15-May	30-May
Heeton Hldgs	ak	0.600	12-May	14-May	28-May
Hengxin Tech	an	0.640	12-May	14-May	28-May
Hiap Hoe	an	1.000	13-May	15-May	30-May
Ho Bee Invest	ak	2.000	8-May	12-May	29-May
Hongguo Intl #	bo	0.970	5-May	7-May	28-May
Hotel Prop	ak	5.000	12-May	14-May	28-May
Hotel Royal	an	5.000	13-May	15-May	28-May
Huan Hsin	aj	0.800	13-May	15-May	6-Jun
Hwa Hong Corp	be	3.000	26-May	28-May	10-Jun
IPC Corp	am	0.250	6-May	8-May	30-May
ISDN Hldgs	ak	0.550	5-Jun	9-Jun	30-Jun
Jardine C&C #	bp	32.000	13-May	15-May	3-Jul
Jurong Tech Ind	ak	1.000	10-Sep	12-Sep	30-Sep
Kian Ho Bearings	an	0.200	13-May	15-May	3-Jun
Kian Ho Bearings	bh	0.200	13-May	15-May	3-Jun
Kim Eng Hldgs	ak	8.000	5-May	7-May	26-May
K-REIT Asia	ao	6.45-6.5	5-May	7-May	18-Jun
Lafe Tech #	bn	0.500	7-May	9-May	30-May
Linair Tech	aj	1.000	13-May	15-May	30-May
Lippo-Mapletree Indo Retail Trust	ad	0.350	6-May	8-May	30-May
Lippo-Mapletree Indo Retail Trust	bi	1.850	6-May	8-May	30-May
Lizhong Wheel Grp	ak	1.409	5-Jun	9-Jun	27-Jun
LKH	an	2.500	3-Jun	5-Jun	20-Jun
Lorenzo Intl	ak	0.850	13-May	15-May	30-May
Macarthurcook Ind REIT	ba	2.220	27-May	29-May	26-Jun
Macquarie MP REIT	ad	0.190	6-May	8-May	30-May
Macquarie MP REIT	ao	1.560	6-May	8-May	30-May
Macquarie MP REIT	aq	0.010	6-May	8-May	30-May
Mapletree Log Trust	ao	1.320	30-Apr	5-May	30-May
Mapletree Log Trust	ap	0.180	30-Apr	5-May	30-May
Mapletree Log Trust	aq	0.400	30-Apr	5-May	30-May
MCL Land	an	10.000	8-May	12-May	27-May
Metal Component Engg	an	0.100	6-May	8-May	28-May
Midas Hldgs	ak	0.500	3-Jun	5-Jun	25-Jun
New Toyo	ak	1.100	20-May	22-May	6-Jun
Noble Grp #	ae	2.480	20-May	22-May	6-Jun
Ntegrator Intl	an	0.250	10-Jun	12-Jun	30-Jun
OCBC	aj	14.000	26-May	28-May	10-Jun
Ocean Sky	ak	0.800	13-May	15-May	28-May
OKP Hldgs	an	2.000	13-May	15-May	28-May
Omega Navigation #	ba	50.000	15-May	20-May	30-May
Ossia Intl	an	0.850	6-May	8-May	30-May
Pac Century	an	0.500	12-May	14-May	26-May
Pac Shipping Trust #	aq	0.970	29-Apr	2-May	30-May
Parkway Hldgs	ak	4.510	2-May	6-May	27-May
Parkway Hldgs	aw	1.230	19-Jun	23-Jun	14-Jul
People's Food *	bn	5.400	13-May	15-May	6-Jun
Pine Agritech *	bn	0.900	15-May	20-May	6-Jun
Plife REIT	ag	1.620	12-May	14-May	9-Jun
Poh Tiong Choon	ak	1.250	8-May	12-May	26-May
Raffles Edu	aw	0.650	11-Jul	15-Jul	24-Jul
Reyoung Pharm *	bo	4.600	7-May	9-May	30-May
Rickmers #	bi	2.140	16-May	21-May	30-May
Riverstone &&	ak	2.035	8-May	12-May	30-May
S Chance	aw	3.000	13-Jun	17-Jun	2-Jul
SAT Svcs	ak	10.000	29-Jul	31-Jul	13-Aug
SBS Transit	ak	3.250	9-May	13-May	28-May
Shanghai Asia Hldgs	ak	1.200	8-May	12-May	30-May
Shangri-La Asia @	ah	12.000	15-May	20-May	4-Jun
SIA	ak	80.000	31-Jul	4-Aug	15-Aug
SIA Engg	ak	16.000	22-Jul	24-Jul	5-Aug
Silverlake Axis	aw	0.500	20-May	22-May	13-Jun
SingFood	ak	3.200	23-May	27-May	12-Jun
SingPost	ak	2.500	2-Jul	4-Jul	18-Jul
Sinopipe	an	1.200	13-May	15-May	30-May
SM Summit	an	0.500	6-May	8-May	29-May
