Hyflux Water Trust (HWT) have been in negotiations to obtain funding to finance the acquisition of the first tranche of 9 assets from sponsor Hyflux, which deteriorating credit conditions may render unviable.

Rickmers Maritime (RMT) recently accepted delivery of its 12th vessel, MOL Dedication, the second of 13 additional vessels RMT is contracted to buy over 2008-2010.

Our HK/China property analysts believe that the next 12 months will be a differentiating period for the China property market.

The Singapore government announced a new enhanced parenthood package to encourage couples to have more children.

Its uniform microfibre leather will be Fibrechem Technologies’ (FT) new growth driver with revenue CAGR of 23% from FY07 to FY10F.

We have reduced our estimates and assumed flat prices in 2009 owing to the reduced S’pore residential price momentum and lower AustraLand earnings.

According to Rigzone, Cosco Nantong Shipyard has been listed to build the 2 new rigs for Sevan, with an option announced in Jun-08 to build 6 more drilling units at an estimated US$1.4b-2.1b.

Hyflux, with Hyflux Water Trust (HWT), jointly announced the first portfolio of qualifying projects earmarked for potential injection into HWT.

Since our 22 May downgrade of the dry bulk shipping sector, share prices have sunk by 30% for STX Pan Ocean, reflecting leverage to a 14% decline in the Baltic Dry Index (BDI).

Outlook for the palm oil industry is still looking positive. We believe Indofood Agri Resources’ (IFAR) age profile of trees favourably positions it to enjoy the benefits of current high CPO prices.