cpap

Have you heard of cpap? No then take note that CPAP supplies including CPAP Machines, Auto CPAPs, BiLevel CPAPs, Masks and Humidifiers are supplied by a US based Wholesaler. STill do not know what cpap does? It is a device that is used to assist sleep, cpap stands for Continuous Positive Airway Pressure. This device consist of a nasal mask wore over the nose of a patient who breathes will the assistance of a machine. What it does is it blows air into the into the nostrils to keep the airway passages open. For those who have sleeping problems or if you know of anybody who has this problem, ask them to cehk out the website.

F&N

Fraser & Neave (FRNM.SI): Sell: To Acquire Tampines Land with Far East Group Proposed acquisition appears reasonable at S$260 psf/pr — F&N announced that it has entered into a 50:50 JV with the Far East Group to acquire a land site at Tampines St 11 for S$405m or S$260 psf/plot ratio. We maintain our Sell / Low Risk (3L) rating on valuation grounds as the shares are trading significantly above our target price of S$4.05. https://www.citigroupgeo.com/pdf/SAP03967.pdf

Spore News

Financial firms turning off customers: poll. Insurance sector in Singapore has some of the most negative scores Singapore comes 3rd in plugging into technology. It slips in World Economic Forum rankings as Denmark, Sweden take top spots Talk resurfaces of DBS bid for Korean bank. Singapore bank forming multinational investment group to buy KEB: report Accountants, engineers join list of hot jobs in Singapore. 60% of employers struggle to find right people: survey New game plan at Metal Component. Group focuses on profit margins; worst is over, says CEO Hyflux bags four water treatment projects in China. Totaling 253m yuan, 1 project is in Jiangxi, 3 in Jiangsu Half of direct jobs at Genting IR will be in hotel, F&B. IR talking with Spring, NTUC to source SMEs Lack of new office space pushes rents up. Demolitions for redevelopment to exceed scheduled supply in 2007: DTZ Prime-central districts price gap narrows. Price-spread shrinks to 1% in 2005-06 from 7% in 2004, says DTZ Fairy Point Hill site in Changi may fetch $45m CCT takes stake in CapitaLand's fund F&N eyeing Indian real estate sector Wing Tai lining up 3 new launches Allgreen is top bidder for Handy Rd site Labroy wins 2 deals worth 284m euros Singapore, South Korea lead regional securitisation Source: Singapore Business Times

International Movers

I remember moving from home to overseas and then back, how stressful that could be. Especially when deciding what you want to bring and what you want to leave behind and also what you want to carry by air instead of letting the rest of your stuff go by sea. They the worry is the company relliable, will they be in existance from the time you sign the agreement to the delivery date. It is not easy to find an International Movers that is reliable, however I have tried Service Network, where a network of movers are registered and have stringent process to be selected into the network. Importantly they are licensed and insured. Service Network has put in place a dispute resolution process to assist customers who come across problems with their move. We have successfully assisted over 50,000 customers move just this year alone. Our process is quick and easy in a matter of minutes you can get connected with movers in our network. Service Network has also pre–negotiated up to 65% discounts for your move.

Regional Update

CHINA China Mobile (BUY/HK$73.65/Target: HK$77.70 - Under Review) 2006 results beat expectations, with revenue up by 21.5% yoy and net profit up by 23.3% yoy. Maintain BUY. Target price under review for an upgrade. Century Sunshine (BUY/HK$1.84/Target: HK$2.96) 2006 results beat expectation, with net profit growing 79% yoy amid steady margins and strong cash flows. Maintain BUY. China Overseas Land (HOLD/HK$8.94) 1H07: Underlying net profit up 84% but 43% increase in dividend may be disappointing to some. Its strength already reflected by the premium rating. Hengan International (HOLD/HK$23.20) 2006: The organic earnings came in below our expectations. The sales growth and gross margins for all key segments were also below our expectations. Chalco (BUY/HK$7.82/Target: HK$9.00 ? Under Review) Market caught unawares by the second rise in spot alumina price in less than two months . Maintain BUY. Guangzhou Shipyard International (NOT RATED/HK$23.75) Aiming to be largest handy-size tanker manufacturer globally.HONG KONG Henderson Land (HOLD/HK$43.35) 1HFY07: Core net profit up 48% but interim dividend stayed flat, suggesting full-year results might not be as strong. Losing market share as a developer. Li & Fung (HOLD/HK$27.15) 2006 results slightly missed expectations. Share price surged sharply amid M&A fever. Downgrade to HOLD based on stretched valuation. Television Broadcasts (HOLD/HK$48.60) 2006: Net profit edged up 1% yoy to HK$1,189m in 2006. Stripping out the exceptional gain, net profit should have gone up 15% yoy.MALAYSIA Bank Negara Malaysia 2006 Annual Report Following a weaker 1H, the central bank expects the economy to pick up in 2H07, underpinned by favourable domestic and global conditions. Feb 07 CPI CPI rose 3.2% in Jan 07, higher than Dec 06's 3.1%. Despite the floods, we still maintain our inflation forecast of 3.0% for 2007.SINGAPORE EDMI (BUY/S$0.34/Target: S$0.53) Rising on demand from Australasia and Europe. China Wheel Holdings (BUY/S$0.635/Target: S$0.88) Upgrading technology to secure its pole position.TALKING POINT: THAILAND - Stock Market ? Market approaching oversold areaFor more details, click on the link.http://research.uobkayhian.com/research/content.show.action?filename=2007032209583790720415149.pdf