SMRT Corp	ak	6.000	16-Jul	18-Jul	4-Aug
Southern Packaging	bt	0.730	15-May	20-May	10-Jun
SP Ausnet ^	Fixed annual gross Preference Dividend	1.655	4-Jun	6-Jun	23-Jun
SP Ausnet ^	ab	0.736	4-Jun	6-Jun	23-Jun
SP Ausnet ^	ac	3.397	4-Jun	6-Jun	23-Jun
StarHub	aw	4.500	20-May	22-May	6-Jun
Sunmart Hldgs	an	0.400	15-May	20-May	30-May
Suntec REIT	ao	2.388	7-May	9-May	29-May
Suntec REIT	aq	0.131	7-May	9-May	29-May
Sup Multi-Pack	an	0.400	20-May	22-May	9-Jun
Superbowl Hldgs	aw	1.500	13-May	15-May	30-May
Swissco Intl	ak	0.200	27-May	29-May	12-Jun
Swissco Intl	bh	0.800	27-May	29-May	12-Jun
Synear Food *	bo	7.270	15-May	20-May	6-Jun
Tan Chong Intl @	ah	4.500	22-Apr	24-Apr	28-May
Thai Beverage ^^	ah	17.000	5-May	7-May	26-May
TPV Tech #	bn	2.020	29-Apr	2-May	27-May
Transit-Mixed	ak	1.500	19-Aug	21-Aug	5-Sep
UMS Hldgs	ak	1.000	9-May	13-May	29-May
Unisteel	ak	3.500	30-Apr	5-May	26-May
Unisteel	bh	1.500	30-Apr	5-May	26-May
United Food *	bn	1.500	22-May	26-May	17-Jun
United Overseas Australia Ltd ^	br	0.700	13-May	15-May	30-May
UOB	ak	45.000	8-May	12-May	26-May
UOB-Kay Hian	ak	11.890	12-May	14-May	29-May
UOI	ak	12.000	8-May	12-May	26-May
Vicom	ak	2.750	9-May	13-May	28-May
WBL Corp	aw	5.000	10-Jul	14-Jul	4-Aug
Wee Hur Hldgs	aw	1.000	3-Jun	5-Jun	18-Jun
Yanlord Land	an	1.210	14-May	16-May	6-Jun
Yellow Pages	ak	2.000	31-Jul	4-Aug	20-Aug
Zagro Asia	an	1.000	13-May	15-May	29-May
Legends : (#) US$; (*) Rmb; (@) HK$; (^) A$; (&) Pound; (##) Rupiah; (**) Yen; (@@) Euro; (^^) Baht; (&&) RM; (@@@) Peso; (^^^) Rs; (&&&) NT$; (aa) 200607-191207 4.2% Pref Net of 27%; (ab) 200607-191207 4.5% Pref One-Tier; (ac) 300607-301207 Pref Net of 18%; (ad) Capital; (ae) Cash/Bonus; (af) Cash/Bonus Tax Exempt (One-Tier); (ag) Dividend/Distribition; (ah) Final; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (al) First and Final Net; (am) First and Final Tax Exempt; (an) First and Final Tax Exempt (One Tier); (bl) Interim Special Tax Exempt (One Tier); (bm) Second and Final Tax Exempt (One Tier); (bk) Fourth Quarter; (ao) Income; (ap) Income Capital; (aq) Income Tax Exempt; (ar) Income Tax exempt (one-tier); (as) Interim; (at) Interim Cash/Bonus; (au) Interim Net; (av) Interim Tax Exempt; (aw) Interim Tax Exempt (One Tier); (ax) Interim Tax Not Applicable; (ay) Net; (az) Ordinary Tax Exempt; (ba) Quarter; (bb) Special; (bc) Special Interim; (bd) Special Interim Net; (be) Special Interim Tax Exempt (One Tier); (bf) Special Net; (bg) Special Tax Exempt; (bh) Special Tax Exempt (One Tier); (bi) Tax Exempt; (bj) Tax Exempt (One-Tier); (bk) Final Tax Not Applicable with scrip Div scheme; (bo) First and Final Tax Not Applicable; (bp) Final Tax Exempt (One Tier), with a scrip alternative; (bq) Final with a scrip alternative; (br) Final with Dividend Reinvestment Plan; (bs) First and Final; (bt) First and Final Tax Exempt (One Tier) with scrip Div scheme; (ai) To be announced;

