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DIE DIE must buy...dyodd

Drought Creating Drinking Water Shortage in China

Posted on: Wednesday, 17 March 2010, 10:15 CDT

Southwestern parts of China face a shortage of drinking water due to a rare drought that has dried up rivers and threatens to cripple farms in the Guizhou, Yunnan, and Sichuan provinces, as well as the Guangxi region and the city of Chongqing, the state-controlled Global Times is reporting.

According to information printed in a March 17, 2010 AFP article, the Global Times claims that rainfall in the above regions has been 60-percent below normal over the past six months.

A reported 17 million people in the Guizhou province were experiencing shortages of drinkable water, as 86 of the 88 cities in the region were under drought conditions.

The government is distributing emergency water supplies, according to the AFP story, and the Global Times reports that the drought conditions are the worst the country has faced in at least a century. Attempts to seed clouds and induce rainfall have been unsuccessful, according to Xinhua news agency reports, due to a lack of moisture in the clouds.

"Meteorologists have predicted the situation could worsen in coming months as hot and dry weather was expected to continue and water demand rises as farmers turn soon to their spring planting," writes the AFP.

According to a Bloomberg report posted online at BusinessWeek.com, the drought has benefitted Chinese water supply companies, who witnessed their stocks rise on Wednesday.

"The drought has left people short of water and will benefit water companies because of demand for their resources," Shenyin Wanguo Securities Company economist Li Huiyong told the news service in a phone interview. "It is controllable and hasn’t affected most of the main grain producing provinces."

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18-Mar-2010 13:42

Healthway Med / healthway, healthy?

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DMG TP 30c! raised from 26c..

in BT today..chiong ah!

DYODD

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18-Mar-2010 13:28

Citic Envirotech / ALERT: UtdEnvirotech.

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how ur butt feels?

ozone2002 ( Date: 17-Mar-2010 11:11) Posted:

utd always play backside..

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18-Mar-2010 10:16

Midas / Midas

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slow and steady like an ox!

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18-Mar-2010 09:48

SGX / SGX

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today 8.05 also have..

i already sold.. just wait for it to correct then buy again :)

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17-Mar-2010 16:28

Osim Intl / OSIM

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both give different feeling..

depends what kinda group ya in.. hahaha

Bon3260 ( Date: 17-Mar-2010 16:19) Posted:

Ozone2002,

In UtdE sharejunction u posted "UtdE always play backside"...

In Osim sharejunction u again posted "S.H.E. massage ur ass"...

Y u always talked abt "pan tat" nowaday?

('',)

ozone2002 ( Date: 17-Mar-2010 16:11) Posted:

from 0.05 to 0.9... 1800% increase!!!

if u invested $100k @ 5c...ur net worth now $1.8 million

retire shake leg..relac on osim chair..

let S.H.E massage ur ass.. haha

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17-Mar-2010 16:11

Osim Intl / OSIM

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from 0.05 to 0.9... 1800% increase!!!

if u invested $100k @ 5c...ur net worth now $1.8 million

retire shake leg..relac on osim chair..

let S.H.E massage ur ass.. haha

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17-Mar-2010 15:12

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Don't be fooled by the rally..

Be disciplined and emotionless..

ozone2002 ( Date: 15-Mar-2010 08:57) Posted:

Strategy for this week..

sell into strength..

Don't really like the volumes for STI.. kinda low for my liking..

will pare down some holdings..

anyway STI kinda overbought @ the moment.. so will wait for a correction then enter..

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17-Mar-2010 14:02

SGX / SGX

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$8 sold.. :)

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17-Mar-2010 13:39

SGX / SGX

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its coming...now 7.98

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17-Mar-2010 11:49

SGX / SGX

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7.97..so close..............

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17-Mar-2010 11:23

Parkway / Parkway

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if u accumulated when the share price dipped last week..

u'll be in good stead..

no matter what u'll buy cheaper than the Fortis fella..

ozone2002 ( Date: 12-Mar-2010 11:53) Posted:

Well fortis has the same frequency of thought as me..

paying a premium of $3.55/share for parkway..

this one is definitely a buy..

DYODD

ozone2002 ( Date: 29-Dec-2009 09:19) Posted:

this one is a gem..

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17-Mar-2010 11:11

Citic Envirotech / ALERT: UtdEnvirotech.

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utd always play backside..

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17-Mar-2010 11:08

SGX / SGX

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7.95... 5 more cents to my target

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17-Mar-2010 09:25

SGX / SGX

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Q-ed at $8 to sell..

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17-Mar-2010 09:17

CWT / CWT ONE FOR ONE BONUS

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1.08... lookin mighty fine..

dyodd

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16-Mar-2010 21:05

ShareJunction / VIKING offshore

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This bodes well for viking shareholders..anyway Andy Lim is married to 2nd finance minister..

Eyeing a listing on the mainboard

Viking Offshore & Marine has taken its first steps to being an integrated M&E offshore player, writes CHEN HUIFEN

Growing the business: Chairman Andy Lim (left) with CEO Ong Choo Guan. Mr Lim says he wants to use Viking as a platform to consolidate all the smaller businesses

'The real value add is, if I'm able to integrate it with fire safety, explosion-proof, accommodation building, instrumentation (businesses), then we will be a very major player . . . because the industry is still very fragmented,' he said.