AuctionAds by ebay

If you have a blog or a webstie, why don't you add AuctionAds by ebay on you site and make money. Try it out and what more you can still have Google Adsense together with AuctionAds by ebay

Password Management

Alot of people do not realise that is very easy to hack into a password. Without proper password management software, you will end up with low or non high secure password. Just last month, Symark Software, the leading provider of UNIX and Linux security administration solutions, announced that its PowerBroker and PowerPassword-User Management Edition (UME) access control solutions will fully support the new HP Integrity servers running the HP-UX 11i v3 operating system. This latest software solve the inherent security gaps in more than 30 versions of UNIX and Linux systems, Symark’s solutions help organizations safeguard proprietary information and comply with federal and industry regulations. This software is easy to use and provides identity management where all companies should consider.

Asia Investigator

Noteworthy Today – The Asia Investigator: Record Redemptions from Asian Funds. Fun with Flows: Record outflows — For the week ended March 7, redemptions from all Asia-dedicated funds totaled US$4.1bn, 2.5 times the now second-biggest weekly outflow ever, which was recorded in May 2006. The “yen carry trade” concern not only affected Asia but also the rest of the emerging markets with US$4.8bn redeemed from Latin America, EMEA and GEM funds. These, together with US$1.7bn in outflows from International equity funds, suggest that US$10.6bn was withdrawn in one week. https://www.citigroupgeo.com/pdf/SAP03518.pdf

China Market

The benchmark Shanghai Composite Index yesterday tumbled nearly two percent following its six consecutive days' increase, as investors take the sharp decline of US market as an excuse to take profit. The market will continue to be weak today with SCI consolidating between 2,870 and 2,940, while trading volume remain at around RMB 130 billion. Blue chips, which led the index down recently, will continue correction. Shares with capital injection expectations are investors' favorite choices recently, analysts suggest investors to be cautious as speculative funds are likely to take profit during the market's correction. In addition, the National People's Congress will vote for the tax reform proposal tomorrow morning, which will take effect as of 2008 if passed. Beneficiaries, such as banking, food and beverage, telecom and railway sectors might be stimulated again in the short term. Positive * Ping An (601318.SS) announced today that its net profit of 2006 is expected to increase more than 50% YoY. * The Shanghai Stock Exchange (SSE) is proposing to raise the maximum share price fluctuation for listed companies from 10 percent to 20 percent per day. The move is part of a package of proposals for changing trading mechanisms based on a study jointly conducted by SSE and Guotai Junan Securities Co. Ltd. Neutral * China Aluminum Corp., China's largest aluminum maker, is to issue RMB-denominated shares in early April after posting a 67-percent rise in 2006 earnings. The company plans to issue 1.24 billion shares to raise RMB8.2 billion to buy out two domestically listed companies, Shandong Aluminum (600205.ss) and Lanzhou Aluminum (600296.SS), according to earlier reports. * The board of directors of Tongdu Copper (000630.SZ) proposed to the Annual General Meeting to distribute RMB2.42 per 10 shares to all shareholders.

Hernia Patch Lawyer

Are you one of the many faced with defective Kugel Mesh Hernia Patches manufactured by CR Bard Inc. (NYSE: BCR). Have you done anything at all or are you still suffering silently. You better take action and contact hold of Hernia Patch Lawyer that will look into your case. Why suffer in silence take the appropriate action. You should be protected and go for action and recover, as the fault is no yours, why suffer. Dr. Kugel developed the patch with the intention of reducing recovery time and decreasing the recurrence rate of hernias. However, the Kugel patch has actually led to serious complications that have led to the need for additional surgeries to repair bowel perforations and remove the hernia patch.

