STI Outlook

Bullish - STi has been trading on the uptrend since Feb 2010 and is still trading healthily above 50 MA line. Support at 2952 and resistance at 2987 for further upside.

As in my earlier blog, it has been testing 3,000 mark. With the recent "noises" from reports, news etc, market adopted a knee-jerk reaction and traded dangerously below the STI support on 28 April due to panic selling. Result, weak hands sold cheap shares to strong hands and they are laughing to bank now with 5% or more returns within 2 days..

Another episode of Dubai and euro crisis. Meanwhile these are being swept under the carpet, adopt a cautious and calm mindset based on buying low and selling high methodology in trading. The boy who cried wolf..2 times were false alarm but the 3rd..

Would you long or short yesterday?

As I have posted yesterday and during some coffee talk, STI gapped down yesterday and rebounded slightly until the bloodbath at the last hour of trading.. losing 59 pts 2%

The damage has been done.. did the fire really broke out?

Alot of shortists were stuck yesterday and whoever did it were in for a shock this morning as the counters rebounded (CFDs). Who is really buying?? Greece issues were presented so drastic that the fear was felt at the last hour. who is buying when the retail investors are throwing their shares at their loss? If you have loaded. Congratulations.

Trade with care.

Radar 28 April 10

Asia bourses weighted heavily on the forthcoming reports on Greece debt restructuring program which has caused jittery among investors. S&P downgrading of portugal has led Dow Jones to a loss of 100 points in the early hours of trading admist the reports on positive earnings and consumer confidence.

STI index is still flirting on the 3,000 benchmark despite positive reports on earnings and dividends. Bluechips took the lead meanwhile Mid and small cap stocks are showing signs of exhaustion. Market is digesting these news and have caused widespread selldown and shorting on trending counters ever since conquered their all new-year high benchmarks and are slowly retracing.. where opportunities lurked in most counters trading at their support.

Remember, If someone shouted 'fire', what would be your first reaction?

Updates on counters will be coming soon.

Disclaimer applies..

Cheers

Earnings Announcement Dates

Thu 22 April 10: Keppel Corp(1Q10)

Fri 30 April 10: IndoFood Agri(1Q10)

Wed 5 May 10: OCBC(1Q10)

Fri 7 May 10: DBS(1Q10). UOB (1Q10)

Thurs 13 May 10: Tiger Airways(FY09)

Why Marine Stocks run despite market selldown

My take: with the recent spate of earnings posted + Volcanic ashes which crippled all air frieght + high oil prices = increased in shipping activities :)

Yangzijiang eyes PPL

Yangzijiang Shipbuilders, together with its non-executive director Yu Kebing and an unnamed Middle East investor, have offered to buy Singapore-based PPL Holdings for US$155 million ($213.2 million), the company said on Saturday.

When the deal is completed, Yangzijiang will own 50.1 per cent of PPL Holdings, while the Middle East investor and Mr Yu will hold 45 per cent and 4.9 per cent respectively. PPL Holdings is currently owned by mainboard-listed Baker Technology. To fund its acquisition of a 50.1-per-cent stake, Yangzijiang said it will issue some 83.6 million new shares at $1.295 each to the Middle East investor to raise the equivalent of about US$77.7 million.

PPL Holdings now owns a 15 per cent stake in PPL Shipyard, which designs and constructs shallow- and deep-water offshore drilling rigs. The remaining 85 per cent of PPL Shipyard is owned by Sembcorp Marine. JO-ANN HUANG

Radar 190410

After the selldown on wallstreet due to charges to Goldman Sach, It has prompted this question "is this the correction" as players have booked their profit on the recent bullrun. Furthermore, crisis falls on the airlines across the globe as Europe shut their airspace from the volcanic ashes costing hundreds of millions each day...

Therefore it is normal for panic investors to unload their shares and shortists will be active in the first hours of trading.. Which side of the coin will you choose?

I will be posting on the updates soon.