China Hongda resumes quake-hit zinc operations

SINGAPORE, May 23 (Reuters) - A nonferrous metals unit of China's Sichuan Hongda Co has resumed operations halted after a deadly earthquake on May 12, the company said on Friday.

Sichuan Hongda, which operates 100,000 tonnes of annual zinc smelting capacity, is the biggest producer of the metal in the northern province of Sichuan.

"Our nonferrous metals subsidiary resumed production on May 21," the firm said in a statement.

The subsidiary operates a zinc mine. The company did not say how much output was lost because of the production stoppage.

Its zinc smelter is capable of producing about 8,333 tonnes of refined zinc each month and is located in Deyang city, around 50 km (31.07 miles) from the epicentre of the earthquake in Sichuan that left nearly 80,500 people dead or missing.

Last week, Hongda said the listed firm's nonferrous metals production facilities had been seriously damaged.

The earthquake affected up to 500,000 tonnes of zinc production capacity in Sichuan and the southern provinces of Gansu and Shaanxi.

Some zinc plants in the affected areas, such as Hanzhong Bayi Zinc, restarted facilities as power supplies came back. On Tuesday, state-owned research group Antaike estimated about 350,000 tonnes of capacity remained shut.

(Reporting by Polly Yam; Editing by Clarence Fernandez)

Source

锌业股份：底部巨量超额换手后 有望加速补涨

看好理由一：循环经济概念 + 太阳能概念 公司生产的金属铟同时也被应用于太阳能电池领域，这也使公司具有了新能源题材，随着世界能源的日益紧缺，开发新能源已经成为各国的重要任务之一，而由于天气异常导致近期我国雪灾地区电力紧缺也从侧面反映出能源的重要性所在，另外，公司还具有循环经济概念，公司在搞好生产的同时，对最具有回收价值的多种金属进行回收利用，并新建了相关生产线，这一工程被列为公司发展循环经济的重点之一，既能为公司提高效能，同时也符合国家的相关产业政策。

看好理由二：硫酸价格大都上涨 估值有望提高 从2006年7月起，9万吨铅锌密闭鼓风炉系统正式投产，公司锌的生产规模扩大到39万吨；铅生产能力3万吨，硫酸年总产能达到70万吨。

此外，公司尚有10万吨电解铜生产能力。

公司已经是亚洲第一，世界第三大锌冶炼企业，另外公司还是亚洲第一大金属铟生产企业，占到全球的十分之一，应用范围广泛，潜力巨大。

看好理由三：公司主产品锌的生产能力位居全国首位

公司地处世界知名的葫芦岛，是东北和华北地区唯一的大型重有色金属冶炼企业，近邻铜、铅、锌消费市场，陆路、水路交通便利，物流费用低廉，进口原料资源与国内同行业企业相比有得天独厚的区域优势。

公司主产品锌的生产能力位居全国首位，公司产品质量好、信誉高，“HX”牌精锌在2006年获得“国家免检产品”证书。

锌、镉、锌粉获国家银质奖；硫酸获国家金质奖。

锌在伦敦金属交易所注册；电解铜在上海金属交易所注册。

产品广泛应用于冶金、机械、电子、医药、化工、军工等行业，远销20多个国家和地区，每年进出口总额在2亿美元左右。

看好理由四：严重超跌 反弹要求强烈

二级市场上，该股从11月初进入调整阶段以来，累计最大跌幅接近60%，这在两市中是罕见的，在本次调整行情中，该股的下跌幅度也超过40%，无论是中期还是短期，该股都处于严重超跌状态，存在着强烈的反弹要求，预计该股短线仍将延续强劲反弹势头，值得投资者重点关注。

