Company Highlights

Smartflex Holdings Ltd issued a profit guidance following a preliminary assessment of the unaudited financial results for the six months ended 30 June 2012. The Group expects revenue for 1H2012 to be marginally lower than 1H2011. This is a result of the ongoing Eurozone crisis as well as aggressive competitor’s pricing which have reduced the demand for the Group’s products. The lower net profit after tax is due to an increase in operating and raw material costs. Nevertheless, the Group expects to remain profitable for 1H2012. (Closing Price: $0.14, +0%)

Tianjin Zhong Xin Pharmaceutical Group Corporation Limited announced that it expects to report a strong profit for the first half of the financial year ending 31 December 2012. It is expected that the net profit of the Group for HY2012 will increase by approximately 50% to 70% over the previous corresponding period. (Closing Price: US$0.735, -1.34%)

Keppel Corporation Limited announced that Keppel Shipyard Ltd has secured
three conversion contracts with an initial combined value of S$103 million. The contracts are from PTSC Asia Pacific Pte Ltd, Perenco Group and BC Petroleum Sdn Bhd. The contract from PTSC Asia Pacific, which is a joint venture between PetroVietnam Technical Services Corporation (PTSC) and Yinson Holdings Berhad (Yinson), is to convert a tanker to a Floating Production Storage and Offloading (FPSO) unit. The second contract is from Perenco to convert a tanker to a Floating Storage and Offloading (FSO) unit. The third contract is from BC Petroleum for the modification and upgrading of a tanker to an Early Production Vessel, EPV Balai Mutiara. (Closing Price: $11.06, -1.07%)

Orchard Parade Holdings Limited announced a share purchase agreement with FEO Asset Management Pte. Ltd. to acquire (i) 330,000 ordinary shares in the share capital of FEO Hospitality Asset Management Pte. Ltd., and (ii) 33 ordinary shares in the share capital of FEO Hospitality Trust Management Pte. Ltd. The total consideration for the acquisition of the ordinary shares in each of the proposed REIT Manager and the proposed Trustee-Manager is S$330,000 and S$33 respectively, and such consideration was arrived at on a willing-buyer and willing-seller basis. (Closing Price: $2.10, +0.96%)

HLN Technologies Limited announce that the Company had on 20 July 2012 entered into a conditional sale and purchase agreement with Mr Wa Kok Liang Leslie for the proposed disposal by the Company of its entire shareholding interest in its wholly-owned subsidiary HLN Rubber Products Pte. Ltd. and its indirect subsidiaries, HLN (Suzhou) Rubber Products Co., Ltd., PT HLN Batam and HLN Rubber Industries Sdn Bhd. The Proposed Disposal will be effected via the disposal of the Company’s entire shareholding interests in HLN Rubber for a sum of S$6,500,000, as well as the sale and assignment of a shareholder’s loan, to the Purchaser for a sum of S$1,247,641.56. (Closing Price: $0.18, +0%)

Swee Hong Limited announced that it has secured a construction contract from the Land Transport Authority worth approximately S$12.8 million for the widening of Upper Paya Lebar Road from Upper Serangoon Road to Bartley Road. The commencement date of the Contract is 16 July 2012 and the completion date for the Contract is 15 January 2015. The Contract is not expected to have any material impact on the Company’s earnings or the net tangible assets for the current financial year ending 30 June 2013. (Closing Price: $0.275, -1.79%)

Sunpower Group Ltd clinched a RMB48.9 million contract from Hubei Fertiliser Company, a subsidiary of China Petrochemical Corporation, a state-owned petroleum and petrochemical enterprise group with a registered capital of RMB182 billion. This new contract, signed under Sunpower’s wholly-owned subsidiary Jiangsu Sunpower Technology Co., Ltd., involves the supply of two coupling reactors for a glycol production demonstration unit with an annual capacity of 200,000 tonnes to Sinopec’s Hubei fertiliser plant in 2013 and will have a positive impact on FY2013 results. (Closing Price: $0.20, +0%)

Mun Siong Engineering Limited wishes to inform the shareholders of the Company that, based on the information that is currently available, it is expected that the Company will report a net loss for six months ended 30 June 2012. This is mainly due to lower business activity, rising operating costs, as well as margins driven down by keen competition. (Closing Price: $0.10, +0%)