SGX

Flash: Singapore Exchange (SGXL.SI): Sell: SGX Centre Stake Sold for S$271m. What’s new: Subject to shareholder approval, SGX has agreed to divest its 169,500 sqft stake in SGX Centre for S$271m (S$1,600/sqft, S$0.26/share) in a 7+3 year sale and leaseback agreement to UOB. This is 10% above our estimated S$245.8m (S$0.23/share) factored into our forecast. SGX will receive net proceeds of $266.4m and book a net gain of S$65.6m over book value. https://www.citigroupgeo.com/pdf/SAP03488.pdf

Semb Corp

SembCorp Industries (SCIL.SI): Buy: UK/Europe NDR; Greater Confidence, Raising Target Price. Adjustments — We have made the following changes: (1) raised our earnings estimates for FY07E to 09E by between 5% and 6%, (2) increased our DPS forecast for FY07E to 09E by between 21% and 22%, (3) raised our premium peg to regional utility peers from 5%-10% to about 20%, and accordingly, (4) pushed our target price for the group up from S$5.11 to S$5.30. Re-iterate Buy. https://www.citigroupgeo.com/pdf/SAP03490.pdf

promotional code

Want to know all the Ebates derives from the word Rebates and what better then getting cash rebates via online. Similar to the past principle of rebates whenever you shop online you get cash back. So what must you do? First register as a member, you must have an email address (if you do not have one, there are many that you can choose from and it is FREE), with this email address you can have access to more than 800 stores and I am not talking about only small retail stores but large retail stores like apple and others. Membership is free and you can earn up to 25% Cash Back. Yes cash back and not discount vouchers or gift coupons but CASH. Yes with the promotional code you never pay the normal price again

China Market

The National Congress will be open this morning, we expect the index to open flat and sideway traded with total trading volume at around RMB 130 billion. Topics regarding capital market, such as RMB appreciation, excessive liquidity and interest rate adjustment shall be discussed. But we do not expect detailed policy to be constituted shortly. Unlocking of non-tradable shares will be released concentrated during March and April; the market is likely toconsolidate in the near term. In addition, China's foreign exchangeauthority has granted investment quotas totaling 9.995 billion U.S. dollars to 49 qualified foreign institutional investors (QFII). The sum is close to the ceiling of 10 billion dollars the Chinese government set for QFIIs, but three of the 52 registered QFIIs have not yet obtained investment quotas. Analysts, however, believe that the government will not increase the quota greatly in the short term due to the concern of excessive liquidity and pressure of RMBappreciation. Positive* The share reform plan to be implemented by Tibet Jinzhu (600773.SS) is structured as follows: Each floating shareholder will obtain 7 shares from capital reserve per 10 floating shares.Neutral* Morgan Stanley has recently purchased a 24,000-square-meter land in Luwan District of downtown Shanghai for a high-rise office building project worth RMB1.3 billion. This is another move of the large U.S. investment firm to extend its investment in the real estate sector on the Chinese mainland, after it acquired in January this year a high-end housing project in Shanghai's Xuhui District for RMB530 million.* Gohigh Data Networks (000851.SZ), on February 27, 2007, received a circular from China Securities Regulatory Commission in respect of the company?¡¥s application for non-public share offering, in which the company has been approved to issue not more than 35 million shares in its non-public offering.* The 62784000 restricted floating shares of Anhui Conch Cement (600585.SS) will become tradable on the Shanghai Stock Exchange as of March 7, 2007.

STI

Divergent behaviour shown by STI heavyweight suggests some may have reached good support levels. A look at 16 big caps which account for 80% weightage on the STI shows that SingTel, DBS, Keppel Corp, SIA have fallen to December levels when the STI stood around 2900-2950. Among property heavyweights which are still well above their Dec levels, Capland appears to have come closer to its $6.30-50 support area at its latest $6.85 low. CityDev's support is around $13-$12.50 vs $13 low this week. Keppeland at $8.15 low is way above $7 area in December perhaps reflecting strong confidence in the sustainability of the high end property boom. Among banks, DBS has been quick to test its Dec $20.40-$21 support when the STI was at much lower levels of 2900-2950 when it hit $20.70 yesterday. Thus it looks like downside risk is lower and a good candidate for rebound in the light of its recent $23.50 peak. UOB and OCBC are still well above Dec's $18.20-80 and $7.30-60 ranges with lows this week at $19.90 and $8.45. Their relative resilience compared to DBS may suggest strong institutional support. Among conglomerates, KepCorp surprisingly has visited the top end of its $17-$17.50 Dec area with this week's low of $17.50, which also implies a good rebound candidate like DBS. But the conglomerate SCI too has stayed well above $3.90-$4.04 Dec are with this week's low at $4.38 not too far off its all time $4.88 high. KepCorp too has not left its $18.90 peak far behind. ST Eng which has been a slower mover has also stayed above $2.98-$3.04 Dec support zone, with this week's $3.10 low vs recent $3.44 high. Another obvious victim of the selldown is SingTel which hit a low of $3 at the top end of its $2.90-$3 Dec range. It should be a good candidate for rebound to $3.30 area if the market rebounds next week but $3.70 high could be a peak for sometime. SGX with its low of $6.35 today is also way above $5.20-50 area in Dec but as a barometer of the market's health, its movements next week would be critical especially if it rebounds as the $7.65 peak is quite a distance away.SIA like DBS, SingTel and KepCorp has touched Dec $15.30-70 area, hitting $15.60 low this week. It is getting far away from $18.10 peak which may be more difficult to climb back to although it can rebound back to around $16.50. SPH has come close to its $4.14-22 Dec area at this week's $4.28 low and has rebounded well to $4.40 today. Among the late bloomers NOL which surged to a record $3.52 peak recently has fallen quite sharply to $2.88 low but this is well above $2.10-20 Dec area. Tech stocks CSM and Venture, having been laggards, are quite resilient especially CSM which rallied to $1.62 recently and has not dropped sharply with low at $1.52, well above $1.32-37 in Dec. Venture which has rebounded on back of strong results has retreated again to $13.30 low from this week's $14.20 high, below $13.50-$14 area in Dec.ConclusionNimble traders often target heavyweight blue chips for trading and this explains the heightened STI volatility this week from 3040 to 3316 â€" a span of 276 points. It is alright to watch for stocks that have plunged to Dec levels or better still below, as it means they have reached levels when the STI was 2900-2950. If the index manages to hold above 3000 next week, this week's worst performers such as SingTel, DBS, KepCorp, SIA, Capland and Venture could rebound earlier. But the others in the list are also worth watching if they fall sharply along with the STI which may re-test its 3040 low next week.