Source & Chart

铟再度引起关注

[安泰科讯]从3月底开始，国际市场铟价持续上涨，国际价格两天一报价，上周五公开报价已经到了670－730美元/千克,我国主流企业出口价格已经在600美元/千克以上,国内价格在3800元/千克左右。但市场实际成交并不活跃。

这次价格上涨是国内外主要生产商和贸易商联合抬价的结果，也是中国主要生产商长期惜售的必然结果，当然中国减产和出口锐减使得基本面改善，为市场价格提升提供了基础。

大多数生产商认为，价格上升到一定程度应该保持稳定，才有利于行业的长期持续发展，价格暴涨对长期发展并没有好处，因为价格过度会刺激生产，也会抑制需求或者刺激替代品问世。

但是，有消息认为，美国某私募基金已经瞄准铟，准备炒作铟价。

国内已经有私人基金开始囤积铟，准备持货3年左右，等待铟价大涨。

Source

中国股市的多晶硅军团

近年来，太阳能用单晶硅的原材料多晶硅价格大幅度上涨，由每公斤30美元上涨到每公斤340美元(约人民币2500元)。由于国外企业对多晶硅生产技术的封锁，国内多晶硅一直供不应求。

于是，具有明显资金优势的沪深上市公司纷纷斥巨资进军多晶硅产业，组成了多晶硅“军团”。

稀缺的原料

据业内人士分析，未来几年内，全球太阳能产业将以30%以上的速度快速增长。而调查公司富士经济的一份报告预计，2010年度全球市场规模将扩大至2006年度的3.7倍，达到27716亿日元。其中太阳能电池的主流是结晶硅型。目前每生产1MW的硅片约需要10～12吨的多晶硅原料。2006年中国太阳能电池的实际产量达到了490MW (国际保守统计的数据是369MW)，产能已达1200MW，中国紧随日本和德国之后，成为世界第三大太阳能电池生产国。但所需原料(多晶硅)几乎全靠进口。

2007年中国能够提供多晶硅产品的厂家总共只有4家，2007年这4家投产企业年实际生产量尚不足1000吨，而这1000吨的多晶硅仅仅只够80兆瓦太阳能电池的生产需求。

2007年初，新光硅业在实现多晶硅项目投产之际，其信心百倍——“2007年达到设计产能的90%，2008年达到1260吨的年设计产能”，而在刚刚过去的2007年，新光硅业连设计产能的20%都还没有达到。如今他们对外的说法谦虚了不少——“2008年计划将更加接近1260吨的设计产量目标”。

而坚持了四十余年多晶硅生产的四川峨嵋半导体材料厂，在市场如此紧需的情况下，其2007年的产量也没有超过300吨。

目前，全球多晶硅的生产主要集中在美国、日本、德国8大厂商，这些国外多晶硅巨头往往都依附国际一流化工集团，其拥有成熟的技术、大规模生产经验以及一流的专业人才，而他们的投产建设期都是两年，完全达产则需要四至五年，

但中国企业的技术是否能够在2年时间内就支撑起数亿资金投入的多晶硅项目，还需要假以时日。至少要到2010年才能看到产能效果。在这段时间里，根据里昂证券亚洲公司分析预计，全球太阳能发电产业的平均税前利润率约为25%～20%，其中多晶硅料的税前利润率约为50%～35%，远高于后端的硅片、电池片及组建等中下游环节的税前利润率。

巨大的投资

目前，共有9家上市公司公告投资兴建多晶硅生产工厂。如特变电工（爱股,行情,资讯）1月22日发布公告，公司计划投资设立特变电工多晶硅有限公司，投资建设1500吨/年多晶硅项目。新公司拟注册资本4亿元，其中特变电工将出资3亿元。

