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24-Sep-2009 14:37 CityDev / CityDev Go to Message

x 0

>> PART I

1. Date of notice to issuer * 23-09-2009

2. Name of Substantial Shareholder * Aberdeen Asset Managers Limited

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. Information relating to shares held in the name of the Registered Holder

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

1. Date of change of Interest 18-09-2009

2. The change in the percentage level From 7.9666 % To 8.0944 %

3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

A series of transactions

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	72,440,900
As a percentage of issued share capital	0 %	7.9666 %
No. of shares held after the change	0	73,602,900
As a percentage of issued share capital	0 %	8.0944 %

Footnotes

Percentages indicated in this notice refer to the percentage of issued ordinary shares of the Company.

% of issued ordinary shares before / after the change is based on 909,301,330 ordinary shares as at 18 September 2009.

This information is provided pursuant to the position taken by the Monetary Authority of Singapore for fund manager to disclose by way of segregated reporting the fund manager's interests (a) in shares over which the fund manager has no voting rights but has disposal rights and (b) in shares over which the fund manager has both voting rights and disposal rights.
(a) No. of shares held without voting rights but with disposal rights : 40,469,700 shares.
(b) No. of shares held with voting rights and disposal rights : 33,133,200 shares

Attachments

Total size = 0
(2048K size limit recommended)

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24-Sep-2009 14:36 CityDev / CityDev Go to Message

x 0

>> PART I

1. Date of notice to issuer * 23-09-2009

2. Name of Substantial Shareholder * (1) Credit Suisse, and (2) Credit Suisse Group AG

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. Information relating to shares held in the name of the Registered Holder

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

1. Date of change of Deemed Interest 18-09-2009

2. The change in the percentage level From 15.9353 % To 16.0737 %

3. Circumstance(s) giving rise to the interest or change in interest # Others

# Please specify details

The substantial shareholding interests of Credit Suisse and Credit Suisse Group AG arise from:
(a) purchase of 1,162,000 ordinary shares of City Developments Limited ("CDL Shares") by Aberdeen Asset Management plc and its subsidiaries ("Aberdeen"). By virtue of Section 7(4A) of the Companies Act, Chapter 50, Credit Suisse is deemed to have an interest in the CDL Shares held by Aberdeen. Credit Suisse is a subsidiary of Credit Suisse Group AG.
(b) other affiliates' purchases of 97,000 CDL Shares.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change in percentage level is the result of the circumstances mentioned above.

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	0	144,900,186
As a percentage of issued share capital	0 %	15.9353 %
No. of shares held after the change	0	146,159,186
As a percentage of issued share capital	0 %	16.0737 %

Footnotes

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24-Sep-2009 14:22 Mermaid Maritime / Mermaid Go to Message

x 0
x 0 DBS Vickers Securities in a Sept 22 research report says:
"Mermaid has announced 9-for-20 rights share issue to raise gross proceeds of $156 million,
or net proceeds of $152 million. We estimate that Mermaid would have a cash hoard of
US$192 million by end FY2009 (FYE September) for acquisition opportunities; post rights
share issuance.

"With this newly raised equity, Mermaid agrees with our view that any distressed asset acquisition
could occur within a 3-6 months time frame, and also adds that any strategic company acquisition
may occur within the next 12 months. We have rolled forward our valuation metrics to 9x and 12x
blended FY2010/2011 PE (FYE September) for Mermaid’s subsea engineering and drilling businesses,
respectively, on higher chance of near term price catalyst. Hence, our target price is raised to $1.71.
The fully diluted target price (ex-rights adjustment) is $1.18. MAINTAIN BUY."

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24-Sep-2009 14:19 SIA / A380 A Great Way to Fly Go to Message

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x 0 DBS Vickers Securities in a Sept 22 research report says:
"SIA’s operating statistics in July and August indicate that the decline in demand has bottomed and
with capacity having been cut by over 12%, load factors have also rebounded to above 78% in July
and August, compared with an average of under 70% in the preceding 5 months.

"We expect demand to improve gradually along with the economy, boosted by the upcoming opening of
Singapore’s two Integrated Resorts. Although SIA was unprofitable in 1Q10, we project a stronger second
half to help SIA into the black for the full year, with net earnings of $415 million. FY2011’s PAT (profit after tax)
is projected to further improve on stronger load factor and yield to $974 million. With improving earnings prospects,
we peg our target price for SIA to 1.4x Price-to-Book, which is at the 50th percentile of its historical trading range.
This translates to a target price of $15.25. UPGRADE TO BUY."

