Good stock to be introduce - FerroChina.

The stock that I going to introduce is FerroChina, this is not a China company, why is it so?
Because they are a group of people that are expert in Galvanized steel making that are from Taiwan. They are using a fairly cheaper method of manfacturing and enviromental friendly way to produce masses tonnes of Galvanized steel, They claim that they are the leading Galvanized steel maker in China. Galvanized steel is very potential in China, because they are cheaper to be purchase by common China people to used the Galvanized steel for building of their house, this is the recent China housing building method as they use, China have phase out the old method of building their house. And in the coming future China will have many major big events that needed Galvanized steel as the structure of building, like Beijing 2008 Olympic Games and other many..etc.

This is the part of the story of FerroChina started in China:-
In Oct.2003, the company's Board of Directors decided to increase the total investment by US$22,500,000 to bring in another hot-dip galvanizing line with the design annual production capacity of 400,000 tonnes (i.e. Stage2 of the Project). Total increased investment capital in phase Ⅲ is USD 60.2 million, the design annual production capacity of phase Ⅲ is 400,000 tonnes. And increased registered capital is USD 30.88million.The land square is 150 mu(i.e. 100050 m2 ).

Now Changshu Xingdao Advanced Building-Material Co., Ltd is fully owned by Ferrochina Limited, which is incorporated in Bermuda .

With the aim to obtaining the greatest value for all involved parties by means of strengthening economic co-operation, technical communication guided by the win-win strategy ,the company will frankly cooperate with its partners, suppliers and customers and continuously upgrade the quality of the products through application of advanced foreign equipments and technologies. Meanwhile the company will give more attention to protect the environment. More energy will be spent on exploiting the foreign advanced building-material markets and satisfying the needs of our various customers. All employees of the company will sincerely act on the policy of team sprit, continuous improvement, innovation and value creation and continuously pursue the state of super excellence. The company will make great effort to promote the local economy through hard working. The company will also actively take part in and promote the development of local society's culture, education, medical care system and social welfare.

They are from the FerrorChina website:-
The History http://www.ferro-china.com/history.asp
http://www.xing-dao.com/en/lsyg.asp
http://www.xing-dao.com/en/scsb.asp

Investor http://www.ferro-china.com/investor.asp

Inside trading http://www.ferro-china.com/investor.asp

The FerroChina Video Steaming. (This will make you more confident in FerroChina)
Corporate Video Click here to download

IPO Launch Video Presentation http://ss1.shareinvestor.com/ir/ferrochina/ipo_launch/index.htm

1HFY2005 Results Presentation http://ss1.shareinvestor.com/ir/ferrochina/1h05/index.htm

1HFY2006 Results Presentation http://ss1.shareinvestor.com/ir/ferrochina/1hfy2006/Web/Script/index_IE.htm

newspress http://www.listedcompany.com/ir/ferrochina/newsroom/newsroom.cgi?

Companies Earning Announcement Date.

The coming future companies earning announcement may will put pressure on STI index to push even high than present 3600, something like 3700 to 3800 or even higher may expected.

So watchout for those date, it maybe the one of your portfolio stock that coming to earning announcement.

if the economy is going for a bad performanc the first to see is those company will report bad earning and they will be putting up a profit warning. we shall see how many of them are on the earning track.

Good Luck to you.

In God We Trust?

AP Oil at it's historical high.

Stock price of the AP Oil had rised that show the investor is confident on the future growth, I believe the future growth is potential as the CEO and the management know how to manage business and the company that will keep AP Oil on the growing path.

The above chart is the all year chart for AP Oil, it had aready hit $0.40 level that break the historical high. if they manage well for 2007 the stock price maybe see beyond $0.40 that give investor a confident on their business and their management.

I myself had bought at 0.14 @ 56000 shares, if look at present price it will have a profit of 65%

= [(0.40 -0.14) /0.40 ] X 100

Is nice to see that kind of result if you can spot the potential of the company that able to making money. stock investment needed to do homework, it's not a gamble game, because I'm not a stock trader but I'm a value and growth investor. understand their business so that you are able to profit from it.

Stock List Earning per shares 04/07/2007.

This is my personal potential stock list to watch out for:-
The list of value are the estimated earning per shares for this year 2007, the actual value of EPS maybe hit low than the listed here.

Stock name ------EPS (estimated)
ASIA Water ------- 0.33
AMTEK ---------- 0.09
Beauty China ----- 0.09
Best World ------- 0.10
China Essence ---- 0.46
China Fish -------- 0.13
China Milk ------- 0.52
China Petrotech -- 0.05
DeLong ---------- 0.36
FerrorChina ----- 1.14 (Rmb)
Global Testing --- 0.02
HG Metal ------- 0.07
Ho Bee ---------- 0.28
Innovalues ------ 0.06
KS Enegry ------ 0.24
LongCheer ------ 0.12
People Food ----- 0.78
TPV ------------- 0.10
UTAC ----------- 0.09
YHI ------------- 0.05

NOTE: Buy at your own risk! If you buying base on the above listed the risk is in your own hand and you are the ownership!

Rising oil prices test consumer.

if the high oil price stay up for quite sometime then there will have inflation occur. if there high oil price can be avoid that is a good things to see.

Will Hi-P recover this year?

Recently Suisse have upgraded HI-P International Ltd from "underperform"to "outperform"
with a target of $0.93

On the other side HI-P International Ltd hope that earnings will recover this year.