多晶硅有限公司成立后，将投资建设1500吨/年多晶硅项目。该项目固定资产投资14.0681亿元，其中本次股东出资4亿元，其余资金通过银行贷款及其他方式解决。

2月5日，春节前的最后一个交易日，另一家上市公司通威股份（爱股,行情,资讯）宣布以1.91亿元收购通威集团主要化工资产——四川永祥50%的股份。

四川永祥是通威集团与巨星集团合资的化工企业，2002年11月成立，注册资金为3.08亿元，下辖四川永祥多晶硅有限公司、乐山永祥硅业有限公司和乐山市永祥多晶硅有限公司3个子公司，以生产多晶硅、聚氯乙烯(PVC)和电石渣水泥为主。

在永祥多晶硅二期工程启动仪式上，通威集团董事长刘汉元表示，第一期工程已经投入了近7亿元资金，而根据规划，整个万吨多晶硅项目的投入需要近百亿元。

此前，2007年，江苏阳光（爱股,行情,资讯）也宣布举40亿元巨资在宁夏回族自治区打造多晶硅产业。

被多晶硅暴利诱惑的远不止上述几家公司。初步统计，仅公告明确要投资多晶硅项目的上市公司就有天威保变（爱股,行情,资讯）、川投能源（爱股,行情,资讯）、乐山电力（爱股,行情,资讯）、岷江水电（爱股,行情,资讯）、南玻A、航天机电（爱股,行情,资讯）等，规划总投资额达数百亿元。

在国家支持光伏发电等可再生能源的背景下，光伏产业前景无限。加上近来其下游产业产能急剧扩张，对多晶硅的需求将越来越大，投资多晶硅正是顺势而为。

潜在的风险

只要是投资，就会有风险。多晶硅投资同样也不例外。

风险之一是速度。多晶硅产业正在演绎“生死时速”，在这场竞赛中，快者生存。仅目前规划的多晶硅项目中，如果一期投产，就将多增多晶硅产量3.2万吨/年，几乎相当于目前市场需求的总和。市场供应逆转之后，多晶硅价格大幅下挫将不可避免，而如果没有高回报做支撑，多晶硅项目高昂的投资将变成巨大的负担，变得非常危险。

目前国内除了上市公司外，另有20余家企业在进军多晶硅行业，到2010年的计划产能将达到10万吨以上。而多晶硅生产线的建设期较长， 一般要一年半到两年的时间，此外从投料生产到完全达产还需要三至四年，这段时间里，充满政策变数(主要是国外的)和市场风险。

风险之二是成本。多晶硅投资堪称吞金机器。高产出意味着高投入。一个1000吨的项目需要投资约10亿元人民币，而生产多晶硅的最优经济规模是2500吨。如此测算建造一条最优规模的生产线需要25亿元人民币。

除此之外，生产的成本问题是致命的。据专家介绍，多晶硅的主要成本是电力，占总成本的70%～75%。目前多晶硅的主要生产方法是改良西门子法和流化床法。国内全部用改良西门子法，每公斤电耗多在300kWh以上，成本价在450元/公斤左右；而国外大厂是专业型的化工一体化企业，其每公斤电耗在100kWh左右，成本在30 美元/公斤以下。

而且国际大厂正在研发新流化床法，电耗水平将降至每公斤30kWh左右。同时国际多晶硅及光伏生产厂家都有严格的风险控制，其大宗交易为规避风险，都通过长单将价格进行了锁定，主流的多晶硅供应依然是按照长期合同的供应价，这些供应价有的依然不到100美元/公斤。

所以，国际大厂不加速扩张生产多晶硅。相反，国际大厂选择了集体谨慎，由于新工艺和替代品双重阻击的不确定性，国外大厂对多晶硅主要集中在研发上。事实上，具有垄断优势并实施技术封锁的国际前六大多晶硅生产公司，到2010年的扩产计划仅不到5万吨。

业界认为全球多晶硅在2010年前不会出现过剩，问题是多晶硅定价权掌握在只有我们成本几分之一的国际大厂手中，需求旺盛不能保证价格稳定，届时多晶硅企业的情况还很难说。