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24-Sep-2009 14:16 Midas / Midas Go to Message

x 0
x 0 Midas Holding (MIDAS SP), a supplier of aluminum extrusion profiles used in train carriages.

Kim Eng Holdings raised its share- price estimate to $1.15 from 99 cents
and maintained its “buy” rating on Midas.

Written by Bloomberg

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24-Sep-2009 13:05 Allgreen / Allgreen - Can buy ? Go to Message

x 0
x 0 'If exports picked up on a strong US economic recovery in the first half of 2010,
the key driving forces of China's economic growth would still be exports, property and investment,'

(BT - REUTERS, 24 September 2009)
Ba Shusong with the Development Research Centre, a think tank under the State Council, or cabinet, told the China
Securities Journal that economic restructuring would become Beijing's top concern once it had revived growth.

'If exports picked up on a strong US economic recovery in the first half of 2010, the key driving forces of China's economic
growth would still be exports, property and investment,' Mr Ba was quoted as saying.

China has enjoyed annual growth of about 10 per cent in recent years, boosted by a surge in exports that has faded
because of the global crisis. As a result, growth this year is likely to be closer to 8 per cent - too weak for comfort
for China's leaders.

'If exports once again become a growth engine in 2010, China would be forced to buy more dollar assets for its foreign
exchange reserves. The imbalance between the Chinese and US economy would remain,' Mr Ba said.

China could be enjoying double-digit growth again by early 2010 but at the cost of the persistence of economic
imbalances, a government economist said in remarks published on Thursday.....

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24-Sep-2009 12:57 Yanlord Land / Lord of China Prop Go to Message

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24-Sep-2009 11:03 Allgreen / Allgreen - Can buy ? Go to Message

x 0
x 0 Est profit of $336.8mln for two projects, AG 2H P&L will be achieve very pleasing result!

est. profit todate for VIVA project is about $222,637,216

est. profit todate for The Cascadia project is about $114,221,670

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23-Sep-2009 09:08 Yanlord Land / Lord of China Prop Go to Message

x 0
x 0 Yanlord Power up +0.08! Wow

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22-Sep-2009 09:55 Hong Leong Asia / Hong Leong Asia Go to Message

x 0
x 0 +0.12 Wow !

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21-Sep-2009 17:03 Yanlord Land / Lord of China Prop Go to Message

x 0
x 0 China Property

Until the export sector picks up, the domestic property story is going to be the main driver of Chinese growth,
monetary policy would remain loose until the end of 2010.

With weak exports dragging the economy down, Beijing was relying on buoyant apartment and share prices
to help it meet its target of 8 per cent growth - and does not want to wind back its stimulus measures just yet...

'Public and private statements by Chinese officials signal clearly that they are not worried about asset prices overheating,
and they are instead concerned about the sustainability of the economic recovery now under way,' Andy Rothman
and Julia Zhu, economists at CLSA, said in a report....

Premier Wen Jiabao said earlier this month that China's recovery remained fragile and that it was too soon for Beijing to
reconsider its current stimulus policy...

And central bank vice- governor Su Ning was quoted as saying last week that monetary policy would remain loose until
the end of 2010...

New data in August suggested the government- funded spending spree was paying off - fixed asset investment was steady,
retail sales accelerated and new lending rebounded after a sharp fall in July....

Yet exports, China's main growth engine, continued to fall in the first eight months of the year.

Mr Kurtz said the government was now relying on the property market to drive the economy.

'Until the export sector picks up, the domestic property story is going to be the main driver of Chinese growth,' said Mr Kurtz.

'China needs construction to resume and remain robust next year and that won't happen unless China leaves in place policies
that sustain confidence in property prices and sustain relatively high transaction volumes in the residential property market.'..

(BT, AFP, 21/09/2009)

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21-Sep-2009 16:14 Ho Bee Land / Ho Bee / SC Global (High end Prop) Go to Message

x 0
x 0 Singapore property: Values to emerge as share prices correct
15 September 2009

CIMB-GK Securities in a “quick take” report today on the government’s anti-speculative measures said “We are of the
view that these cooling measures will eventually have a positive impact on the sector in the longer term by facilitating a
property recovery backed by more genuine demand. The broader environment characterised by ample liquidity, low interest
rates and strong household balance sheets remains intact. At this juncture, we do not expect the government to introduce
further demand-side measures (e.g. capital gains tax and/or limiting loan-to-value ratios offered by banks).”......