Orlando Luxury Real Estate

Have you gave a thought as to where you would like to spend this Christmas or how about a spring or even a summer break. Look no further Orlando Florida is a place for you or your family. Orlando is proud to have 52 theme parks and beaches within a short drive of 40 mins. Where to stay? Why not try out Orlando Luxury Real Estate is where it is a one-stop location for all your reality needs. Do not forget while in Orlando check out Disney World. It is the biggest draw with almost ever recreation for the young and not so young.

Regional Update

CHINA Coal Temporary suspension of coal exploration rights to benefit existing coal players with huge reserves. BUY coal stocks on weakness. Property Developers will remain volatile. Earnings disappointment and further tightening measures limit upside on the expensive stocks despite their quality. HONG KONG 2007-08 Budget Good for local consumer plays. 4Q06 GDP GDP accelerated on broad base. Peace Mark (BUY/HK$7.39/Target: HK$9.14) Greater-than-expected potential of its network in China. Upward revision of earnings forecasts and target price. Wing Lung Bank (HOLD/HK$81.75) 2006 results above expectation; weak loan growth, margin swing and leaner hope on M&A; downgraded to HOLD. Norstar Founders (BUY/HK$3.25/Target: HK$3.87) 3QFY07 operating highlights. Won first OE order to supply frictional material products to Shanghai General Motors. INDONESIA Astra Agro Lestari (BUY/Rp12,550/Target: Rp14,500) Reported FY06 net profit declined 0.4% yoy to Rp787.3b on higher COGS and selling expenses. MALAYSIA GDP ? 4Q06 & 2006 In was a good end to 2006 with GDP up 5.7% in 4Q06. For 2007, given the favourable domestic climate, we expected real GDP to grow by 5.8%. Jan 07 CPI CPI rose 3.2% in Jan 07, higher than Dec 06's 3.1%. Despite the floods, we still maintain our inflation forecast of 3.0% for 2007. Malaysian Bulk Carriers (HOLD/RM3.68) FY06: 4Q06 boosted by FX and unrealised investment gains. MBC is capitalising on current high asset prices to sell aged vessels. MISC (BUY/RM9.00 (L), RM9.30 (F)/Target: RM10.00) 9MFY07: Within our expectation. Excluding gain from vessel sales, net profit declined 7% yoy. The New Straits Times Press (SELL/RM2.07/Fair: RM2.00) Ex-exceptionals, FY06 net profit stood at RM2.9m, below our expectation. Net loss (ex-exceptionals) of RM12.4m in 4QFY06 due to high operating costs. AirAsia (SELL/RM1.63/Fair: RM1.30) Average fares fell significantly yoy, but improved qoq. Domestic market share was strong but faced intensifying competition. SINGAPORE CHT (Holdings) (BUY/S$0.81/Target: S$1.21) FY06: Underlying fundamentals remain intact. Hyflux (SELL/S$2.44/Fair: S$2.20) 2006: net profit dropped 63% due to lower non-operational gains and higher operating expenses, especially personnel costs. Midsouth Holdings (BUY/S$0.73/Target: S$1.10) Good results for 2006. New vehicle parts customer. Pine Agritech (BUY/S$0.675/Target: S$0.78) FY06 earnings surged 129% yoy to Rmb538m, driven by its two major products. Sinobest Technology Holdings (HOLD/S$0.12) FY06: Sinobest posted a set of disappointing FY06 results with 68.8% contraction yoy on its net profit. Sino Techfibre (BUY/S$1.44/Target: S$2.12) FY06: Positive figures confirm our positive view. UOB Group (Not Rated/S$20.40) Excluding one-time gains, FY06 net profit was up 10% due to higher net interest income and higher fee and commission income. STATS ChipPAC (HOLD/S$1.48) Temasek makes cash Offer for Stats ChipPAC. United Food Holdings (HOLD/S$0.205) 4Q06 earnings declined 49% yoy to Rmb26m, dragged down by increased raw material costs and production overheads. THAILAND Monetary Policy The 1-day repo rate was cut by 25bp to 4.50%. We expect another 75bp cut to the rate by end-07. Bangkok Dusit Medical Services (BUY/Bt35.5/Target: Bt40.65) 4Q06: High expenses dragged down earnings by 10%. Cost control measures will improve earnings in FY07. Hemaraj Land and Development (BUY/Bt0.84/Target: Bt1.32) Strong land sales and improved margins helped boost 4Q06 net profit. FY06 earnings came in at Bt1.19b (+87%), slightly higher than expected. Krung Thai Card (SELL/Bt24.8/Bt21.0) FY06: Net profit came in at Bt653m, up 15% yoy and underpinned by strong revenue expansion. Maintain SELL. Land and Houses (HOLD/Bt6.35) 4Q06 results recovered sharply from better core profit and substantial extra income. Still, FY06 net profit dropped 36.6% amid weak sentiments. Ticon Industrial Connection (BUY/Bt16.8/Target: Bt22.2) FY06 net profit of Bt869m (+27.8%) was in line with expectation. Strong 4Q06 profit was driven by sales of RBFs to customers who exercised their options. True Corporation (HOLD/6.25) 4Q06: Sales improved slightly but net loss widened as a result of price wars. Recovery may have to wait longer. Rayong Refinery (Not Rated/Bt16.9) Poor earnings on the back of earnings volatility and negative refinery sector outlook. TALKING POINT: Thailand Banking Sector - Downside risk becoming limited For more details, click on the link. http://research.uobkayhian.com/research/content.show.action?filename=2007030111483616120504603.pdf