Hi-P International Ltd net profit for last year slumped 35.5% to S$57 millions as margins were
pressured by the higher material content of its product mix, higher staff costs
and excess capacity. The higher material is a main concern on higher crude oil price.

Plastic is a material that made by crude oil, tool steel that they used in making tools for plastic injection mould and others that needed steel material that are used the higher steel price.

The process of making plastic injection mould required some EDM process to form the complex profile of the plastic part required. most common used of electrode in EDM are copper which the price of copper have goes up a lot. Copper are in the demand that cause by lack of supply, mined copper supply are way behind the copper demand that are one of the reason that cause higher in price. The copper mine are getting hard to find in the world, supplying of copper are believe to be remain tight in the coming years if there is no solution on increasing the supply. recycle of copper does help to cool down the demand by a bit but it will not last long as China and india are continous to growing and developing.

if the crude oil price and copper price can slight down by increase the supply HI-P International Ltd may benefit from it. Govt. Tax cut may help HI-P International Ltd a little but will not last long in the long term business. They may have to change their overall business strategy to place themselve in a most benefit way. Will the increase of GST help HI-P International Ltd in their business?

So what can HI-P International Ltd promise their investors that the stock price will goes up? hoping to see a recover? Think about it first...

Company web site: http://www.hi-p.com

AUDITORS

Ernst & Young

BACKGROUND

The Company was incorporated in Singapore on 26 December 1980 under the name of Hi-P Tool & Die Pte Ltd. It changed the name to Hi-P Singapore Pte Ltd on 5 February 1997 and subsequently to Hi-P International Pte Ltd on 12 October 2000. It adopts its current name on 10 October 2003.Hi-P is an integrated contract manufacturing services provider specialising in precision plastic injection molding, mold design and fabrication, assembly, surface finishing and precision metal stamping. It provides turnkey contract manufacturing services to its customers in the consumer electronics & electrical industry. Its customers are mainly multi-national original equipment manufacturers in:• Telecommunications• Consumer electronics & electrical• Data storage• Life sciences / medical• AutomotiveIts principal markets include China, Singapore, USA and Europe. Its customers' end products include mobile phones, razors, electric toothbrushes, electric shavers, hairdryers, cameras (digital, reloadable and disposable), hard disk drives and medical devices.Some of its major customers include Motorola, Gillette, Braun, Siemens, Kodak, Seagate, Maxtor and Elcoteq. It has a total of 16 manufacturing plants, 13 in China (Shanghai, Chengdu, Xiamen, Tianjin, Qingdao, Suzhou), 2 in Singapore and another in Mexico.

Summary
Hi-P International Limited, together with its subsidiaries, is engaged in the design and fabrication of mold (MDF), precision plastic injection molding (PPIM), assembly, provision of ancillary value-added services (mainly surface finishing services) and precision metal stamping. The Company's subsidiaries are engaged in the manufacture of molds, manufacture of plastic injection parts, manufacture of camera products, spray painting, manufacture and sale of plastic product modules, manufacture of molds and related appliance plastic components, manufacture of metal precision components, provision of engineering support services, international sales and marketing activities, manufacture and production of in-mold decoration lenses, design and sales of electro-mechanical components, and manufacture of precision-stamped metal components and precision tools and die design and fabrication.

Will global economy entering a recession in 2007 or 2008?

The Recent global market sell-off is probably due to profit-taking more than a signal that the global economy is entering a recession?

There are Fund managers thinking of global economy maybe entering a recession this year 2007, but there is no positive idication of recession in asia market and business, there is news articles that post on world bank expected that global economy would see a slow down in 2007 and 2008. World Bank had come out a report on "Global Economic Prospects 2007" but the report needed to be purchase for reading.

Former Federal Reserve Chairman Alan Greenspan mention that "a recession in the U.S. is possible" which doesn't in-line with the present Federal Chairman Bernanke's outlook.

I have did a search on "market outlook 2007" to study more on outlook 2007 that written by those analysts out there. Is better to do your own research to know more about economy, is easy just do a search on engine to study those articles that posted on internet.

Or what you also can do is attend seminar that conducted by those fund manager like an example "Aberdeen Asset Management" they are the expert, they will do those study and conclude the outlook for you.

An advice to you is invest carefully, just do watchout for market news from time to time.

AP Oil had hit new high again, they have back in black again!

Hi reader, catch those summary point for AP Oil, those summary will be your guide in your investment. I have try my best to write everythings that I know.

环球石油集团去年全年取得690万元的净利，扭转了前年的亏损情况。

集团去年的收入激增41.8％，达6550万元。其中3550万元来自贸易；1896万元来自制造；1085万元来自特许经营。每股盈利报5.29分。集团每股净有形资产跃高72.8％至12.89分。
脱售AP石化（越南），使得环球石油集团获得一笔995万元左右的现金。
由于业绩好转，同时为了奖励长期支持集团的股东，它拟以每四股给一股的比例，派发红股。
环球石油往后将有四个增长策略：-一、在现有的市场增加宽度和深度，包括越南、中国和印尼；二、开拓新市场——印度、巴基斯坦、斯里兰卡和非洲；三、特许经营，希望在印度半岛和中东把最成功的孟加拉特许经营模式加以复制应用；四、合并与收购。

AP OIL International last year had made a net profit of $6.9 million, reversing the previous year's loss.This also back in the black for its 2006 financial year.
The lubricant and chemical specialist announced yesterday a net profit attributable to equity-holders of $6.97 million for FY2006, against a loss of $5.56 million for FY2005. Earnings per share came to 5.29 cents.