A penny for your thought:


Security Name Close Ave Vol Ticker Symbol
ADVANCED HOLDINGS LTD. 0.335 2356000 5IA
ALLGREEN PROPERTIES LTD 1.24 3810900 A16
ANWELL TECHNOLOGIES LIMITED 0.63 1089300 G5X
ARMSTRONG INDUSTRIAL CORP LTD 0.365 6913500 A14
ASIA FOOD & PROPERTIES LTD 0.65 1933700 A26
ASIASONS CAPITAL LTD 0.2 6085100 5ET
AUSGROUP LIMITED 0.665 11176900 5GJ
AZTECH SYSTEMS LTD 0.28 2974800 560
BEYONICSTECHNOLOGY LIMITED 0.26 2496100 B19
BH GLOBAL MARINE LIMITED 0.35 2048800 B32
BOUSTEAD SINGAPORE LIMITED 0.86 528600 F9D
CAMBRIDGE INDUSTRIAL TRUST 0.505 3503000 J91U
CAPITALAND LIMITED 4.1 13719200 C31
CAPITARETAIL CHINA TRUST 1.26 583600 AU8U
CHASEN HOLDINGS LIMITED 0.445 467679 5NV
CHEUNG WOH TECHNOLOGIES LTD 0.44 1355800 C50
CHINA ANIMAL HEALTHCARE LTD 0.32 25934400 EP4
CHINA ENERGY LIMITED 0.215 1972300 A0G
CHINA FISHERY GROUP LIMITED 2.22 1309000 B0Z
CHINA HU AN CABLE HOLDINGS LTD 0.44 6409200 KI3
CHINA MERCHANTS HLDGS(PACIFIC) 0.715 415000 C22
CHIP ENG SENG CORPORATION LTD 0.42 2865700 C29
CITY DEVELOPMENTS LTD 11.22 2310600 C09
COSCO CORPORATION (S) LTD 1.77 49696800 F83
CSE GLOBAL LTD 1.17 6662800 544
DBS GROUP HOLDINGS LTD 15.48 5568200 D05
DMX TECHNOLOGIES GROUP LTD 0.405 8247500 5CH
ECOWISE HOLDINGS LIMITED 0.18 4494500 5CT
EPURE 0.98 8823500 E6E
FALCON ENERGY GRP LTD 0.735 6097700 5FL
FEDERAL INT(2000) LTD 0.19 3775200 F20
FINANCIAL ONE CORP. 0.54 6897300 CL9
FIRST SHIP LEASE TRUST 0.645 1288400 D8DU
GALLANT VENTURE LTD. 0.28 6078700 5IG
GLOBAL INVESTMENTS 0.22 999700 B73
GMG GLOBAL LTD 0.23 100623200 5IM
HEETON HOLDINGS LIMITED 0.55 605600 5DP
HONG LEONG ASIA LTD 4.94 1293500 H22
HOTEL PROPERTIES LTD 2.37 605500 H15
HTL INT'L HOLDINGS LIMITED 0.855 4297900 H64
INDOFOOD AGRI RESOURCES LTD. 2.52 8337700 5JS
INNOTEK LTD 0.59 5838900 M14
INNOVALUES PRECISION LIMITED 0.175 1613200 591
JAYA HOLDINGS LTD 0.775 10841300 J10
JES INTERNATIONAL HOLDINGS LTD 0.205 11965300 EG0
KEPPEL CORPORATION LIMITED 9.54 3293600 BN4
KEPPEL TELE & TRAN 1.5 334100 K11
LIAN BENG GROUP LTD 0.325 7384500 L03
LION ASIAPAC LTD 0.285 3311700 L08
LMA INTERNATIONAL N.V. 0.25 410800 L24
LONGCHEER HOLDINGS LIMITED 0.755 1631000 L28
MEDIARING.COM LTD 0.25 12011800 M09
MEIBAN GROUP LTD 0.34 1985800 M24
