Rickmers Maritime Continues To Excel With Solid 1H08 Results

Mainboard-listed Rickmers Maritime announced a solid set of results for 1H08. All financial indicators outperformed forecasts, especially net profit which exceeds projections by 53%. The Trust will distribute 2.25 US cents per unit for the second quarter, an increase of 5% from earlier quarterly distributions of 2.14 US cents per Unit, following the approval for the acquisition of 13 new vessels. The company successfully secured a total debt of US$627.5m in the midst of credit crisis, as well as achieved shareholder approval to raise up to US$650m of equity, if necessary. These measures provide the company with sufficient financing flexibility to execute its acquisition strategy going forward.

DMX Wins “Smartcardless” Digital CATV Solutions Contract

Mainboard-listed DMX Technologies, a leading information technology enabler and digital media provider, is shaking up the digital cable television (CATV) market once again with a provincial scale smartcard-less digital CATV contract win from Shaanxi Provincial Cable TV Network in Shaan’xi Province, PRC. Shaanxi CATV is the first provincial cable TV operator to be listed in PRC. It has 3.8m cable subscribers and is pioneering a mega scale digital conversion with plans to leapfrog its coverage to 7.8m subscribers in the future. Winning this project has placed DMX into different league in the digitisation of the PRC’s analog CATV market. The initial roll-out, which covers 1m subscribers at Xian, the capital city of Shaanxi province, is the first and largest provincial smartcard-less conditional access implementation in China.

Li Heng Achieves Strong Growth In 1H08

Mainboard-listed Li Heng Chemical Fibre Technologies, a leading manufacturer of high-end nylon fibres, announced that its IH08 net profit rose 19.2% to Rmb564.5m on the back of a 36.6% growth in revenue. The robust topline and bottomline growth when compared yoy reflected the full benefit of additional annual production capacity of 74,800 metric tonnes that came on stream with the commencement of Liheng Phase II and Liyuan Phase III production facilities in February and March 2008 respectively. The company is on track with its Liheng (PRC) Phase III development, which is expected to be completed in 3Q09 and will then increase production capacity to 257,000 metric tonnes.

Sinotel’s Order Book Swells To Rmb292m

Mainboard-listed Sinotel Technologies, an innovator in the provision of wireless telecommunications infrastructure and solutions in the PRC, announced that its order book as at 30 June 2008 has appreciated to approximately Rmb292m, on the back of a Rmb234m boom in 1H08. The company is in the midst of a major growth phase for China’s telecommunications sector that is likely to see billions of Yuan being injected as capital expenditure over the next few years. Sinotel is one of the industry leaders positioned to benefit from this explosive growth in infrastructure and services development.

Yanlord Achieves Contracted Pre-Sales Of Rmb610m

Yanlord Land, a real estate developer focusing on developing high-end integrated residential and commercial properties in strategically selected high-growth cities in the People’s Republic of China, announced that the launch of its second batch of apartment units in Shanghai Yanlord Riverside City Phase 3 has received strong response from the market. Total contracted pre-sales for the opening weekend amounted to Rmb610m while the average selling price for the latest batch of its pre-sold apartments at Shanghai Yanlord Riverside City Phase 3 rose 6.4% to approximately Rmb41,500 per square metre.