AP Oil has proposed a bonus issue of one new share for every four existing shares.
It attributed the turnaround to higher revenue, which grew 41.8 per cent to $65.48 million; better gross margins for its core businesses; and a $4.9 million extraordinary gain from the sale of its subsidiary AP Petrochemical Pte Ltd, which owned 80 per cent of AP Petrochemical (Vietnam) Co Ltd.

AP Oil Future growth strategy will be four of them:-

1.) Increase the breadth and depth of the existing market, including Vietnam, China and Indonesia.

2.) Opening up new markets -- India, Pakistan, Sri Lanka and Africa

3.) Franchising, in the Indian peninsula and the Middle East Bengal the most successful franchise model to replicate application.

4.) Mergers and acquisitions.

http://www.zaobao.com/cj/cj070223_524.html

http://business-times.asiaone.com/sub/companies/story/0,4574,225409,00.html?

AP Oil International Limited is a Singapore-based company engaged in the manufacture of lubricating oil, import and export of oil and fuel, dealing in paraffin wax, lubricating oil and grease, and investment holding. The Company's business segments include manufacturing, trading, and franchising and outsourcing. The manufacturing segment manufactures a range of lubricating oils and fluids, and specialty chemicals for industrial, automotive and marine applications, and provides blending services to its customers. The trading segment trades in base oil and additives, and specialty chemicals. The franchising and outsourcing segment trades in base oil and additives using the Company's brand name. AP Oil International Limited's sales are mainly to South East Asia, Indo-China, East Asia and other countries. AP Oil International Limited has formed a joint venture company in the Philippines, AP Tang Mining (Phil) Corp.

AP Oil had hit 52 week high!

The new trend is confirm to go up, this is cause by the 100 day MA and the 200 day MA is going to have a U-Turn, please take a look at the 5 year chart on the bottom one. if Previouly you put your money in AP Oil you would win some money by now.

http://singapore-sti.blogspot.com/2007/01/is-ap-oil-ready-going-for-rally.html

This is the Article that post by me on the 01/2007. I got no idea much higher will AP Oil move?

nice to know that STI have break 3300 level, next level well be 3,500 for STI.

Tung Sing stock price is on the all time high.

Tuan Sing stock price is doing well, this can be mean the company business is doing well as the stock volume had improve recently. Further on if the business can continue to well the stock price is believe to going even higher than now, Tuan Sing have not been perform well in the past six years in the stock price and the company business. The managment have do their best in restructing and re-engineering the company business & finance. Part of Tuan Sing business also support Singapore's construction sector as they can provide service in civil engineering services and infrastructure works. beside that they have other business sector. Hope to see more potential in the company business and the company stock price.

http://www.google.com/finance?q=T24&hl=en - Tung Sing on Google finance.

Link to company Website:-
http://www.tuansing.com/

AUDITORS

Deloitte & Touche

BACKGROUND

The Company was incorporated on 13 March 1969 as Hytex Ltd to manufacture polypropylene bags. It turned public on 2 May 1973. Following some financial difficulties and restructuring, the Company became an investment holding company on 20 September 1983 under its present name.The Group's primary business activities are property, technology and industrial services.The Property Division focuses on investment and development of prime residential, commercial, industrial and hotel properties in Singapore, China and Australia. TSH is a recognised quality developer of residential housing in both Singapore and China. The Group also holds a 25 percent stake in the Grand Hotel Group, a public listed company that owns luxury and mid-market hotels in Australia.The Technology Division consists of TS Technologies and its two subsidiaries Gul Technologies and TS Matrix. The publicly listed Gul Technologies, 60 percent owned by Tuan Sing Holdings, is a global printed circuit board manufacturer with operations in Singapore, China and the USA. TS Matrix, wholly owned by TSH, engages in semiconductor component testing and assembly in Malaysia.The Industrial Services Division consists of three core businesses: Marketing Services, Engineering Services and Manufacturing. Almost all of these activities are carried out under SP Corporation Limited (formerly SPP Limited), Tuan Sing Holding's 80 percent listed subsidiary. Marketing Services include the distribution of tyres and auto products, as well as the trading of selected industrial products like chemicals, oil, coal, rubber, metal and machinery in Asia. Engineering Services include civil engineering work, as well as geotechnical and environmental investigation and monitoring in Singapore and selected regional markets. Manufacturing activities consist of tyre retreading, tyre mould manufacturing and the production of polypropylene packaging bags.

Summary
Tuan Sing Holdings Limited is a Singapore-based company whose principal activities are industrial services, technology, property, retail, as well as corporate and others. The industrial services segment trades and distributes industrial products, tyres and auto related products; provides civil engineering services, infrastructure works, geotechnical instrumentation and investigation, environmental services and manufactures polypropylene woven bags, tyre mould and related products and tyre retreading. The technology segment manufactures and sells double-sided and multi-layered printed circuit boards, and conditions, tests and assembles semi-conductor components. The property segment develops properties for sale, property investment, provides property management, property consultancy and hotel management services. The retail segment distributes and markets golf and golf-related lifetsyle products; manages golf driving ranges and teaching schools and provides other golf-related services.

Noble Group may start a new trend stock movement.

There is indication that stock price may change the trend from the previous bearish trend. This is due to most of the market stocks are overweight in stock price that cause investors to focue on stock like Noble Group. Previously company insider trade on a few block purchase of stock but no Fund managers interested to purchase the stock during that time. commodities price may rise on the help of rising oil price. I try to have a record on what I have researched.