MERCATOR LINES (SINGAPORE) LTD 0.325 5946700 EE6
MERMAID MARITIME PUBLIC CO LTD 0.73 5137300 DU4
MFS TECHNOLOGY LTD 0.255 822800 5BM
MIDAS HLDGS LIMITED 1.12 17542400 5EN
NEPTUNE ORIENT LINES LTD 2.23 17155700 N03
NOVENA HOLDINGS LIMITED 0.225 11742200 557
OCEANUS GROUP LTD 0.39 19753400 579
OLAM INTERNATIONAL LIMITED 2.71 9523800 O32
OSIM INTERNATIONAL LTD 0.945 6078200 O23
PACIFIC ANDES (HOLDINGS) LTD 0.395 15789700 P11
PACIFIC CENTURY REGIONAL DEVTS 0.205 1652400 P15
PCI LTD 0.46 514400 P19
PEOPLE'S FOOD HOLDINGS LIMITED 0.71 873700 P05
POH TIONG CHOON LOGISTICS LTD 0.42 452700 P01
PSC CORPORATION LTD 0.33 531700 DM0
PSL HOLDINGS LTD 0.345 2481800 563
PTERIS GLOBAL LIMITED 0.21 1792100 J74
ROTARY ENGINEERING LIMITED 1.15 5279200 R07
SAMUDERA SHIPPING LINE LTD 0.25 327700 S56
SBI OFFSHORE LIMITED 0.28 1330500 5PL
SEE HUP SENG LIMITED 0.33 4169400 566
SEMBCORP MARINE LTD 4.42 3877100 S51
SINOMEM TECHNOLOGY LIMITED 0.595 5941100 S14
SINOPIPE HOLDINGS LIMITED 0.24 915500 X06
SINWA KS LIMITED 0.4 503500 5CN
SMRT CORPORATION LTD 2.16 1928900 S53
SOUND GLOBAL LTD 0.98 8823500 E6E
SOUTHERN PACKAGING GROUP LTD 0.185 1194700 T77
SPORE AIRPORT TERMINAL SVCSLTD 2.9 2040200 S58
SSH CORPORATION LTD 0.27 2357000 S11
STARHILL GLOBAL REIT 0.595 2073300 P40U
STRAITS ASIA RESOURCES LIMITED 2.3 9337000 AJ1
SUNNINGDALE TECH LTD 0.215 17972200 T35
SUNTEC REAL ESTATE INV TRUST 1.39 5380200 T82U
SUPER COFFEEMIX MANUFACTURING 0.78 2023200 S10
SWIBER HOLDINGS LIMITED 1.23 15042300 AK3
SYNEAR FOOD HOLDINGS LIMITED 0.315 7096600 Z75
TAT HONG HOLDINGS LTD 0.95 930100 T03
TIONG WOON CORP HOLDING LTD 0.56 3036700 T06
TRITECH GROUP LIMITED 0.34 4021800 5NL
TRUMP DRAGON DISTILLERS HLDGS 0.87 2815900 GJ8
UNI-ASIA FINANCE CORPORATION 0.42 3599000 C3T
UNITED ENVIROTECH LTD 0.335 11537400 U19
UNITED OVERSEAS BANK LTD 20.46 2780400 U11
UNITED OVERSEAS LAND LTD 4.09 1043800 U14
UNITED PULP & PAPER CO. LTD 0.225 29347500 U09
UOB-KAY HIAN HOLDINGS LIMITED 1.79 369900 U10
VIKING OFFSHORE AND MARINE LTD 0.225 11742200 557
WHEELOCK PROPERTIES (S) LTD 1.95 347200 M35
WILMAR INTERNATIONAL LIMITED 6.93 5405300 F34
WING TAI HLDGS LTD 1.91 1588800 W05
YING LI INTL REAL ESTATE LTD 0.58 27856600 5DM
YONGNAM HOLDINGS LIMITED 0.285 16025300 Y02