风险之三是替代。现时中国的能源结构中，约95%是传统能源，其中绝大部分是靠燃烧化石燃料(即煤、石油、天然气和其衍生产品)，清洁能源(所谓“绿色能源”)仅占5%，约五年后后者可占能源结构的10%，约二十年后占国内能源结构的25%。清洁能源即可替代能源(renewableenergy)，如：风力发电、太阳能(光伏、光热)、水力发电等。

但问题是，眼下，多晶硅太阳能企业的发电成本在每度电4元，接近火力发电的10倍，在中国尚无法工业化大批使用。所以，中国生产的光伏产品几乎全部出口。

而非晶硅的发电成本则要低得多。非晶硅技术中，薄膜技术是第二代太阳能光伏技术，主要包括非晶硅技术、碲化铬技术和铜铟硒(CIS)技术等，发展前景广阔。其中，CIS型太阳能电池的市场规模2006年度为45亿日元，预计2010年度将迅速扩大至4725亿日元。

尽管如此，非晶硅并非尽善尽美，不容忽视的一大“硬伤”便在于其较低的转换率。一般非晶硅薄膜电池的光电转换效率在4.5%～5% 之间，还不到传统电池的一半，不过，这个难题如今正被逐步攻克。

非多晶硅发电成本是多晶硅的1/3，一旦解决不稳定和光电转换效率低这两个问题，将给行业带来革命性的影响。

“相对于4元1度电的多晶硅发电成本，强生可以在两年内把成本降到1元1度电”。立志成为世界前五大非晶硅太阳能企业的上海强生光电董事长沙晓林称。

据沙晓林称，再生能源协会最近向人大提交的报告中提到了再生能源上网的电价问题，上报的方案是3.75元一度电。如果该方案得以执行，那么，非晶硅企业的“利润空间很大”，而多晶硅企业将面临亏损。

总之，薄膜电池的推出会给多晶硅投资热带来一定风险。有业内人士表示，非晶硅及薄膜电池作为多晶硅太阳能电池产品的替代品，技术在不断进步，很可能会对多晶硅太阳能电池的产业链带来大的冲击。

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Singapore Hot Stocks-Jiutian soars to 7-wk high after share sale

SINGAPORE, May 23 (Reuters) - Singapore-listed Jiutian Chemical Group rose more than 16 percent to a seven-week high of S$0.18 with over 63 million shares traded after it raised funds through a private share placement.

The share sale was to fund a higher stake in a methanol production plant in China.

Dealers said investors were optimistic about the future of the China-based chemical firm after the S$37.2 million ($27.4 million) offering was taken up by a number of investors including DBS Vickers Securities (Singapore) and Chew Hua Seng, CEO of Raffles Education Corp .

"There will be dilution of its shares with the equity placement, but the future prospects of the company are attractive to institutional investors. Other retail investors are buying on that," a dealer said.

But CIMB analyst Jessie Lim kept her "underperform" rating and a price target of S$0.10 on Jiutian's stock, citing the stake increase as "pricey".

"We prefer to maintain our conservative assumptions at this juncture to account for execution risks and potential start-stop problems at the new plant," Lim said in a client note.

0255 GMT - Straits Times Index <.FTSTI> was up 0.27 percent.

($1=1.359 Singapore Dollar)

CAPITAMALL HITS 2-MTH LOW AFTER BONDS ISSUE

CapitaMall Trust , Singapore's largest real estate investment trust, fell as much as 8.8 percent to near two-month low of S$3.20 per unit after the REIT said it plans to issue convertible bonds to fund an acquisition.

Dealers said the bonds issue would dilute CapitaMall's (CMT) price per unit, which dropped to S$3.20 with over 8 million units traded.

Moody's on Thursday affirmed the REIT's A2 credit rating but changed the outlook to negative, citing the increase in debt ratio to 45 percent from 35 percent and other financial risks related to the acquisition.

UBS kept their investment rating for the trust at "buy" with a price target of S$4.56, saying in a client note that the acquisition was "attractive".

"The convertible bonds issue and low headline asset yield may cause some short term price weakness, however, we would use this as a buying opportunity," UBS analysts said, adding that they would revise forecasts once the convertible bonds issue price is set.