Reference and Article:-

Spotted Noble Group Limited had a volume surge before closing time. Thur, January 4, 2007

http://www.google.com/finance?q=SIN%3AN21 - Noble group on Google finance.

Link to Internet Website:-
http://www.thisisnoble.com

AUDITORS

Ernst & Young

BACKGROUND

Noble Group Limited was incorporated in Bermuda in 1994. Noble is Hong Kong-based, Singapore-listed and is a market leader in managing the global supply chain of agricultural, industrial and energy products. With 2004 revenue of US$8.6 billion, the Group operates a network of over 65 offices in 35 countries serving more than 3500 customers.

Summary
Noble Group Limited is an investment holding company in Singapore. The Company, through its subsidiaries, is principally engaged in managing global supply chain of agricultural, industrial and energy products; ship ownership, chartering and the provision of technical ship management services, and trade finance and coal mining. Noble Group Limited operates in two business segments: supply of raw materials, and vessel chartering and related operations. The supply of raw materials segment comprises the Company's businesses of supplying industrial and agricultural raw materials and commodities, coal mining and transport resources. The vessel chartering and related operations segment comprises Noble Group Limited's ship ownership, chartering and the provision of technical ship management services. As of October 23, 2006, DBSN Services Pte. Ltd. held a 37.47% interest in the Company. In November 2006, the Company acquired Sino Agri-Trade Pte Ltd and Great Wall Investments Pte Ltd.

CHT rated 'buy' target at SG$1.22 - UOB Kay Hian

UOB Kay Hian has initiated coverage on CHT (Holdings) Ltd, with a "buy" call and a price target of S$1.22 per share based on the Chinese adhesive tape manufacturer's steady earnings potential.

"As a major producer of specialty adhesive tapes, CHT is a direct play on the
fast-growing automobile sector in China and overseas," UOB Kay Hian said.

"CHT's acquisition of technological know-how through its joint venture with
Plymouth Rubber Co Inc and its low production costs are its key competitive
advantages," it added.

UOB expects CHT to post a 22.3% compounded annual growth rate for revenues
between 2005-2009, from 580.7 million yuan to 1.3 billion yuan, driven by the ramp-up in
utilisation rates.

It estimates CHT's net profits will grow to 156.5 million yuan last year from 113.6
million in 2005, to 205 million this year, to 221.6 million next year, and to 241.7 million in 2009.

AUDITORS

Grant Thornton, Hong Kong

BACKGROUND

The Company was incorporated on 31 December 2002 under the laws of Bermuda as a holding company. Its subsidiaries are established in China, Hong Kong and the British Virgin Islands. The Group's manufacturing facilities are located in Zhuozhou City, Hebei Province, China.The principal activity of the Company is investment holding. The Group is principally engaged in the business of the manufacture and sale of adhesive products, polyvinyl chloride ("PVC") film and pressure sensitive adhesive ("PSA"). It is also engaged in the manufacture and sale of machinery for the manufacture of adhesive products.

Company web site:-
http://www.chinahuaxia.com

Summary
CHT (Holdings) Ltd. is an integrated adhesive tape producer in the People's Republic of China. It is engaged in the development, manufacturing and distribution of categories of adhesive tapes, which include polyvinyl chloride (PVC) electrical tapes, biaxially orientated polypropylene (BOPP) and PVC packaging tapes, polyethylene and PVC protective tapes, masking tapes, PVC marking tapes, double-sided tapes, pipe wrapping tapes, cotton tapes and BOPP stationery tapes. The adhesive tape products segment manufactures and sells adhesive tapes such as electrical tape, packaging tape, protective tape and stationery tape for industrial and household use, as well as other related products. The PSA segment manufactures pressure sensitive adhesive for use in the manufacture of adhesive tapes. The PVC film segment manufactures polyvinyl chloride film for use in the manufacture of adhesive tapes. The machinery segment manufactures machinery use in the manufacture of adhesive tapes.

FerroChina stock price higher on hoping for high future earnings.

Kelive Research on FerroChina.
The investors hope the Ferrorhina will have robust earnings in future, with the group benefitting from demand for steel and from its expansion program.
Kelive Research estimates that by 2008, FerroChina will have a steel processing
capacity of 2.4 million tonnes, compared to 900,000 tonnes at present.
By that time, FerroChina will also have emerged as the largest producer of
galvanized steel in Asia.

Kelive Research expects FerroChina's net profit to have risen to 291 million yuan last year
from 146.1 million yuan in 2005, and to rise to 400.75 million yuan this year and 730
million yuan next year. Kelive Research‘s fair value for FerroChina is S$1.92 per share.

CIMB-GK on FerroChina.
FerroChina, a maker of galvanized steel coils in China, with an "outperform"
rating and a target price of $2.29 per share as it expects the company to
post robust earnings in the next two years on the back of its aggressive
expansion plans.

By 2008, FerroChina will have an aggregate capacity of 2.4 million tons, making it
the largest non-integrated galvanized still maker in Asia, CIMB-GK said.
Earnings will expand in tandem with capacity expansion.

CIMB-GK said it expects FerroChina's net profit to rise from 146.1 million yuan in
2005 to 289.3 million yuan last year, 364.1 million this year and 691 million next year.
Demand for galvanized steel is well diversified, with FerroChina recently
securing some US$317 million worth of orders from the UK, Australia, New Zealand, Israel, Italy and Southeast Asia.