Radar 150410

STI has traded well above 3,000 psychological level with booster from singapore economy growth data well above expectation. "Alert" was posted 2 days ago and I hope you have loaded the strong stocks which had a bull run yesterday. Today profit taking sets in and waiting for afternoon performance..

A penny for your thought.. book half of the profit.. do not let greed override. Trade to win.

Alert!!

As of 12am =
Dow Jones trading above 11,000
S&P 500 above 1,200
VIX near 15points.

Dollar weaken on Greece aid plan

Crude Oil price rising above $85

= bullish market=)

Can't wait to see If STI could break above 3,000 points = turbo charged market.

Research Reports

Please forward your request to raymondchng@limtan.com.sg and you will be added to my mailing list.

Cheers

Radar 12 April 10

Dow Jones has closed 70 points above previous high on friday and has been flirting with the 11,000 mark. With the upcoming week of earning postings, we have seen STI merely closed 8 points above with only Middle and Small Cap stocks showing significant movement. Large Cap stocks should be moving this week as companies are posting their results. Nevertheless, the penny counters will continue their momentum till the market rotates to the blue chips. Traders please beware of your positions if you have loaded penny counters which probably you do not favour long term strategy. Enjoy the ride.

Disclaimer applies..

Security Name Close Ave Vol Symbol
ABR HOLDINGS LIMITED 0.385 487600 533
ASIA ENTERPRISES HOLDING LTD 0.295 561800 A55
ASL MARINE HOLDINGS LTD 0.97 396800 A04
AZTECH SYSTEMS LTD 0.275 2239000 560
BAKER TECHNOLOGY LTD 0.34 2339500 568
BENG KUANG MARINE 0.27 2747800 5MC
BEYONICSTECHNOLOGY LIMITED 0.25 2889500 B19
BREADTALK GROUP LIMITED 0.665 952600 5DA
BROADWAY INDUSTRIAL GROUP LTD 1.04 2360400 B69
C2O HOLDINGS LIMITED 0.47 8173800 5FD
CAMBRIDGE INDUSTRIAL TRUST 0.5 2906000 J91U
CHASEN HOLDINGS LIMITED 0.49 625169.6875 5NV
CHEUNG WOH TECHNOLOGIES LTD 0.375 465000 C50
CHINA AVIATION OIL(S) CORP LTD 1.51 3734100 G92
CHINA SKY CHEM FIBRE CO. LTD. 0.195 946400 E90
CHINA SUNSINE CHEM HLDGS LTD. 0.245 717100 CH8
CHINA XLX FERTILISER LTD. 0.605 9927400 B9R
CHINA ZAINO INTERNATIONAL LTD 0.29 6918300 FP1
CITY DEVELOPMENTS LTD 11.4 2088400 C09
DMX TECHNOLOGIES GROUP LTD 0.42 7892900 5CH
EPURE 1.01 8045900 E6E
EZRA HOLDINGS LIMITED 2.55 3926600 5DN