Hi-P International

4Q06: Rebound from Wireless SBU Hi-P reported net profit of S$13.4m (-38.7% yoy) on revenue of S$257.3m (+28.9% yoy) in 4Q06. The results were below our net profit forecast of S$18.8m due to inventories written down of S$3.9m (S$1m relates to BenQ Mobile). Rebound from Wireless SBU. Sales from Wireless segment grew 38.6% qoq to S$167.3m. Hi-P is the main supplier of mechanical components for MOTO RIZR, a slider model with high plastic-content. The company benefited from significant ramp for MOTO RIZR in November and December. New customer Research In Motion (RIM) made full quarter contribution. Sales from Consumer Electronics segment contracted 13.2% qoq to S$70.5m as performance in 3Q06 was boosted by delivery push-out of S$11.5m from 2Q06. Sales from Computing/Automotive segment grew 5.8% qoq to S$19.5m with contribution from a new Computing customer. EBITDA margin contracted from 10.8% in 3Q06 to 9.4% in 4Q06. Margins would have improved slightly if we adjust for inventories written down. Vacuum metalisation process has been brought in-house in 4Q06, which reduces costs incurred to engage third-party suppliers. New customers to contribute more significantly in FY07. Hi-P has a strong pipeline of projects from Motorola for FY07. There will be four new models being launched in Mar 07. There are also new models lined up for launch in subsequent quarters. There will be full year contribution from RIM. Hi-P will commence production of a second model from RIM in Mar 07. The new plant in Dongguan will commence production of low-cost mobile phones for a new European customer in 2H07. Consumer Electronics segment will benefit from major new projects involving kitchenware from its major customer. There will be increased orders from new oral care customer. Production for the new of kitchenware is carried out at the Poland plant. Margins for these new products are unlikely to match those for existing products such as battery-operated toothbrushes and shavers. Older products could also experience price reduction given the slow pace for new product introductions. We cut FY07 net profit forecast by 13.4% to S$73.8m due to the competitive pricing environment. Our target price of S$0.92 is based on FY07 PE of 11x (EMS sector: 11.4x). Maintain BUY.

business credit card

Don’t you feel there are a whole host of credit cards out there and you do not know which gives you the best deals, now there is CardFussion.com that monitors the credit card market and points you to the best credit cards in the market. They will also point you to the business credit card bestfor your business and they are good corporation card for the executive. CardFusion.com is happy to announce that its secure credit card portal has become even better and easier to use. Most of us finds that a secure credit portal is very important when dealing with a lot of money on credit.

Epure International

Good results for 2006 Overall results is slightly above our forecast. Revenue grew 33% and net profit grew 38% yoy. Gross margin improved from 29% to 32% due to bigger size contracts and improved cost management. There is no significant change to the revenue composition with more than 80% from municipal projects. Outlook is positive. The PRC government is placing more importance on environmental protection and investment in water infrastructure continues to be a key portion of the overall conservation effort. Epure’s order book remains healthy with more than Rmb 400m at the end of Feb 07, providing good visibility for the next few quarters. In addition, Epure is looking to expand into related services such as the supply of specialised water treatment equipment. We think that this is a positive development as the equipment business offers synergy and provides some diversification to the volatile EPC business Valuation. We maintain our sum of total parts valuation price target of S$2.00. Reiterate BUY. Catalyst for the stock include contract announcement