AUDITORS
Deloitte & Touche

BACKGROUND
The Company was incorporated in Bermuda on 30 September 2004.The Group is a manufacturer of heavy gauge galvanized steel coils with thickness ranging from 0.6mm to 4.2mm and width ranging from 660mm to 1550mm. Currently, the Group has one galvanization production line with an annual production capacity of 300,000 tons for the manufacturing of its products. The Group is expected to expand its capacity to 700,000 tons a year when its second galvanization production line is put into commercial production by end May 2005.The Group's customers are mainly steel trading companies, steel structure engineering companies and steel processing factories in China.

Company web site:-
http://www.ferro-china.com/history.asp

Summary
FerroChina Ltd. is a steel processor engaged in the production and sale of galvanized steel coils, primarily heavy gauge galvanized steel coils, and other related products, with an annual production capacity of 700,000 metric tons. The concentration of the zinc layer ranges from 180 grams per square meter to 350 grams per square meter. The thickness of the Company's steel coils ranges from 0.6 millimeters to 4.2 millimeters and the width ranges from 600 millimeters to 1,550 millimeters. Its production facility is located in Dongbang Industrial Park, Changshu, Jiangsu Province, the People's Republic of China. It has made export sales to Singapore, Spain, the United States, the United Kingdom and Taiwan. FerroChina Ltd., through its wholly owned subsidiary, Twin Well Group Limited, holds a 100% equity interest in Changshu Xingdao Advanced Building-Material Co., Ltd. In December 2006, the Company acquired Xinghai and Xingyu.

Links:-
http://www.ferro-china.com/
Investor Relations
Corporate History/Profile
Products/Services

China Farm Equipment launches IPO at $0.345 of 62 million new shares.

China Farm Equipment Ltd, a China-based manufacturer of farm equipment, launched an initial public offer (IPO) here of 62 million new shares at $0.345 per share, aiming to raise S$17.8 million in net proceeds. The IPO comprises a retail tranche of 3 million shares and a placement tranche of 59 million shares. China Farm said it will use the net proceeds to acquire more plants, machinery and production facilities, enhance research and development capabilities, expand sales and marketing network and the rest for working capital requirements. SAC Capital Pte Ltd is the IPO manager, while UOB KayHian Pte Ltd acts as underwriter and placement agent. The public offer will close on February 7 and trading will commence on February 9.

"The directors believe that China offers substantial growth potential for
its farm equipment industry, China Farm said. "The Chinese government's support and encouragement for mechanization in the Chinese agricultural industry will lead to increased automation and growth and developmento of the Chinese agricultural industry," it added. The company said it intends to distribute dividends of not less than 30% of its net profit to shareholders for its 2006 financial year.
Its net profit surged 156.8% year-on-year to 33.9 million yuan in 2005 on the back of a 51.5% jump in revenue to 236.5 million yuan. For the 10 months to October 2006, the group posted net profit of 44.8 million yuan and revenue of 254.6 million yuan.

I think this is one the good investment in China stock especially in China farm equipment. The best is to look for Ex-state own company (mean last time the company was own by the Govt. but now is become private company.) in this way you will be safe and the growth will be potential. It is better to get as many information as possible that will reduce the risk in your investment.

UTAC's target price raised to $1.21

United Test and Assembly Center (UTAC) target had raised to S$1.21 from S$1.08 after
the company increasing its forecast of the net profit for this year by 1.3% to US$89.9 million .

UOB Kay Hian is keeping its "buy" rating for the UTAC. The reason for keeping the buy rating for UTAC is the Valuation is attractive, with the 2007 price-to-earnings ratio at nine times and price-to-book ratio at 1.4 times.

The brokerage expects UTAC to outperform the seasonally softer trend for the industry in the first quarter. It sees new opportunities for UTAC in its DRAM business, with the commercial
launch this month of Microsoft Corp's new Windows Vista operating system and its bid to be Hynix's outsourcing partner in China. The Mixed-signal business will benefit from new businesses in digital consumer and wireless applications in the second half.

Other Links:

http://finance.google.com/finance?q=United+Test+and+Assembly+Center

Corporate History/Profile
UTAC news press

Investor Relations

Executives

AUDITORS

PricewaterhouseCoopers

BACKGROUND

The Company was incorporated in Singapore on 26 November 1997 under the name of United Test Center Singapore Pte Ltd and subsequently changed its name to United Test and Assembly Center (S) Pte Ltd in January 1999. It was converted to a public company limited on 15 May 2000 and changed its name to United Test and Assembly Center Ltd.UTAC is a leading independent provider of test and assembly services for a wide range of semiconductor devices that include memory, mixed-signal/RF and logic integrated circuits. UTAC was ranked as the 9th largest independent provider of semiconductor test in 2002 by Gartner Dataquest. Headquartered in Singapore, UTAC has manufacturing facilities in Singapore and Shanghai, as well as well-established sales network in Singapore, China, the United States, Italy, Japan and Israel.UTAC offers full turnkey services that include wafer sort / laser repair, assembly, test, burn-in, mark-scan-pack and drop shipment, as well as value added services such as package design and simulation, test solutions development and device characterization, failure analysis, and full reliability test. The Company's manufacturing facility in Singapore is certified under ISO 9001, QS 9000, ISO 14001 and SAC Level I quality systems.Its customers comprise integrated device manufacturers, fables companies and wafer foundries that design and manufacture semiconductors that power modern electronic devices. Its expertise in both memory and non-memory (mixed-signal/RF and logic) semiconductor devices allow it to provide wide-ranging solutions such as multi-chip packages that integrate memory and non-memory die. For the non-memory segment, its "BM/W" strategy focuses on further strengthening its capabilities in the faster growing Broadband and Mobile/ Wireless communications sectors.

