Analyz - 18th Jan 2006

Market was pretty quiet today with fewer than usual trades. Yesterday's drop could have been an issue, especially with weak earnings announcement from Intel and Yahoo! Inc. and the investigations in Japan's Livedoor will also affect trading. Moreover there are concerns of the rising oil prices once again as well as the rising interest rates.

As for today, the companies worth watching are:
1) FerroChina - The company announced its purchase of approx. 35.45% of Superb Team Ltd., a holding company that wholly owns Changshu Everbright Material Tech. Ltd. The company's share price has risen from its low early this year. However the price have not really reached above its IPO offering price of 0.50 which should serve as a benchmark. With China plays increasingly in focus, there should be further upside to this stock.

2) Inter-Roller - The company won 2 more contracts, one in Malaysia for DHL and another in Manchester, UK for the airport baggage handling system. With the deals worth up to S$ 4.5 million, it could be expected to drive up the profitability of the company. Furthermore the contract with DHL is its 3rd so far in Asia, and there could be more from DHL in the future.