China Hongxing Sports

FY06: Better than expected results, target price raised China Hongxing’s Fy06 net profit rose 68.3% yoy to Rmb215m on a 56.9% yoy rise in revenue. Gross margin recovered from FY05’s 34.4% to 36.9%, boosted by the commencement of its new plant last August as well as the higher ASPs. Results were beyond our expectation and market consensus. Higher ASPs lift margins. Hongxing’s ASPs rose 8%yoy on the back of its strong marketing activities. It’s A&P expenses has grown fast and in tandem with its revenue growth. By sponsoring the North Korea 2008 Olympic team, we think it will increase its exposure in 2008. Sales driven by expanding distribution network and higher apparel sales. Hongxing’s number of franchising shops increased by 550 or 29% in FY06. Single shop sales also rose by 25% partly due to higher ASPs. Apparel sales now count for 20% in terms of total revenue compared with 18% in FY05. We think given a smaller base, apparel sales will continue to grow outpace its sports shoes segment. Outlook. Strong results have confirmed our positive view on the sports goods sector in China. However, we also want to dress the keen competition as we observe most of its competitors are also expanding very fast. Moreover, recent run up of its share price may trigger the conversion of its RCPS. We roll over our valuation and slightly lift our FY07 and FY08 forecasts by 2% on the back of its good performance. Target price now raised to S$3.36 (previous S$2.09), translating into a PEG of 1.08x (FY07-FY09). Reiterate BUY.

collectible dolls

Did you know that collectible dolls is not a hobby for young children, there are adults out there who collect them. Just to name a few like the Three BEGOTH Dolls™ Unique Fashion Dolls, Action Figures and Kindergoths Dolls. There are many places that you can find these dolls but the most active of favourite spot is to get them at Toy Fais. The latest toy fair is the at the American International Toy Fair, February 20-23, 2005 in New York City, at booth #1246 in the Javit’s Center. Here you can find a wide range of dolls. This fair is the largest in the Western Hemisphere and it will held in New York city. So check out he website and get yourself there.

CHT Holdings

CHT Holdings : Problems Not Insurmountable : BUY http://research.uobkayhian.com/research/content.show.action?filename=2007030916242034723047956.pdf

Zhongguo Powerplus

Zhongguo Powerplus : 2006: Higher Sales, Lower Margins : HOLDClick on the link for details .http://research.uobkayhian.com/research/content.show.action?filename=2007030915122819667253859

freelance programmers

What this world need is more freelance programmers. Why crack your head to get things done by youself are you an expert in the field in programming, get professional help instead. Check out, Elance is the online marketplace for services. The five core service categories – Programming, Design, Websites, Writing and Business Consulting – encompass just about every type of work your business needs. Now in its tenth year of business, Elance has more freelancers and companies bidding for projects in more countries than any other site. Elance is able to get thousands of free lance professionals and outsourcing companies who is able to carry out projects tailored to your company. SO check them out

China Market

Market continued rally for the third day China market maintained the upward momentum on Thursday with the Shanghai Composite Index gaining 1.08%. The Shanghai A-share increased 33.07 points to finish at 6,076.24, while the Shenzhen A-share stopped at 796.53 points, up 13.79 points. Total trading was RMB 114 billion. Blue chips mixed. Bao Steel (600019.SS) and China Unicom (600050.SS) lost 0.75% and 0.19%, respectively. CITIC Securities (600030.SS), the biggest listed securities firms rose for the third consecutive day and closed 6.06% higher. Small caps outperformed the market. Kangqiang Electronics (002119.SS), a newly listed small cap company, specialized in IC packaging related materials, surged to the maximum ten percent gain for the second day. The share has gained over 25% in the past five trading days after listing. The National People's Congress today started examining two draft laws aimed to grant equal protection to state and private properties and introduce a unified income tax for domestic and foreign-funded enterprises.

Pan Ocean

STX Pan Ocean : FY06 : post analyst briefing update : SELL Click on the link for details. http://research.uobkayhian.com/research/content.show.action?filename=2007030814582576568856345.pdf

simmons jannace & stagg

One of the largest law firm is simmons jannace & stagg , LLP which practices in New York, Connecticut and New Jersey. The firm has several of the largest companies in the world, including Home Depot U.S.A., Inc., Bank of America Corp., J.P. Morgan Chase & Co., Kmart Holding Corp., Best Buy Co. Inc., Washington Mutual Bank FA, Coca-Cola Enterprises Inc., Staples Inc., Marsh & McLennan Cos. Inc., General Motors Acceptance Corporation, GMAC Insurance Holdings, Inc., Circuit City Stores, Inc., and Foot Locker Inc., among others, as their clients. Experienced in the area of commercial and general liability litigation, the firm has established themselves and today, they are a highly respected full service law firm practicing throughout the tri-state area. In addition to our core practice of commercial and general liability litigation, our practice areas include labor and employment , arbitrations and litigation, securities law, banking and consumer litigation, bankruptcy and creditors rights, corporate transactions, municipal law, real estate, zoning and land use, and environmental law.