Summary
United Test & Assembly Center Ltd. (UTAC) is an independent provider of assembly and testing services for semiconductor devices that include memory, mixed-signal/radio frequency (RF) and logic integrated circuits. The Company offers services that include wafer sort/laser repair, assembly, test, burn-in, mark-scan-pack and drop shipment, as well as value-added services, such as package design and simulation, test solutions development and device characterization, failure analysis and full reliability test. The Company's customers comprise integrated device manufacturers, fabless companies and wafer foundries that design and manufacture semiconductors that power modern electronic devices. It provides a range of solutions, such as multi-chip packages that integrate memory and non-memory die. Its manufacturing facilities in Singapore, Taiwan and Shanghai, China are supported by a global sales network in Singapore, China, the United States, Italy, the United Kingdom, Japan and Korea.

SPC had just released the earning for FY2006.

Singapore Petroleum Co Ltd had just released the earning for FY2006 that the result is fell 29.5% year on year to S$284.57 million, the margins have soften during second half of 2006 this may cause by the higher cost of crude oil purchased for refinery to petroleum products. The recent crude price is lower for example during 2nd half of 2006 SPC maybe purchase the highest crude price at around near US$80/barrel compare to recent price of US$55/barrel there is aready a difference
of US$25/barrel and this is just difference in crude price purchase only that have not included the refinery cost and other costs, this can aready tell you how well is SPC doing in manage the costing.

results of year to December 2006:

Sales - 8.57 bln sgd vs 7.47 bln
Pretax profit - 338.48 mln sgd vs 439.10 mln
Net profit - 284.57 mln sgd vs 403.56 mln
EPS - 55.23 cents vs 79.22 cents
Final div - 20 cents; unchanged
Special div - 15 cents vs 12 cents

Crude oil price.
There is a lot of factors that causes the crude oil price to fall, for example China ready have enough in building up the crude oil reserve, world oil field activity on exploration, oil well drilling, well completion and crude oil recovery that are out numbers of projects that are carring out.(those news can be found on the past news on internet base on the exiting company news to know them.) also as well as the weather that make the demand of crude oil weaken, for example those country this year winter are warmer than last year. There is the news from those experts that said the coming February winter temperature may fall below than December 2006 and January 2007's temperture. I will watch how high the crude price will rebound. let's us see how first.

Invest in Oil stock is risky.
this is due to crude oil price is unpredictable. Even those hedge fund managers they themselve as a professional also making loss on buying crude oil. if you are interested you can look into some area that are extreme far below than market fair price like example AP oil is one of them that are traded at below market fair price and there is issue on CAD investigation going on and that had not resolved yet unitl now so the risk is there but is lower than buying expensive those one. AP oil is good for trading only by buying small amount of volume. - this is my view only, Please do your own research before you commit buying the stock.

Extra-
There is a recent news on US president that wants to put more effort on renewable enegry. This is to believe that the trend crude oil is going for bearish in long term (long term mean next 5 to 10 years time). so please beware of the risk in invest on oil stock.

AsiaPharm re-rate by Phillip securities Research.

AsiaPharm Group Ltd recently acquisition of CMNa and Solid Success Group could be possible to become one of the China's Top ten players in the cancer drug industry. The forecasted projection growth for the coming future need to do an adjustment in it's value, because those increased asset are able to get more revenue and increase of business market share (increase the strength in market position in China). This is to be believe there is a significant boost in AsiaPharm's revenue and the profit for the coming future. market analyst forecasted is about double-digit growth for the coming future earning.

The recent collaboration with KKC Corporation Co. Ltd (KKC)could help in conducting the cancer drug clinical trials process in Korea by effective cost saving and that will also help to obtain the necessary approvals to distribute cancer drug in Korea market. This is an incentive to Asiapharm in Korea market.

The company's management will continues to look for more value acquisition in the coming future and this is to done by issues new share placements.

On the other hand most of the Fund manager predicted China domestic market will growth as the certain percentage of the China population getting urbanize where demand is created and the living standard is improve. I believe that AsiaPharm are able to play a important role in China's market in the coming future.

AsiaPharm fair value is S$0.92 - Phillip securities Research

Is AP Oil ready going for a rally?

AP Oil International Limited had close higher at $0.165 and up by $0.015 is AP Oil shares price are going to recover to it's previous higher level?

Base on stock chart, AP Oil had hit to the bottom of the 5 year's low, the previous quarterly earning report show some recoverly and the cashflow had slight improved. The company management are projecting a good earning and improving of cashflow in the coming future quarterly report, as well as hoping for a good FY2007 earning.

NOTE: The Key Stats & Ratios are from Google Finance.

There is an issues on CAD's investigation going on and that have not been resolve to close the case, there maybe have doubt on the investigation.... that will leave to CAD to do their investigate. So just beware of the risk went you buy AP Oil, is better to buy at cheap from the 5 year's low.

NOTE: Please click the below picture for AP Oil's news site.

Please do your own research, the cashflow and some of the data will have to look out yourself on the AP Oil's recent quarterly report.