FIRST RESOURCES LIMITED 1.21 2915300 EB5
FORTUNE REAL ESTATE INV TRUST 3.61 3183400 F25U
FRASER AND NEAVE LIMITED 4.9 2886000 F99
FRENCKEN 0.27 942300 E28
GMG GLOBAL LTD 0.225 73752304 5IM
GOODPACK LIMITED 1.78 3542600 G05
GP BATTERIES INT LTD 1.84 325400 G08
GUOCOLEISURE LIMITED 0.71 4481900 B16
HEETON HOLDINGS LIMITED 0.51 448700 5DP
HENGXIN TECHNOLOGY LTD. 0.445 10026100 I85
HI-P INTERNATIONAL LIMITED 0.655 555300 H17
HIAP SENG ENGINEERING LTD 0.64 559500 510
HUPSTEEL LTD 0.285 485000 H73
INNOTEK LTD 0.6 7480200 M14
JARDINE C&C 30.24 394900 C07
KENCANA AGRI LIMITED 0.325 3240300 F9M
KEPPEL CORPORATION LIMITED 9.4 3415400 BN4
LI HENG CHEM FIBRE TECH LTD 0.295 9862700 E9A
LION ASIAPAC LTD 0.46 5502900 L08
MEDIARING.COM LTD 0.255 9247700 M09
MERCATOR LINES (SINGAPORE) LTD 0.31 2491000 EE6
MFS TECHNOLOGY LTD 0.26 711800 5BM
NEPTUNE ORIENT LINES LTD 2.16 14035000 N03
NOVENA HOLDINGS LIMITED 0.215 6632600 557
NOVO GROUP LTD 0.25 15348100 5MY
OCEANUS GROUP LTD 0.37 9980400 579
OSIM INTERNATIONAL LTD 0.91 4137900 O23
PACIFIC ANDES (HOLDINGS) LTD 0.385 18795100 P11
PACIFIC SHIPPING TRUST 0.29 358000 P48U
PCI LTD 0.455 578300 P19
PEOPLE'S FOOD HOLDINGS LIMITED 0.695 1224400 P05
PTERIS GLOBAL LIMITED 0.21 1579600 J74
QAF LTD 0.7 726400 Q01
SEMBCORP MARINE LTD 4.25 5030200 S51
SINGAPORE TECH ENGINEERING LTD 3.32 5609000 S63
SINOMEM TECHNOLOGY LIMITED 0.55 1989400 S14
SINOPIPE HOLDINGS LIMITED 0.23 934600 X06
SINOTEL TECHNOLOGIES LTD. 0.53 10330700 D3W
SINWA KS LIMITED 0.42 402700 5CN
SOILBUILD GROUP HOLDINGS LTD 1.5 1826600 T94
SOUND GLOBAL LTD 1.01 8045900 E6E
SPORE AIRPORT TERMINAL SVCSLTD 2.7 1320200 S58
SSH CORPORATION LTD 0.275 1977800 S11
STAMFORD LAND CORPORATION LTD 0.51 1708700 H07
SUNNINGDALE TECH LTD 0.19 12012400 T35
THAI BEVERAGE PUBLIC CO LTD 0.285 8724600 Y92
TIANJIN ZHONG XIN PHARM GROUP 1.36 381200 T14
TRITECH GROUP LIMITED 0.31 922200 5NL
UNI-ASIA FINANCE CORPORATION 0.43 4307700 C3T
UNITED ENGINEERS LTD ORD 2.54 879800 U04
UNITED ENVIROTECH LTD 0.335 6939500 U19
UNITED OVERSEAS LAND LTD 4.07 1062700 U14
UNITED PULP & PAPER CO. LTD 0.22 28451500 U09
VIKING OFFSHORE AND MARINE LTD 0.215 6632600 557
WILMAR INTERNATIONAL LIMITED 6.89 6440000 F34
YANGZIJIANG SHIPBLDG HLDGS LTD 1.24 16469800 BS6
YING LI INTL REAL ESTATE LTD 0.555 15477600 5DM
YONGNAM HOLDINGS LIMITED 0.3 15822500 Y02
Z-OBEE HOLDINGS LIMITED 0.53 26526700 D5N

