other Co's results

HPHT: 3Q11 results generally in line with expectations. Rev for 3Q was HK$3.2b + with net profit of HK$708.4m. Container throughput in HIT rose 1.4% yoy and throughput in Yantian fell 4.9% yoy. For the quarter, rev was 10% below IPO Forecast with net profit 3.4% below IPO Forecast but co maintains DPU guidance.

Distribution to be declared semi-annually, no distribution for this period.

Deutsche maintains Buy with TP US$0.80 on better throughput results compared to other HK and Shenzhen port assets showing quality of assets. Cites 1-2% increase in rev per TEU in 2011 and cost savings from RMB-denominated contracts to drive financial results.

HSBC maintains Neutral with TP US$0.77 down from prev US$0.81. Notes that mgmt has said risk of slowdown is higher than in 2012 though seeing growth in transshipment and Intra-Asia trade and revises volume growth forecasts down from 4% to 1% in 2011e and from 7% to 4% in 2012e. Cuts 2012-13e earnings on volume revision by 6-9%

Brief outlook, on other Co's results below. Asia Water Tech: 3Q11 Net Profit of Rmb13.35m vs a net loss of Rmb778,000 yoy. Rev +4.2% at RMB 84.29m due to contributions from its newly acquired business segment, Waste-to-Power segment and increase in revenue from Power Plant EPC, Water Purification Treatment and Wastewater Treatment segments.

#AusGroup: 1Q12 Net Profit +56.4% yoy to AU$3.15m, Rev -10.2% to AU$123.83m, due to lower activity levels in the Australian major projects segment as a result of completion of projects in the prior yr.

#Pan Hong Property: 2Q12 NP -70.3% yoy to Rmb 6.79m on higher admin costs and income tax expense. Rev -0.9% to Rmb 114.23m.

#Bukit Sembawang: 2Q12 Net Profit +11.9% yoy to $41.16m due to higher profit recognition on more development projects.

#China Dairy: 3Q11 Net Profit of Rmb 1.87m vs losses of Rmb 47.9m yoy. Rev +12.4% to RMB 482.24m attributed to a rise in sales of materials, finished goods, liquid milk and milk powder.

#Combine Will: 3Q11 Net Profit -45.02% yoy to HK$10.01m, Rev +17.58% to HK$412.92m, due to the rise in marketing efforts in machine sales which surged by 152.4%.

#Friven & Co: 3Q11 net loss of $1.46m vs $1.4m yoy. Rev -72% to $5m from S$17.64m.

#LionGold: 2Q12 net loss of $6.37m vs losses of $1.87m yoy. Rev -5.7% to S$40.23m, due to the discontinuation of rev recognition from the waste treatment plant after it was disposed in Mar11.

#Metro Holdings: 2Q12 net loss of $379,000 vs $51.91m profit yoy, due to a $9.9m decline in the fair value of the group's portfolio of short term investments while the previous corresponding 2QFY2011 had included an increased in fair value of the group's portfolio of short term investments of $4m.

#SinoPipe: 3Q11 Net Profit, +8.1% yoy to Rmb 22.06m, Rev +14.4% to Rmb 267.28m, due to higher revenue generated from plastic pipe segment.

#Sino Construction: 3Q11 Net Profit -84.7% yoy to Rmb3.65m, Rev +38% to Rmb 289.3m.

#Sunvic Chemical: 3Q11 Net Profit -41.1% yoy to Rmb 113.78m. Rev -18.5% to Rmb 799.41m, due to a decrease in revenue from acrylic acid and acrylate esters as well as other chemical products.

#Tai Sin Electric: 1Q12 Net Profit increased to $3.59m from $2.45m a yoy. Rev increased to $65.76m from $56.89m, due to higher rev arising from cable and wire segment.

#TT Intl Ltd: 2Q12 net loss of S$3.98m vs a net loss of S$1.24m yoy. Rev -9.2% at $98.23m due to continued working capital constraint and challenging market conditions.