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581-600 of 808
After friday mild profits taking, next week stock price will resume UPWARDS trend again. 
5 SEPTEMBER 2007
SINGAPORE EQUITY RESEARCH ___________________________________________________________
KELIVE
Advanced Holdings (TP S$0.54)
A turnaround play. Demand for process equipment and clean fuel technologies are growing due to increased downstream petrochemical investments by the PRC oil majors and rising concerns on environmental pollution. The company?s currrent orderbook has swelled to S$79m as at June 2007 and we expect this number to rise further. We believe the stock can trade up to 10x FY08 P/E, with a target price of $0.54.
5 SEPTEMBER 2007
SINGAPORE EQUITY RESEARCH ___________________________________________________________
KELIVE
Advanced Holdings (TP S$0.54)
A turnaround play. Demand for process equipment and clean fuel technologies are growing due to increased downstream petrochemical investments by the PRC oil majors and rising concerns on environmental pollution. The company?s currrent orderbook has swelled to S$79m as at June 2007 and we expect this number to rise further. We believe the stock can trade up to 10x FY08 P/E, with a target price of $0.54.
Oil price rises above US$77.
Horsay liao for those vested in oil stocks.
Oil Rises Above $77 in New York on Signs of U.S. Supply Decline
By Mark Shenk
Sept. 6 (Bloomberg) -- Crude oil rose above $77 a barrel in New York for the first time in five weeks on forecasts that a government report today will show a drop in U.S. oil and gasoline supplies as refineries slowed production.
Crude-oil stockpiles dropped for the eighth time in nine weeks, according to a Bloomberg News survey. Gasoline supplies fell 1.3 million barrels as refinery rates dropped to a two-month low, the survey showed. OPEC meets in Vienna next week to review output targets.
``Traders are pricing in expectations for a big decline,'' said Eric Wittenauer, an energy analyst at A.G. Edwards & Sons Inc. in St. Louis. ``If the numbers aren't as bullish as expected, we may see a substantial pullback because of how elevated prices are.''
Crude oil for October delivery rose $1.31, or 1.7 percent, to $77.04 a barrel at 9:54 a.m. on the New York Mercantile Exchange. Futures touched $77.08, the highest intraday price since Aug. 3. Prices are up 14 percent from a year ago.
Brent crude oil for October settlement rose 91 cents, or 1.2 percent, to $75.25 a barrel on the London-based ICE Futures Europe exchange. Futures touched $75.38, the highest intraday price since Aug. 3.
The Energy Department is scheduled to release its report on petroleum inventories in the week ended Aug. 31 at 10:30 a.m. in Washington, a day later than usual because of the Labor Day holiday on Sept. 3.
Refiners probably used 90 percent of their plant capacity, down from 90.3 percent a week earlier, according to the survey. Chevron Corp.'s Mississippi refinery, the company's largest in the U.S., remains at half capacity after a fire. Valero Energy Corp.'s plant at Port Arthur, Texas, shut a 105,000-barrel-a-day unit on Aug. 16.
Refining Industry
``The increase in refinery glitches is a function of how tight the industry is,'' said Brad Samples, commodity analyst for Summit Energy Services Inc. in Louisville, Kentucky. ``There has been a lack of investment over a long period of time. The problems won't ease anytime soon.''
The U.S. warned of a terrorist threat to ``Western'' targets in Nigeria, Africa's biggest producer. Potential targets include diplomatic and commercial premises, according to a statement released today by the U.S. consulate in Lagos.
Mohammed bin Dhaen al-Hamli, president of the Organization of Petroleum Exporting Countries, said in an interview today that the world oil market is ``adequately supplied.'' OPEC pumps about 40 percent of the world's oil.
Sitting on 15k paper profits you say lah.
More good news coming !!
Hope Advanced holdings can clinch more oil contracts from this coming big project from Sinopec.
Exxon, Sinopec, Aramco Complete $4 Billion Financing For China JV9-6-07 3:28 AM EDT | E-mail Article | Print ArticleBEIJING -(Dow Jones)- A refining and petrochemical joint venture between Exxon Mobil Corp. (XOM), Saudi Arabian Oil Co. and China Petroleum & Chemical Corp. ( SNP), known as Sinopec, said Thursday it has raised around CNY30 billion ($4 billion) in funding.
The partners in Fujian Refining & Petrochemical Co., which will upgrade and triple the capacity of a refinery in Quanzhou city to 240,000 barrels a day, said it represented the largest-ever project financing for a Sino-foreign joint venture in China.
Funding was provided by a group of 11 Chinese banks plus Sinopec's finance arm, according to a statement issued by Exxon Mobil following a signing ceremony in Beijing.