“We retain our positive views on CityDev and Ho Bee with unchanged target prices of S$11.76 (20% premium to RNAV)
and S$1.59 (parity to RNAV) respectively. The former has been very aggressive in the past year in pushing out property
launches to very favourable take-up rates. Forward cash flows are expected to remain solid."...............

Longer-term, the broad property drivers are intact, said the broker....

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21-Sep-2009 15:49 Miyoshi / Does this counter give good dividend? Go to Message

x 0
x 0 Top shareholders of tech stocks take profit (The Edge, 6 Sept09)

As the economy emerges from the slump, some substantial shareholders appear to have taken
the opportunity to cash out as stock prices touched one-year highs amid the market rally.

At Miyoshi Precision, chief operating officer Tan Kay Guan sold over one million shares last
week in the precision engineering firm last week. On Aug 28, Tan sold 290,000 shares at 15 cents each.
On Sept 1, he sold another 800,000 shares at a high of 16.5 cents each. The open market transactions
leave him with just over five million directly-held shares in the company, or 1.19%. Tan also has a deemed
stake of 0.92%, or about 3.9 million shares. Miyoshi’s share price has recovered by nearly 150% this year,
following a low during the economic and tech slump last year. The stock touched a 52-week high of 18.5 cents
in trading last week.

Miyoshi last month disposed of its 51% stake in Fastrack Pte Ltd, a maker of machine tools, for $228,480
(under the terms of an out-of-court settlement). The company says the net assets of Fastrack as at May 11, 2009,
(the effective date of the end of the legal case) was $206,462. Separately, Miyoshi said on Aug 11 that it had
acquired a 60% equity stake in AWP Precision Engineering Pte Ltd for $324,000. The company says the investment
is to boost its precision engineering capabilities. For its 3Q ended May, Miyoshi earned $2.6 million, on the back
of $20.8 million in revenue.....

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21-Sep-2009 15:21 Mermaid Maritime / Mermaid Go to Message

x 0
x 0 Mermaid Maritime plans 9-for-20 rights issue to raise up to $156m
(From: The Edge, 18/09/2009)

Mermaid Maritime, one of the leading providers of drilling and sub-sea engineering services for the offshore oil and
gas industry, is proposing a renounceable fully-underwritten rights issue of 243,542,403 new shares to raise gross
proceeds of $156 million.

Shareholders will be entitled to apply for 9 rights shares for every 20 shares they own at an issue price of 64 cents each.

Thoresen Thai Agencies Public Company’s subsidiary is sub-underwriting 100% of the rights issue...

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21-Sep-2009 15:13 Chemoil Ene USD / CHEMOIL Go to Message

x 0
x 0 Chemoil Energy served letter of summons by Jakarta court

Chemoil Energy says it has been served with a letter of summons by the Jakarta Utara District Court
in North Jakarta, Indonesia, on behalf of Alexander Thaslim.

According to the summons, Thaslim is bringing six different parties, including Chemoil, to court. The
company says Thaslim alleged loss of profits and loss of reputation in connection with potential business deals,
which he alleges, were improperly cancelled.

The company says the summons was issued despite the fact that it has never entered into any binding
agreement to complete any business deals with the Thaslim.

Chemoil says that it “intends to vigorously defend the allegations and will exercise all available legal remedies
to oppose this meritless”.

(From: The Edge, 18 Sept 2009)

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20-Sep-2009 14:17 Bukit Sembawang / BukitSem Go to Message

x 0
x 0 DBS Vickers Securities , 11 Sep'09 Bukit Sembawang (BS) offers the purest play on the Singapore residential market, with nearly 100% of its RNAV attributed to this sub-sector. BS holds 4.2 million sqft of landbank in Singapore, which places it second among listed developers. About 74% of this is low-cost legacy land from its days in the rubber plantation business, resulting in EBIT margins of 36% to 53%, which is higher than the usual 15-20% EBIT margin associated with mass-market properties. Target price is based on a 30% discount to RNAV of $8.60, to account for its low liquidity and expectation of a more gradual monetisation of its landbank. The stock is currently trading at 0.5x P/RNAV, the lowest in the sector. BUY (initiating coverage).