Radar 08 April 10

Security Name Close Ave Vol Ticker Symbol
ALLGREEN PROPERTIES LTD 1.25 3503600 A16
AQUA-TERRA SUPPLY CO. LIMITED 0.37 562400 5EE
AUSGROUP LIMITED 0.62 6951100 5GJ
BAKER TECHNOLOGY LTD 0.335 1931900 568
BENG KUANG MARINE 0.26 2549900 5MC
BEST WORLD INTERNATIONAL LTD 0.4 2715400 5ER
BEYONICSTECHNOLOGY LIMITED 0.235 2322200 B19
BOUSTEAD SINGAPORE LIMITED 0.845 556000 F9D
BREADTALK GROUP LIMITED 0.67 1131400 5DA
BRIGHT WORLD PRECISION MAC LTD 0.245 308900 B49
BROADWAY INDUSTRIAL GROUP LTD 1.01 3152200 B69
C & O PHARM TECH (HLDGS) LTD 0.42 3442300 E92
C2O HOLDINGS LIMITED 0.46 8000700 5FD
CHASEN HOLDINGS LIMITED 0.455 656707.625 5NV
CHINA FLEXIBLE PACK HLDG LTD 0.255 452000 C59
CHINA HU AN CABLE HOLDINGS LTD 0.425 3852600 KI3
CHINA XLX FERTILISER LTD. 0.61 9178700 B9R
CHIP ENG SENG CORPORATION LTD 0.415 3500700 C29
FORTUNE REAL ESTATE INV TRUST 3.62 2825200 F25U
FRASER AND NEAVE LIMITED 4.97 3016000 F99
FRENCKEN 0.265 995400 E28
GOODPACK LIMITED 1.8 4006600 G05
GP BATTERIES INT LTD 1.81 332300 G08
GUOCOLEISURE LIMITED 0.705 4292300 B16
HEETON HOLDINGS LIMITED 0.495 531600 5DP
HENGXIN TECHNOLOGY LTD. 0.435 7768400 I85
HIAP SENG ENGINEERING LTD 0.635 472400 510
HONG LEONG ASIA LTD 4.66 1828100 H22
HOTEL PROPERTIES LTD 2.33 372800 H15
HTL INT'L HOLDINGS LIMITED 0.84 4813400 H64
HUPSTEEL LTD 0.285 432300 H73
JARDINE C&C 31.92 389300 C07
JAYA HOLDINGS LTD 0.71 7303300 J10
KENCANA AGRI LIMITED 0.315 2720100 F9M
KEPPEL CORPORATION LIMITED 9.48 3203700 BN4
KEPPEL LAND LTD 3.73 2561500 K17
LEE METAL GROUP LTD 0.235 760900 593
LI HENG CHEM FIBRE TECH LTD 0.29 8818400 E9A
LION ASIAPAC LTD 0.455 4152700 L08
LMA INTERNATIONAL N.V. 0.245 302100 L24
MENCAST HOLDINGS LTD. 0.365 2656800 5NF
MERCATOR LINES (SINGAPORE) LTD 0.305 1736600 EE6
NEPTUNE ORIENT LINES LTD 2.14 14018100 N03
NOVENA HOLDINGS LIMITED 0.21 4377700 557
NOVO GROUP LTD 0.245 17074800 5MY
OCEANUS GROUP LTD 0.37 8851700 579
PAN HONG PROPERTY GROUP LTD 0.645 582800 P36
PARKWAY HLDGS LTD 3.26 2083100 P27
PSC CORPORATION LTD 0.305 479100 DM0
QAF LTD 0.69 1721900 Q01
RENEWABLE ENERGY ASIA GRP LTD 0.265 940100 5DW
ROTARY ENGINEERING LIMITED 1.11 3912900 R07
ROXY-PACIFIC HOLDINGS LIMITED 0.355 3696600 E8Z
SEMBCORP MARINE LTD 4.32 4459400 S51
SINGAPORE REINSURANCE COR LTD 0.27 702700 S49
SINOMEM TECHNOLOGY LIMITED 0.55 1862300 S14
SINOTEL TECHNOLOGIES LTD. 0.525 10251400 D3W
SOILBUILD GROUP HOLDINGS LTD 1.5 1863000 T94
SPORE AIRPORT TERMINAL SVCSLTD 2.7 1356500 S58
SSH CORPORATION LTD 0.275 1926000 S11
STAMFORD LAND CORPORATION LTD 0.51 1493700 H07
STARHUB LTD 2.36 2682500 CC3
STATS CHIPPAC LTD 1.11 755800 S24
SUPERIOR FASTENING TECH LTD 0.265 940100 5DW
THAI BEVERAGE PUBLIC CO LTD 0.28 9429700 Y92
UNITED ENGINEERS LTD ORD 2.55 835300 U04
VIKING OFFSHORE AND MARINE LTD 0.21 4377700 557
Z-OBEE HOLDINGS LIMITED 0.525 31434900 D5N

Good start for April 10

Today marks a good start for April with index gaining 50 pts and
counters closing high after breakout- nol :). We should see it gapping
up on mon if Dow closed on a positive note. As I posted earlier, STI
will test the 2947 mark which will mark a new beginning close to pre
crisis level:) profit taking is imminent Monday but watch as the waves
will start again.. Enjoy the ride .. For now

Sent from my iPhone

Sector 010410 - Commodities and Shipping

Movement in these counters as of 1217pm

Golden Agri
Indo Agri
KencanaAgri

Radar 01April10

STI staged a reversal after yesterday's losses and despite DOW jones losing 50 points.