International banks that had competed in the tendering process weren't picked to join the lender group.
Debt was arranged on a limited recourse basis, comprising both long-term and working capital facilities denominated in yuan and US dollars, Exxon Mobil said.
Using project financing means lenders can be repaid only from revenues generated by the project itself, and can't go after the ultimate owners in the event of default.
Project financing is often used for large, standalone energy or infrastructure projects, though the complexity and riskiness of the deals mean they aren't as common in Asia as elsewhere in the world.
Tenor for the long-term facilities will be 20 years for the yuan-denominated debt and 15 years for dollar-denominated loans, Exxon said.
The group of lenders comprises China Construction Bank Corp. (0939.HK), Industrial and Commercial Bank of China Ltd. (1398.HK), Agricultural Bank of China, Bank of China Ltd. (3988.HK), China Development Bank, Industrial Bank Co., Bank of Communications Co. (3328.HK), China Citic Bank Corp. Ltd., China Everbright Bank Co., China Merchants Bank Co. (600036.SH), and China Minsheng Banking Corp. (600016.SH)
Sinopec, Exxon and Saudi Arabian Oil, also known as Aramco, signed a contract for the integrated refinery project in the southern province of Fujian in February after years of talks. Agreement was reached despite China's policy of capping pump prices, which have brought losses to Chinese refiners because they cannot pass on high crude costs to consumers.
Sinopec will own 50% of the joint venture, with Aramco and Exxon holding 25% each. The refinery will primarily process sour Arabian crude supplied by Aramco.
It also involves the construction of an ethylene steam cracker with a capacity of 800,000 metric tons a year, a polyethylene unit with a capacity of 800,000 tons a year, a polypropylene unit with a capacity of 400,000 tons a year and an aromatics complex to produce 700,000 tons a year of paraxylene.
Support facilities including power generators and a berth capable of handling tankers with a capacity of 300,000 deadweight tons will also be built.
Exxon said Thursday that funding for the companies' fuels marketing joint venture has also been finalized. The equivalent of CNY3.3 billion in debt came from yuan-denominated working capital and long-term facilities provided by two Chinese banks.
The marketing joint venture - known as Sinopec SenMei (Fujian) Petroleum Co. - will manage and operate around 750 filling stations and a network of terminals in Fujian.
Sinopec will hold 55% of this venture, with Exxon and Aramco owning 22.5% each.
hor seh liao
Not so early !!
0.60cts will be hitted soon.
Another round of Share Buy-Back today.
Sep 05 2007 DAILY SHARE BUY-BACK NOTICE
Singapore Exchange Overseas Exchange
1 Date of Purchases 05-09-2007
2 Total number of shares purchased 380000
3 a Price paid per share#; or Currency : [Select Currency]
Amount : Currency : [Select Currency]
Amount : 3b Highest price per share# Currency : S$
Amount : 0.475 Currency : [Select Currency]
Amount : Lowest price per share# Currency : S$
Amount : 0.47 Currency : [Select Currency]
Amount : 4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# Currency : S$
Amount : 180426.93 Currency : [Select Currency]
Sep 05 2007 DAILY SHARE BUY-BACK NOTICE
Singapore Exchange Overseas Exchange
1 Date of Purchases 05-09-2007
2 Total number of shares purchased 380000
3 a Price paid per share#; or Currency : [Select Currency]
Amount : Currency : [Select Currency]
Amount : 3b Highest price per share# Currency : S$
Amount : 0.475 Currency : [Select Currency]
Amount : Lowest price per share# Currency : S$
Amount : 0.47 Currency : [Select Currency]
Amount : 4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# Currency : S$
Amount : 180426.93 Currency : [Select Currency]
0.49cts now, UP 4cts.
1 cts more to go before hit 0.50cts.
Sep 04 2007 DAILY SHARE BUY-BACK NOTICE
Date of Purchases 04-09-2007
2 Total number of shares purchased 645000
3a Price paid per share#; or Currency : [Select Currency]
Amount : Currency : [Select Currency]
Amount :
3b Highest price per share# Currency : S$
Amount : 0.46 Currency : [Select Currency]
Amount :
Lowest price per share# Currency : S$
Amount : 0.45 Currency : [Select Currency]
Amount : 4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# Currency : S$
Amount : 294,764.84
Date of Purchases 04-09-2007
2 Total number of shares purchased 645000
3a Price paid per share#; or Currency : [Select Currency]
Amount : Currency : [Select Currency]
Amount :
3b Highest price per share# Currency : S$
Amount : 0.46 Currency : [Select Currency]
Amount :
Lowest price per share# Currency : S$
Amount : 0.45 Currency : [Select Currency]
Amount : 4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# Currency : S$
Amount : 294,764.84