CNA

CNA: ($0.135) Beneficiary of rising use of SMART technology Amongst the technology game changers in 2014, market watchers highlight that SMART technologies are slated for intensive test-bedding in the year ahead as consumer-centric green building technologies become more mainstream in Singapore. SMART systems provide energy management solutions, and enable efficient energy usage in buildings, thereby alleviating the demand pressure on the electrical grid during peak periods. SGX-listed CNA Group may be a beneficiary of the rising proliferation of SMART technologies. CNA is the exclusive Asia Pacific partner of American Auto-Matrix (AAM), a global solution integrator for SMART technologies and one of the pioneer designer, developer and manufacturer of SMART building solutions. In 2012, CNA installed AAM's SMART system into Singapore's National Heart Centre. The building subsequently achieved the Green Mark Platinum award from BCA, and is estimated to have reduced its energy consumption by 30%, translating to annual savings of ~$1.3m, on top of a drop in carbon emission by 3,000 tonnes a year. At current price of $0.135, CNA trades at 0.8x P/B.