0211 GMT - Straits Times Index <.FTSTI> was up 0.27 percent.

(Reporting by Tan Wei Xin, editing by Ovais Subhani) ((weixin.tan@thomsonreuters.com; +65 6403 5667; Reuters Messaging: weixin.tan.reuters.com@reuters.net))

Guoco Boosts Rank Plc Holding

Published: Friday, May 23, 2008 Online-Casinos.com

GUOCO BOOSTS RANK PLC HOLDING Asian business group now owns 11.24 percent of UK gambling company Guoco, an Asian based group has increased its holding in the British land and online gambling firm Rank plc to 11.24 percent, or some 44 million shares according to stock exchange filings and reports in the UK business press this week.

The Asian company has been incrementally growing its ownership stake since the beginning of the year (see previous Online-Casinos.com/InfoPowa reports) moving first from 4 percent to 10 percent in April 2008 and now to 11.24 percent, fuelling speculation that it is moving toward a takeover bid.

Guoco's latest move enables it to overtake the Malaysian Genting group, which holds some 11 percent of Rank.

A spokesman for Rank Group plc said Hong Leong Co. (Malaysia) Berhad holds the shares, with voting rights by Asia Fountain Investment Co. Ltd. (AFI) a subsidiary of Guoco Equity Assets Ltd.

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Indonesia awards exploration rights for five blocks

JAKARTA, May 23 (Reuters) - Indonesia awarded exploration rights for five oil and gas blocks to several companies on Friday including Italy's Eni, Malaysia's Petronas and China's CNOOC, a senior energy ministry official said.

The exploration rights could help Asia's only OPEC member but Southeast Asia's top diesel and gasoline importer lift its oil output and reduce the impact of high international oil prices on its budget.

Luluk Sumiarso, a director general at the ministry, said the government had awarded the exploration rights for the West Timor block to Italy's biggest oil and gas group, Eni.

The award for the Southeast Palung Aru block went to a consortium of China's CNOOC and Malaysia's Petronas while Genting Oil, a unit of Malaysia's Genting Bhd , obtained the exploration rights for the Kasuri block.

"The drilling of nine exploration wells will cost $157 million and the total investment for these blocks could reach $201.45 million," Sumiarso told reporters.

The country also awarded the exploration rights for the Rangkas block to Lundin Oil and Gas B.V., and the exploration rights for South Barito went to Murphy Overseas Venture.

Indonesia's crude oil output for April was estimated at 854,800 barrels per day, slightly below the March figure of 859,000 barrels but higher than December's output of 837,600 barrels.

(Reporting by Muklis Ali, writing by Harry Suhartono, editing by Sugita Katyal)

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新加坡股市收盘下跌，受地区股市下挫拖累；市场倾向于走低

新加坡股市周五收盘下跌，受亚洲主要股市下跌拖累。

投资者对宏观经济前景的担忧情绪是导致亚洲主要股市下跌的原因。

基准海峡时报指数下跌38.71点，至3122.15点，跌幅1.2%。

该指数30只成份股中有22只下跌。

大盘409只股票下跌，224只股票上涨。

成交量约为16亿股，周四成交量为18亿股。

一家当地经纪公司的交易商表示，股市仍倾向于下跌。

问题还没有得到解决，还将在一段时间产生影响。他所指的问题来自美国经济疲软、信贷紧缩以及全球通货膨胀。

新加坡股市收盘走低，受油价再创纪录新高影响

新加坡股市周四连续第三个交易日收盘走低，受油价飙升导致通货膨胀忧虑加剧的影响。

大华继显(UOB-KayHian)的分析师K. Ajith表示，目前只有石油、燃气和大宗商品类股走势良好，大盘其余类股可能会进一步下跌。

一些类股得益于高油价而走高，从而限制了大盘跌幅。

海峡时报指数收盘跌36.04点，至3160.86点，跌幅1.1%，脱离盘中低点3138.55点。

30只成份股中有25只下挫；大盘有398只股票下挫，237只股票上涨。

市场成交量约为18亿股，低于周三的22亿股。

华鲁恒升：煤化工巨头 有望强势上攻

银河证券 孙卓

大盘今日呈现冲高回落走势，盘中电力和化工两大板块表现突出，近期由于部分化工产品涨价引发了化工行业整体景气度提升，最近一段时间(002217)联合化工（爱股,行情,资讯）、(002061)江山化工（爱股,行情,资讯）以及(000059)辽通化工（爱股,行情,资讯）表现十分强劲，化工板块短线有整体启动迹象，投资者可以关注(600426)华鲁恒升（爱股,行情,资讯），该股作为煤化工巨头，有望展开强劲上攻。