AUDITORS

Chio Lim & Associates


BACKGROUND
The Company was incorporated in Singapore under the name of Huan Chew Oil Trading Pte Ltd on 24 December 1975. On 24 March 2001, it was converted into a public company and changed its name to AP Oil International Ltd. The Group is principally engaged in the manufacture of lubricating oils and fluids for industrial, automotive and marine applications. It is also engaged in the supply and trading of base oils and additives used in lubricant production.Through its subsidiary, AIM Chemical Industries (Pte) Ltd (AIM), the Group provides tollblending and contract manufacturing services for specialty chemicals. AIM also supplies and trades in chemicals.The Group operates three manufacturing plants, two for manufacturing lubricants and one for manufacturing chemicals, in Singapore. One of its lubricant manufacturing plants has an oil terminal and a private jetty for loading and unloading of liquid cargo. The storage terminal and private jetty capable of berthing up to 15,000 tons of vessel will be completed by end March 2004. Equipment and machinery are expected to be ready by April and official operation is scheduled to be in June 2004.



Summary
AP Oil International Limited is a Singapore-based company engaged in the manufacture of lubricating oil, import and export of oil and fuel, dealing in paraffin wax, lubricating oil and grease, and investment holding. The Company's business segments include manufacturing, trading, and franchising and outsourcing. The manufacturing segment manufactures a range of lubricating oils and fluids, and specialty chemicals for industrial, automotive and marine applications, and provides blending services to its customers. The trading segment trades in base oil and additives, and specialty chemicals. The franchising and outsourcing segment trades in base oil and additives using the Company's brand name. AP Oil International Limited's sales are mainly to South East Asia, Indo-China, East Asia and other countries. AP Oil International Limited has formed a joint venture company in the Philippines, AP Tang Mining (Phil) Corp.

Results Announcement

The recent market rally is cause by the coming companies announcement on their earning result for the FY2006. Some company will have a good earning.

Learn to invest with insider trading. - SingTel

To have a good insider trading information is better to study the insider biography, background, history & education. Some company do publish the company CEO's biography, background, history & education that show that company is doing their part to make it transparency to the public investors. Those facts can be a good support that he/she knows how to run the business in the company if those facts are relevants to his/her position as a CEO.

Company insider (CEO, CFO etc..) know more about the company business and company operating activity, as well as business risk, business trend and other more...

Those posted picture are copy and paste from POEMS research column, the latest SingTel insider trading transaction record and the historical insider trading transaction as well.

POEMS - Phillip's on-line electronic Mart system.

AUDITORS: Deloitte & Touche

BACKGROUND

Singapore Telecommunications Ltd (SingTel) was corporatised on 1 April 1992 and is licensed to provide telecommunications and postal services in Singapore. The company was listed on the local stock exchange in November 1993 and is majority-owned (2006: 54.27 percent) by Temasek Holdings (Private) Limited. Headquartered in Singapore, SingTel is Asia's leading communications group, with operations and investments in more than 20 countries and territories worldwide.It provides a diverse range of services to meet the communications needs of consumers and businesses, including mobile and fixed-line voice and data, narrow band and broadband Internet services as well as integrated Information Technology and communications solutions.In Singapore, SingTel is the market leader in the telecommunications industry with more than 125 years of operating experience. Leveraging its experience in Singapore, it has successfully expanded overseas. In Australia, it has significant presence through its wholly-owned subsidiary, SingTel Optus – the second largest communications company in the country.Its other investments in Asia include AIS in Thailand, Bharti in India, Globe in the Philippines, Pacific Bangladesh Telecom in Bangladesh and Telkomsel in Indonesia.Its overseas presence further extends to 37 SingTel Global Offices located in Asia Pacific, South Asia, Middle East, Western Europe and North America that deliver network solutions to meet the needs of its multi-national clients, and a pan-Asian chain of 12 world-class data centres that offers a suite of managed hosting telecommunications solutions. These offices and centres are supported by an extensive infrastructure of sophisticated satellite networks and submarine cable systems that provides seamless connectivity across Asia Pacific and to the rest of the world.Today, SingTel is Asia's largest multi-market mobile operator outside China, serving 85 million mobile customers in the seven markets of Singapore, Australia, Bangladesh, India, Indonesia, the Philippines and Thailand.

Summary
Singapore Telecommunications (SingTel) is engaged in the operation and provision of telecommunication systems and services, and investment holding. The principal operations of SingTel are in Singapore and Australia. The Company has subsidiaries that are engaged in activities, such as the provision of mobile phone, Internet, information technology (IT) and consultancy services, and the sale of telecommunications equipment. SingTel also has interests in several other communications companies outside Singapore, including AIS in Thailand, Bharti in India, Globe in the Philippines, Pacific Bangladesh Telecom in Bangladesh and Telkomsel in Indonesia. SingTel has operations and investments in more than 20 countries and territories. In April 2006, the Company dissolved its dormant subsidiary, SingTel (Jersey) Private Limited. In October 2006, the Company sold its entire 40% stake in PT Bukaka SingTel International to PT Bukaka Telekomindo International.

Do your investment research is alway be safe to your investment, is good to know more rather than know nothing or know less. Internet is a good place to do search, if you know the technique of using the search engine and the keywords to search the valuable information.

Reference:-

http://home.singtel.com/about_singtel/board_n_management/senior_management/boardmgmt_seniormanagement.asp

http://en.wikipedia.org/wiki/Lee_Hsien_Yang

2nd Chance: A Muslim Apparel Retailer?

Author: Soon Fong

Who is 2nd Chance?