China Market

We expect the index to open slightly high and consolidate upward today, thanks to the generally higher-than-expectation annual reports results, while turnover will remain flat at about RMB 130 billion. Olympic related stocks, especially Beijing based property companies might continue to be favored by investors due to the optimistic expectation of the grand ceremony in 2008. Traders, however, do no expect the index to surge to new high in the near term due to profit takings, and 3,000 will be the psychological resistance level for the benchmark index. Positive * 206 A- share companies have published 2006 annual reports till today, and net profit increased by 88.69% YoY, while weighted earning per share is RMB0.3349, increased by 64.63% YoY. Neutral * China's steel product prices will continue to rise in March, according to the National Development and Reform Commission (NDRC). The price hike would be driven by market demand which usually rose as the weather becomes warmer. * China Construction Bank (CCB), which has been listed in Hong Kong, so far has no plan of listing on the domestic A-share market, said CCB board chairman Guo Shuqing, also a political advisor. * Baotou Aluminum (600472.SS) will see its 33,240,679 restricted floating shares listing on the Shanghai Stock Exchange as of March 12, 2007. * Xining Special Steel (600117.SS) today revealed its major financial indicators for the year of 2006 as follows: Net assets per share: RMB2.9154; Earnings per share: RMB0.3051; Return on net equity: 10.46%

Regional Update (8 Mar 07)

CHINA What To Watch Out For Sell-off is probably not over yet. We advocate a more trading-oriented strategy with a focus on large caps. Near-term key events include China's CPI for Feb, the NPC, corporate results and the dollar rate against the yen. Power No more power generators with 300MW capacity will be built in China's national grids. This is positive for the industry and major IPPs. COFCO International (BUY/HK$5.58/Target: HK$6.50) Restructuring completed by end-06. Besides wine business, the Coca-Cola beverage business will become another profit driver. HONG KONG Cathay Pacific (HOLD/HK$19.20) Great results and stellar prospects. Synergies with Dragonair, strong end-demand and overcoming negative fuel impact have great implications for CX. SHK Properties (BUY/HK$88.65/Target: HK$95.50) 1HFY07: Despite the 13% decline in underlying net profit, the results were not bad given the slow primary market. Up target price slightly. MALAYSIA Jan 07 External Trade Exports grow 8.9% yoy largely due to base effects. We continue to expect healthy but more moderate export growth of 8.2% in 2007. ACP Industries (BUY/RM1.60/Target: RM2.10) Strong potential for orderbook to expand to RM4.3b in 12 months from RM2.6b now. Raise target price to RM2.10. Berjaya Sports Toto (BUY/RM4.52/Target: RM5.05) 3QFY07: Net profit in line at RM117.3m (+21% yoy, 64% qoq), boosted by lower prize payout of 59.5%. Interim DPS of 12.5sen. E&O Property (NOT RATED/RM2.20) Tesco will be setting up base in Tanjong Pinang. New price benchmark for commercial land (RM220psf, +29% higher than previous transaction). RHB Capital (SELL/RM4.66/Fair: RM1.88-Under Review) EON Capital raises offer price for RHB Capital to RM5.00/share. SINGAPORE Construction The impact of Indonesia's sand ban on Singapore's construction sector. Olam International (HOLD-Under Review/S$2.85) Announces takeover offer for Queensland Cotton Holdings, one of Australia's largest and oldest cotton companies. Singapore Exchange (SELL/S$6.35/Fair: S$5.38) Takes a 5% stake in Bombay Stock Exchange. STX Pan Ocean (SELL/S$1.13/Fair: S$1.05) FY06: Post analyst briefing update. TALKING POINT: THAILAND - BEC and MCOT will benefit from easing competition For more details, click on the link. http://research.uobkayhian.com/research/content.show.action?filename=2007030810055088972875732.pdf

Orlando hotels

This coming spring or Christmas Holidays why not spend time in Orldao. Yes Orlando Florida. That is the place to be. What with 52 theme parks to choose from and a 40 mins drive to the beaches, it is an iutstanding vacation for you and the family. I am sure the young and the not so young would love Disney World. If you are into golf then there are golf courses for you. It is a family orientated location for all ages. Do not forget to check out the whole list of Orlando hotels for a wonderful stay. Check out the website, they will give you the best discounts in town.

