Monday, October 15, 2007

Ei-Nets - Working to seal a deal with Canadian Co to Manufacture 3rd Gen
solar cells which are very cheap to produced relative to 1st Gen solar
cells (90% of mkt). Anthony Soh holds 27%. 3rd Gen solar tech has not been
commercially tested on a large scale and require large investments. Other
SGX companies venturing into solar cells: Rowsley, Equation.

Raffles Edu - Buying the loss making Oriental University pushes NTA fr
9.2cts to -22cts per share. CEO Chew thinks that the huge plot of land it
buys is worth more than the acquisition price of $392mil as land prices
have shot up.

Chinawheel - Expects to add production capacity fr 3.6mil wheels annually
to 8.6mil wheels. This will make it the 2nd largest wheel manufacturer in
China. 1H07 profits grew 81%. Enjoying tax benefits arising fr purchase of
China-made equipment as well as a Spore incorporated company. Will focus on
export biz going forward as margins are higher.

Oculus - Makes alternative deals as hydropower acquisitions are delayed.
Oil Storage Terminal (Kalimantan), projects that conform to Kyoto Protocol

Asia Pacific Strategic Investments - Premium Funeral Services Provider.
Runs country club like burial sites and sells burial land plots. New RTO
entity of former Seatown. At $0.25 shares trading at 36x Hist PE. Looking
to expand into high-end retirement homes.

Datapulse - produces DVD and CD storage media. Sole replicator of Xbox and
PC game titles for Microsoft in Asia-Pac ex Japan. Expects to benefit from
runaway sales of Halo 3 Video game. KE TP:$0.45 dividend yield of 7.5%.

Uni-Asia - Surge by investment gains from shipping trust. Trading at 4.4x
book value which is twice the valuation of Spore banks.

SGX Annoucements
=================
SingPost today announced the appointment of Mr Wilson Tan Wee-Yan as its
Group CEO effective 15 Oct 07. Mr Tan, 49, joins SingPost from NEC
Solutions Asia Pacific Pte Ltd (Singapore) where he held the position of
Managing Director. Since 1993, Mr Tan has held key mgmt positions with
regional responsibilities in multi-national companies including Apple
Computers, Informix, Software AG and Xerox Corp, developing and growing the
businesses in Asia and the region.

DBS Asset Managemet, a wholly-owned subsidiary of DBS Bank Ltd, announced
today that its joint venture with China's Changsheng Fund Management
Company Limited has been granted the Qualified Domestic Institutional
Investor (QDII) licence by the China Securities Regulatory Commission.

Swiber wishes to announce that the Company has incorporated a new
subsidiary known as PT Swiber Offshore in Indonesia with an authorised
share capital of USD200,000 and initial issued and paid up share capital of
USD200,000 comprising 200,000 shares of USD1.00 each.

INTEGRA2000LTD - PROPOSED ACQUISTION OF 13.36% OF THE ISSUED AND PAID-UP
SHARE CAPITAL OF WESTCOMB FINANCIAL GROUP LIMITED at $0.27 cents each
share. NTA per share increase to $3.06 from $1.89, EPS from negative $1.20
to negative $1.00

Epure - Wholly Owned Subsidiary Granted Tax Incentive , no impact on
current year financial

GUTHRIE GTS LTD - INCORPORATION OF WHOLLY-OWNED SUBSIDIARIES , nothing
major

SKY CHINA PETROLEUM - INCREASED INVESTMENT IN SKY PETROLEUM TECHNOLOGY
DEVELOPMENT (TIANJIN) CO., LTD . Invested additional US$1.3m, no impact on
current year financial

PSC Corp: Coy proposed to cosolidate every 5 shares into one at an issue pr
of .33 for ea rights on the basis of 1 right share for every 2 consolidated
share.

Uni-Asia: Establishment of new Panama incorporated subsi (Ocean Rouge) for
the acquisition by the subsi and subsequent disposal of vessel. This
acquisition and subsequent disposal are intended to benefit the coy through
the receipt of charter income for the period between the acquisition and
subsequent disposal and allowing the company to benefit from fee income for
arranging the loan financing for the Vessel on behalf of Uni-fast and Ocean
Rouge.

Fu Yu: Lift of trading halt @ 9am 15 Oct 07

TR Networks: Completion of the disposal of the property @ 50 Machpherson
Road, Three Rifles Building S348471

BBR: Incorporation of subsidiary, Singapore Piling & Building Construction
Lanka (Private) Limited in Sri Lanka on 4 Oct 07 to carry out general
building, civil engineering & piling works in Sri Lanka

CHINA YUANBANG: Clarification of dividend. Should be 0.3 Singapore cents or
RMB1.5 cents per share for FY07

FINANCIAL ONE: Subsidiary to integrate another subsidiary to streamline
management. No material impact on current yr's financials

M1/SPH: M1 partners SPH to offer Singapore's first location-based SMS
advertising service. M1 can leverage on the extensive network of businesses
that regularly advertise in the many newspapers and publications owned by
the leading media organisation in Singapore. This service enables r
etailers can tailor specific marketing messages and promotional offers,
based on their desired customer profiles, via SMS to welcome shoppers who
are in the vicinity of their shops. CITIBANK, TANGS and COFFEE BEAN are
some of the merchants involved in the trial

ZHONGGUO JILONG: Managements discussing potential investor to restructure
company. No agreement reached yet.

GLOBAL ARIEL: Request for halt

SNF: trading halt

MERMAID MARITIME: Price determination: at 1.56 per offering share

United Overseas Insurance : Will be announcing it's third quarter results on Mon, 29th Oct, 07

China XLX : Utilization of IPO proceeds completed. Only $520,000 out of the
$9,862,000 raised has been used for the construction cost of a new power generator.

SPH 2007 Results : Operating Profit increases 13.6%, Net Profit increases
18.1%.Double digit growth in revenue. Increase of 7.8 mil in rental income growth

OCULUS: requests for trading halt

KS ENERGY: acquired a shelf company called KS Oil Rig Service, mostly an
investment holdings company.

KEPPEL CORP: Kephinance investment holdings, their investment arm acquires more of K1 venture shares. increases stake from 35.77% to 35.91%

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