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TREK 2000 shares soar 37% in a week

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TREK 2000, the inventor of a revolutionary card to be incorporated into new Japanese digital cameras soon, sprang to life today with 21.4 million shares changing hands, compared to 3.6 million yesterday.

The stock price shot up 5.5 cents, or 15.7%, to 40.5 cents, a long way up from 29.5 cents at the start of this month. Last month, its shareholder, Toshiba Corp, siginificantly upped its stake in Trek.

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BIOSENSORS INTERNATIONAL, TDR PLAYS: What analysts say now...

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THE VOLUNE of shares traded today (Sept 7) in Biosensors was a whopping 12 m, compared to 3.4 m the day before. Nomura Singapore says that Microport Scientific, the leader in the Chinese drug-eluting stent market, is headed for an IPO this month, which could lead to a re-rating of Biosensors. Meanwhile, CIMB, highlighted TDR plays China Taisan, United Envirotech and Hu An Cable (left). Read more...

 
MING FUNG Jewelry Sees Hengdeli Tieup As Golden Opportunity

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MING FUNG JEWELRY (HK: 860) sees its new deal with high-end watch retailer Hengdeli Holdings (HK: 3389) as a glittering example of its aggressive PRC expansion strategy.

Hengdeli, with 252 PRC stores, is the ideal candidate to help Ming Fung – a wholesaler and distributor of diamonds, platinum, gems and gold products – further penetrate the mainland market.

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BROADWAY, TIGER AIRWAYS: What analysts say now....

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CIMB is maintaining its target price for Broadway Industrial at S$1.86, expecting stock catalysts from: 1) further expansion of its non-HDD component sales; and 2) upside surprises in dividend.

Meanwhile, the Royal Bank of Scotland downgraded Tiger Airways to a 'sell'  after the airline cancelled a high percentage of its flights recently on pilot shortage.

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CHINA SHARES: Financials, Wall Street lift Index 1.5%
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CHINA'S A SHARES jumped on cues from Wall Street, financial counters and steel stocks, closing up 1.54% at 2,696.25.

Meanwhile, Hong Kong’s Hang Seng benchmark index added 1.83% to finish trading today at 21,355.77.

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ASL MARINE: Best-equipped yard for ship repair in Indonesia, more jobs expected

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ASL MARINE, listed in Singapore and having its main operations in Batam, has just achieved the distinction of owning the largest drydock in Indonesia.

Over a dozen analysts visited the yard last Friday with ASL chairman Ang Kok Tian (left). This morning, OCBC analyst Low Pei Han, in a report, said that ASL is currently trading at an attractive level at 6.8x core FY11F earnings and 0.86x P/B. She maintains her buy rating with a fair value estimate of S$1.04. Read more...

 
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