"Asian stock markets shrugged off the negative finish on Wall Street, making modest gains on Thursday"

NOL in particular broke the R 2.03 and thrusted to 2.09 in the first 30 mins. Seems like ship building and logistics are showing movement in view of falling currencies. except cosco :). Potential stocks are YZJ as volume accumulation is at 1.18. R1.20. Penny counters had their fair share of gains and are showing signs of exhaustion. But will continue the trend soon. C&O pharm, Hengxin, XLX, Osim, etc.. See how the asian bourses fare in the afternoon.. Cheers

Disclaimer applies.

Raymond Chng

Security Name Close Ave Vol
ADVANCED HOLDINGS LTD. 0.305 1540500
AEI CORPORATION LTD 0.195 2479200
ANWELL TECHNOLOGIES LIMITED 0.585 683278.5
AQUA-TERRA SUPPLY CO. LIMITED 0.37 469100
ARMSTRONG INDUSTRIAL CORP LTD 0.32 8955900
BEST WORLD INTERNATIONAL LTD 0.385 2628900
BEYONICSTECHNOLOGY LIMITED 0.23 2802100
BREADTALK GROUP LIMITED 0.69 1186640
BROADWAY INDUSTRIAL GROUP LTD 0.955 3290600
C & O PHARM TECH (HLDGS) LTD 0.415 5173600
CAPITARETAIL CHINA TRUST 1.23 627700
CHASEN HOLDINGS LIMITED 0.535 335600
CHEUNG WOH TECHNOLOGIES LTD 0.345 628400
CHINA ANIMAL HEALTHCARE LTD 0.3 12146700
CHINA AVIATION OIL(S) CORP LTD 1.28 1317000
CHINA FISHERY GROUP LIMITED 1.99 629100
CHINA XLX FERTILISER LTD. 0.61 7251300
CHIP ENG SENG CORPORATION LTD 0.405 3086200
CSE GLOBAL LTD 0.99 1125900
DMX TECHNOLOGIES GROUP LTD 0.365 6665800
ETIKA INTERNATIONAL HLDGS LTD 0.65 383600
FORTUNE REAL ESTATE INV TRUST 3.57 2920600
FRENCKEN 0.245 355400
GENTING HONG KONG LTD 0.21 3824000
GOODPACK LIMITED 1.75 4043300
GP BATTERIES INT LTD 1.78 329100
GUOCOLAND LIMITED 2.38 324800
HEETON HOLDINGS LIMITED 0.48 450400
HONG LEONG ASIA LTD 4.54 2422900
HTL INT'L HOLDINGS LIMITED 0.805 6243300
INNOTEK LTD 0.535 6702300
IS MSCI INDIA 100 7.14 436530
JARDINE C&C 29.38 424100
KEPPEL CORPORATION LIMITED 9.12 3460200
KEPPEL LAND LTD 3.67 2712200
KS ENERGY SERVICES LIMITED 1.3 544600
LEE METAL GROUP LTD 0.225 555900
LONGCHEER HOLDINGS LIMITED 0.68 2100500
MENCAST HOLDINGS LTD. 0.355 2425100
NOVO GROUP LTD 0.24 13585000
OKP HOLDINGS LIMITED 0.525 619200
OSIM INTERNATIONAL LTD 0.89 3900200
PACIFIC ANDES (HOLDINGS) LTD 0.35 12154900
PAN HONG PROPERTY GROUP LTD 0.635 692600
PARKWAY HLDGS LTD 3.36 2514400
RENEWABLE ENERGY ASIA GRP LTD 0.275 745000
ROTARY ENGINEERING LIMITED 1.06 2954000
ROXY-PACIFIC HOLDINGS LIMITED 0.345 3422000
SARIN TECHNOLOGIES LTD 0.69 965900
SINGTEL 3.17 14541800
SMRT CORPORATION LTD 2.04 1209100
SOILBUILD GROUP HOLDINGS LTD 1.46 1228300
STAR CRUISES LIMITED 0.21 3824000
SUPERIOR FASTENING TECH LTD 0.275 745000
TECHCOMP (HOLDINGS) LIMITED 0.55 964000
TIME WATCH INVESTMENTS LIMITED 0.205 2210400
TUAN SING HOLDINGS LIMITED 0.24 1152200
UNITED OVERSEAS BANK LTD 19.22 3338000