煤化工巨头 增长潜力大

公司已形成化肥、化工“双轮驱动”的煤化工产业格局，06年11月公司以7.5元/股定向增发8000万A股募资5.836亿元建设洁净煤气化（爱股,行情,资讯）生产20万吨/年醋酸项目。醋酸广泛应用于化学工业、医药工业、轻工业、纺织工业等行业，公司依托自身的洁净煤气化技术平台，利用原料甲醇和一氧化碳上的供应优势，建设醋酸项目可取得良好的经济效益，总投资14.6亿元，建成后可实现9.5亿元的年销售收入、2.8亿元的利润总额，预计08年底建成投产、09年发挥效益，可以预见随着项目的达产，公司未来几年业绩有望出现明显的提升。
　　
细分行业龙头
　　
公司是DMF(二甲基甲酰胺)行业龙头，07年6月公司扩建的8万吨/年DMF生产线项目主要装置生产流程已经打通，公司DMF产能已达到23万吨/年，成为目前世界上最大的DMF生产商，与江山化工(002061)合计的国内DMF市场占有率为七成左右。公司在一碳化工产业链条形成的基础上，未来将在进一步拓展国际市场和DMF产品系列化上下足功夫。公司成功开发了以甲醇、甲醛、有机胺和DMF为代表的一碳化工产品链，其中20万吨甲醇项目采用了具有自主知识产权的水煤浆气化技术，成为06年石油化工协会的技术进步特等奖。公司计划将该技术复制到与内蒙合作的甲醇和二甲醚装置上，未来公司也计划兼并重组其他的煤化工企业，并利用水煤浆气化技术对其进行改造，充分发挥新技术的成本优势。

有望强势上攻

二级市场上，该股近期始终在上升通道震荡走高，5日均线对股价形成强大支撑，今日该股再度调整到5日均线附近，并得到了通道下轨的支撑，短线该股有望强势上攻，值得投资者密切关注。 　

来源：银河证券

Source

Genting says Singapore casino costs under control

By Jennifer Tan

KUALA LUMPUR, May 21 (Reuters) - Malaysian casino operator Genting Bhd does not expect further cost over-runs for a casino it is building on Singapore's resort island of Sentosa, the company's chief executive said on Wednesday.

Resorts World at Sentosa Pte Ltd, a wholly owned unit of the Singapore-listed arm, Genting International, is building the casino at a cost of up to $$6 billion ($4.4 billion), about S$800 million, or 15 percent, above its initial budget, due mainly to higher construction expenses.

"At this point, we are staying at $6 billion. Concerns about cost over-runs for the project are unsubstantiated," Lim Kok Thay, Genting's Chairman and CEO, told Reuters on the sidelines of a tech conference.

"Costs are under control despite high oil prices," he added.

Genting unveiled the higher price tag for the casino project last November and said it would cover the additional expenses through project financing at the resort level.

The raised budget covers the cost of six new attractions as well as improvements to transportation and access infrastructure, with higher building costs accounting for half of the increase.

Lim said there was no need to raise any more funds for the project.

"The recent financing we announced has catered for the increase in construction costs. All the financing are in place, there is no need for further financing," Lim said.

In April, Resorts World at Sentosa said it had obtained a S$4 billion syndicated loan to fund the casino project.

In December last year, Genting International and sister company Star Cruises won the right to build and operate Singapore's second casino resort.

The 49-hectare project will include a Universal Studios theme park, a giant oceanarium with 700,000 aquatic creatures, and six hotels with more than 1,800 rooms. The resort is scheduled to be completed in 2010.

Singapore's first casino site, a 20.6-hectare piece of waterfront land at Marina Bay near the financial district, was awarded to Las Vegas Sands in May 2006.

The city-state legalised casino gaming in 2005 as part of its ambitious plans to double visitor arrivals to 17 million by 2015.
($1=1.360 Singapore Dollar)
(Editing by Ramthan Hussain and Lincoln Feast)

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