BACKGROUND
The Group started out as a sole proprietorship in 1975, when Mohamed Salleh set up Second Chance Enterprises to engage in the tailoring of men's garments. By 1976, the business had expanded to 3 tailoring shops. However, due to difficulty in expanding the tailoring business further, Second Chance Enterprises decided to switch to retailing of men's ready-to-wear fashion clothes in 1979.
In 1993, the Group opened its goldsmith shop, called Golden Chance Goldsmith. The gold jewellery retail business is currently the main revenue and profit contributor to the Group. In 1996, the Group expanded its gold jewellery retail business into Malaysia.
The Company was incorporated on 7 July 1981 as Indonesian Mercantile Traders (S) Pte Ltd. It changed its name to Second Chance Enterprises Pte Ltd in 1986 and to its present name in 1987 to reflect its change of status to a public limited company.
The Group is principally engaged in the retailing of ready-made wearing apparel, and gold and diamond jewellery, through a network of retail outlets in Singapore and Malaysia. Its 2nd Chance and First Lady outlets retail mainly the 2nd Chance brand of boys and men's clothing, and the First Lady brand of traditional Malay ladies' and girls' clothing respectively, while its Golden Chance outlets retail gold and diamond jewellery. In 1999, it diversified into property investments.

Business Review for FY2006

As we can see from the profit contribution breakdown, the main contributor is from properties segment which is 43.5%. Rental income was S$6.7 million or 40% of group’s profit before tax.

Apparel ( which many think that it was the main business ) contributed the least or 11.2%. Gold contributed 25% of the earning.

All the 3 segments are enjoying high profit margins as seen in the table above. And I believe the diversity in the business of 2nd Chance is bringing more profits to the company.

Breakdown of its Properties Why so many properties in City Plaza?

2nd Chance is aware of the condition and perception of many towards City Plaza (CP). There are 2 (two) compelling reasons for their purchases in CP. The government that owns Tanjong Katong Complex (TKC) have informed all tenants that this site is earmarked for redevelopment. Their tenancy agreement now includes a clause to vacate premises within 3 months of notice.

All retail profits from gold and apparel business in Singapore comes from our shops in TKC. The other 150 tenants in TKC will also be affected and when the time comes theytoo will be looking for premises hoping to rent or buy nearest to TKC. CP being just across the road, rentals and capital values of its shops is expected to enjoy a big increase when this expected new demand materialise.

It should be noted that any new development will take about 4 years to complete and its rental will be more in line with other suburban shopping centres like Parkway Parade, Tampines Square etc., whose present rentals are 3 to 4 times that of the rentals in CP.

Due to the declining popularity of CP, 2nd Chance had purchased 22 shop units there at depressed prices and expect to greatly benefit in the near future from the expectedincrease in rentals and capital values apart from having ready premises for retail businesses to relocate.

So how much does these assets worth?

The investment properties are stated at directors’ valuation carried out on June 30, 2006. The last independent professional valuation carried out by Jones Lang Lasalle Property Consultants Pte Ltd as at 30 June 2005 on the basis of open market valuation for existing use. It is the Group’s policy to revalue its investment properties at least once in every three years.
Based on the latest revaluation, all the properties are worth S$84 million.

Financial position at end 2006
The Group’s total assets stood at $126.6 million of which $84.7 million consisted of investment properties. Apart from these, the properties, which are self-occupied, amounts to $9.76 million. The Group held $19.95 million of quoted securities including REITS.

The Net current assets position as at end 2006 was $10.94 million and current ratio was
1.53 as compared to $6.81 million and 1.35 respectively in 2005. The increase was due to valuation of securities held for trade at fair market price as per FRS 39 guideline.
The shareholders’ funds were $71.81 million as compared to $58.05 million in 2005. The increase is attributable to the year’s net profit and increase in share capital. The net asset value per share was accordingly, 28.32 cents as compared to 31.78 cents in 2005.

What’s interesting about 2nd Chance?
Dividends Due to the steady growth of the Group a first and final dividend before tax of 20% or 3.0 cents per share, has been proposed for 2006. This is a 20% increase compared to the 2.5
cents per share dividend before tax for last year.

The dividend net of tax of 20% will amount to 2.4 cents per share or a total of $6.08 million on the existing issued capital as at 30 June 2006 giving a payment ratio of about 57.8%.

The Company has an estimated $2.31 million of section 44 credit available for franking the dividend and expect to fully utilise the Section 44 credit before the end of the transitional period in 2007, subject to the availability of profits for distribution.

Also 2nd Chance also announced a dividend of 2.7 cents for FY07 and 3.0 cents for FY08. These figures are attractive as they represent close to a 10% yield annually for the next 2 years and it excludes any further capital gain in the share prices.

Accompanying that, the board also intends to announce dividend for FY09 in FY07. This will give shareholders a chance to know their long term rewards from 2nd Chance and represent the confidence of 2nd Chance.

Earning per share is 3.96 cents on a diluted basis, and this represents a 7.32 times P/E ratio with a share price of 29 cents. This is an attractive figure, as property firms are trading at an higher P/E ratio.

NTA was 28.32 cents, this mean that buying the share at 29 cents represent no premium over its asset. With a high profit margin in its businesses, I do expect share price to be trading at 1.3-1.5 times over its asset or 36.8 cents-42.5 cents.

My personal take is buy for long term with a target of 36 cents to 42 cents with a annual yield of 10%.

Price Chart on 2nd Chance.