A HVAC (heating, ventilation, air-conditioning) and refrigeration solutions provider for the marine industry, Viking Offshore & Marine came about following the acquisition of Viking Airtech Pte Ltd by investment company Novena Holdings in January this year. Mr Lim, who took over a major shareholding of Novena Holdings last year, was looking for a core business to inject into the firm until he found Viking Airtech.

'It had no debt, $6-8 million of free cashflow, an order book of $35 million, good management, what else can I ask for?' he said. 'And the PE (price-earnings ratio) of five is reasonable. So we consummated the deal within eight weeks.'

Mr Lim explained that the hunt for a core business did not take long because he knew what he wanted. Having been an adviser to KS Energy previously, he saw that the HVAC&R segment was highly fragmented with plenty of SMEs.

'And I wanted to use Viking as a platform to consolidate all the smaller businesses,' said Mr Lim.

Novena Holdings spent $44 million - $20 million in cash and the rest in shares - to buy all of Viking Airtech. On its own, Viking Airtech is already a leading contractor for five major shipyards in Singapore, including those of Keppel Offshore & Marine, SembMarine, Drydocks World and Otto Marine. Having been around for over 15 years, the company has grown from a mere a distributor to having its own brand of HVAC&R systems.

For FY2009, Viking Airtech posted net profit after tax of $7.95 million, on a revenue of $37 million. Apart from an order book that runs into 2011, the company has also identified $100 million worth of projects to target over the next two years.

Following the completion of the acquisition, Novena Holdings was rebranded as Viking Offshore & Marine (VOM), a name more reflective of its core business. About 60 per cent of its core business comes from rig-builders, while the remaining is derived from ship owners.

In the ships market, revenue from the past few years largely came from the installation of HVAC&R solutions on new vessels, which account for about 80 per cent of the segment. But with the shipbuilding industry still in its doldrums, Viking Airtech has since turned its attention to refurbishing existing ships.

Noting that many old ships do not have a redundancy system in their HVAC installation, Mr Lim said Viking Airtech could replace them, so that when the main system breaks down, a back up would continue to serve the crew for the rest of the journey.

'These are all about hygiene factors,' explained Mr Lim. 'To attract crew to work on ships for 120-160 days, this is a basic expectation. Even the engine rooms nowadays are air conditioned.'

Apart from that, VOM is also eyeing Malaysia, Vietnam, India and Brazil as its new markets. The company already has experience in the Indonesia and China markets. In China, it has a representative office in Shanghai and operates a factory in Yantai that manufactures the Viking Airtech brand of equipment.

On plans to acquire new businesses in fire safety and explosion-proof HVAC services, instrumentation, and accommodation building, Mr Lim said they would be synergistic to VOM's core. Price negotiations are underway with several targets. And when the entire chain is complete, VOM will be able to offer what Mr Lim metaphorically refers to as 'yi tiao long' (one single dragon), or a chain of integrated services. This way, rig-builders, ship repairers or ship owners only have to deal with one provider.

'Typically, when you lay the air con (cables), you should lay the fire safety too,' said Mr Lim. 'But currently, because you have two different contractors, you do your part, I do my part. If the contractor is the same, then we can do it together. That's why I see the synergy.'

When the acquisition of those targets complete, Mr Lim reckoned that the amalgamated earnings would definitely qualify VOM for the mainboard.

Even before that, management is already beginning to reap the fruits of the acquisition. Major shareholder Mr Lim, who now owns 24.02 per cent of VOM, has since injected his knowledge on corporatisation, expertise drawn from his role as chairman of private equity investment firm Tembusu Partners. A key step was the recent appointment of former IBM Singapore CFO Low Jooi Kok as its CFO, a role it never had.

'We are beginning to see the benefits from the oversight by the corporate management, which provides strategic directions and sound financial advice,' said CEO Ong Choo Guan, previously executive director of Viking Airtech.

Even as it focuses on the offshore and marine sector, VOM intends to hold on to stakes in FMCG distributor Chuan Seng Leong Pte Ltd and beauty products retailer Shine@Spring Pte Ltd, as well as a variety of listed firms ranging from Asia Water Technology and United Envirotech to Tung Lok Restaurants, Old Chang Kee, and TT International. Shareholding in these listed firms, ranging from 2.95 per cent to 14.29 per cent, amount to a total value of about $30 million. Most of them were inherited from Novena Holdings.

'We have no intention to divest,' said Mr Lim. 'However, if someone gives us a price we cannot refuse, then we'll sell.'

JUST months after making its way to the Catalist board, Viking Offshore and Marine Ltd already has big plans to ascend to the mainboard over the next two years. According to its chairman Andy Lim, the entry to Catalist is merely a first step to building an integrated M&E offshore player.

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16-Mar-2010 18:21

CWT / CWT ONE FOR ONE BONUS

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today 6% gain.. wonderful..

every time this baby falls..accumulate..

damn gd stock..

dyodd

ozone2002 ( Date: 04-Feb-2010 11:08) Posted:

$1 is within reach..hope it can touch today..

anyone in this as well?

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15-Mar-2010 23:07

Straits Times Index / STI to cross 3000 boosted by long-term investors

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families bringing the kids to RWS universal

hence genting make $$$$$ ...so buy genting.. :)

risktaker ( Date: 15-Mar-2010 21:59) Posted:

school holiday what do u expect?

ozone2002 ( Date: 15-Mar-2010 08:57) Posted:

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15-Mar-2010 09:30

SGX / SGX

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7.91!!.. huat ah!..

will sell when it surpass $8..

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