Strategy

Taking a defensive/trading stance as volatility increases Our view on the STI/ Singapore remains unchanged. Our view is that this is a corrective rebound, and our tactical stance is that we should adopt: (a) a defensive position, (b) trading of high beta blue-chips when the index weakens. The list of stock recommendations attributed to us by Teh Hooi Ling in the BT article dated 6 Mar 2007 is a gross misrepresentation of our views; it does not look anything near our official recommendation list, as given below: Defensive stocks 1. SIA- We recently upgraded the stock to a fundamental buy. The stock is pretty defensive and is trading about 1.3x Price/ book at $15.50. Suggested entry level is $15.10 or below 2. Hong Leong Finance- - P/Book is approximately 1.2x and current yield at $3.86 is 5.96%. Suggested entry level is near $3.70. 3. SPH- projected dividend yield over the next 3 years at 6.2% net for FY07 and 7% FY08 at $4.20. Suggested entry level at $4.10 and below. 4. Macquaire Infr fund – The stock is trading at less than 1x P/Book and offers yield of 7.7%. High Beta Blue chip stocks 1. DBS. 2. SembCorp Marine

China Hongxing Sports

FY06: Better than expected results, target price raised China Hongxing’s Fy06 net profit rose 68.3% yoy to Rmb215m on a 56.9% yoy rise in revenue. Gross margin recovered from FY05’s 34.4% to 36.9%, boosted by the commencement of its new plant last August as well as the higher ASPs. Results were beyond our expectation and market consensus. Higher ASPs lift margins. Hongxing’s ASPs rose 8%yoy on the back of its strong marketing activities. It’s A&P expenses has grown fast and in tandem with its revenue growth. By sponsoring the North Korea 2008 Olympic team, we think it will increase its exposure in 2008. Sales driven by expanding distribution network and higher apparel sales. Hongxing’s number of franchising shops increased by 550 or 29% in FY06. Single shop sales also rose by 25% partly due to higher ASPs. Apparel sales now count for 20% in terms of total revenue compared with 18% in FY05. We think given a smaller base, apparel sales will continue to grow outpace its sports shoes segment. Outlook. Strong results have confirmed our positive view on the sports goods sector in China. However, we also want to dress the keen competition as we observe most of its competitors are also expanding very fast. Moreover, recent run up of its share price may trigger the conversion of its RCPS. We roll over our valuation and slightly lift our FY07 and FY08 forecasts by 2% on the back of its good performance. Target price now raised to S$3.36 (previous S$2.09), translating into a PEG of 1.08x (FY07-FY09). Reiterate BUY.

phoenix restaurants

Looking for a restaurant in Phoenix then check out Azcentral.com for new phoenix restaurants. This website gives good reviews of restaurants written by freelance contributors. The freelance contributors divide themselves into teams and select a theme to write on. Their themes are like ice cream parlors, steakhouses, sushi bars etc. They cover more then 130 categories where they have recommended restaurants and best featured restaurants. So if you are in Phoenix check out their website for good dinning.

SMRT

3Q07 : Mild growth in core earnings SMRT reported 3Q07 net profit of S$40.7m, up 35.6% yoy. Excluding (1) 3Q06 one-off provision of S$5.2m for Transys (an associate), which was divested as of Mar 06; and (2) higher “other operating income” due to contributions from expired farecards, net profit would have risen about 7% yoy. Revenue was up a marginal 5.2% yoy. MRT operations recorded a 6.9% (or S$6.7m) yoy revenue increase, due to a higher average daily ridership and the fare increase effective 1 Oct 06. The rental segment recorded a 28.8% (or S$1.9m) yoy revenue rise due to increased space and better yields. Taxi operations continue to be a drag, recording a 9.7% (or S$1.9m) yoy revenue decrease, due to a smaller hired-out fleet – the average taxi hired-out fleet of 2,307 gives a high idle rate of 24%. Operating profit recorded stable growth of 6.9% yoy. MRT operations accounted for 67.3% share of operating profit, which was a reduction from 2Q07’s 74.3%. This was due to the improvement in the bus operations and smaller lower operating losses for taxi rentals. Rental operating profit was flat qoq, given the relatively flat sequential lettable space. No dividends were declared. Mixed outlook for 4Q07. SMRT expects 4Q07 fare, rental and advertising revenues to be marginally lower qoq due to seasonal fluctuation. However, 4Q07 operating costs are expected to rise qoq due to scheduled repairs and maintenance. Earnings forecasts raised. We have raised our FY07 net profit forecast by 14% to S$130.2m, due to the stronger improvement in bus operating profit and 3Q07 contributions from expired farecards. FY08 net profit forecast has also been raised by 6.8%. We are forecasting a FY08 net profit yoy decline as (1) depreciation charges are forecast to rise 10% with the programme to refurbish 66 trains by end 2008; and (2) smaller contributions from expired farecards, thereby offsetting (3) the positives from ridership growth and fare hikes. Our DCF model, which factors in Circle Line contribution, gives a fair price of S$1.40. We had previously assumed a terminal growth rate of 2.0% and arrived at our fair value of S$1.18. But with the government’s plan to increase the public transport modal share from the current 63% to 70% over 10-15 years, we have raised our terminal growth rate to 2.5%, which gives the new fair price of S$1.40. Our FY08F dividend of 7.5¢ (one-tier tax exempt), which represents a high payout ratio of 90%, gives a dividend yield of