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20-Sep-2009 13:55 Sinotel Technolo Rg / Sinotel IPO Go to Message

x 0
x 0 Phillip Securities Research 17 September 2009

Sinotel Technologies Limited
ADR gets the heads-up from US S.E.C.

Maintain BUY call at fair value estimate of S$0.93.
The initial step to this ADR facility has been achieved i.e. approval of the ADR facility. The next step would be
establishing a market maker before US investors can start trading the ADR. We maintain our view that the completion
of the ADR facility from approval to initial US trades should serve as a significant catalyst and maintain our BUY call with target
price remaining at S$0.93. We will be monitoring the development of the ADR facility closely and issue updates as and when appropriate.

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20-Sep-2009 13:50 Ezra / Ezra Go to Message

x 0
x 0 DBS Group Research . Equity 14 September 2009

Ezra Holdings (BUY S$1.80; Price Target: 12-Month S$ 2.20, EZRA SP)
Good AHTS charter contracts
· New and renewal contracts for three AHTS.
· Better-than-expected day charter rates.
· More price catalysts to be expected ahead.
· Maintain BUY, with S$2.20 target price (+22%).

New long-term charter contracts.
Ezra announced last Friday new and renewal charter contracts for three existing AHTS.
These are long-term charters of 5 ½ to 6 years each. The combined value is worth US$152m.

More catalysts to be expected ahead.
This latest announcement by Ezra is in line with our report dated 31 August, when we highlighted
on potential catalysts for the group in the coming months, including:
1) Higher charter rates for contracts renewal for 20-30% of its AHTS fleet,
2) Charterout contracts for the two liftboats that were chartered in from Ezion Holdings,
3) More fleet management contracts update, and
4) Resolution of technical issues for 49%-owned associate’s, EOC, FPSO.

Maintain BUY on Ezra. We maintain our target price of S$2.20
for Ezra. In view of the 22% price upside potential and the
possible catalysts ahead, we maintain our BUY rating on Ezra.

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20-Sep-2009 13:44 CH Offshore / ch offshore Go to Message

x 0
x 0 DBS Group Research . Equity 15 September 2009

CH Offshore:

Deeply undervalued cash cow

· Future dividend payouts to rise as free cash flow is estimated to increase to 8.5 US cents per share in FY11.

· Sustained undervaluation vs. listed peers could trigger M&A interest.

· 58% upside to our target price of S$0.89, at 9x blended FY10/11 PE (FYE June).

· Initiate coverage on CH Offshore with a BUY.

Sustained undervaluation could trigger M&A interest. CHO now trades at 6x recurring FY10 PE (FYE June), vs. 9x average
PE for the small-mid cap offshore service providers in our coverage. CHO is also not seen as a core holding for Chuan
Hup, its second largest shareholder. Hence, in our opinion, an undervalued CHO may be an attractive M&A target for global
AHTS owners, including John Fredriksen’s Deep Sea Supply (which has close to a 5% stake in CHO).

Initiate coverage with BUY. Our fair value for CHO is S$0.89, based on 9x blended recurring FY10/11 PE (FYE June).
This gives around 58% potential upside from current price. We initiate coverage on CHO with a BUY rating.

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20-Sep-2009 13:36 SoundGlobal / Epure International Go to Message

x 0
x 0 Wed, 9 Sep 2009, OCBC Investment Research

More upside potential on positive breakout

Key resistance breached.
Epure could be poised for more upside in the weeks ahead after clearing the $0.620 key resistance on heavy volume yesterday;
we see this as a significant break given the numerous failed attempts since Mar ’08.

Indicators turning bullish.
With the RSI indicator rebounding strongly above the 50% mark and the MACD indicator initiating a bullish crossover yesterday,
they support our view that the upside momentum is building up now.

Initial resistance at $0.705.
The next resistance is at $0.705 (key support-turned-resistance level and upper boundary of 6-month uptrend channel), ahead of
the $0.830 (peaks in Oct ‘07).

Immediate support at $0.620.
Below the immediate $0.620 support, we peg the subsequent support at $0.565 (resistance-turned-support), followed by $0.465 (resistance-turned-support).

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