The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index climbed 0.1% to 3,212.46 yesterday.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, slipped 1.1% in New York yesterday. Noble Group (NOBL SP), a Hong Kong-based commodities supplier, rose 0.5% to $2.17. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, fell 0.3% to $3.19.
Palm-oil producers: Crude palm-oil futures for March delivery advanced 1.5% in Kuala Lumpur yesterday. Global Palm Resources Holdings (GPR SP) gained 1.4% to 36 cents. First Resources (FR SP), an Indonesian palm plantation company, climbed 0.6% to $1.57. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, declined 0.6% to 80 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, dropped 0.7% to $2.81.
Tourism-related Stocks: The Singapore Tourism Board said November’s tourist arrivals climbed 16.1%. City Developments (CIT SP), whose hotel unit has six properties in the island-state, fell 0.5% to $12.72. CapitaLand (CAPL SP), operator of Asia’s biggest serviced- apartment chain, was unchanged at $3.76. Singapore Airlines (SIA SP), the national carrier, slipped 0.3% to $15.54. Also, the airline’s Goh Choon Phong, who takes over as chief executive officer tomorrow, may shed the airline’s 49% stake in Virgin Atlantic as he confronts rising competition in Asia.
Cosco Corp. Singapore (COS SP): The company that’s part of China’s largest shipping group said its unit won more than US$100 million ($129 million) of contracts for four bulk carriers. The shares fell 0.5% to $2.13.
Hotel Properties (HPL SP): The owner of hotels including the Four Seasons resorts in Bali and Maldives said it’s buying 20% of Lead Wealthy Investments for 152 million yuan ($29.6 million). Lead Wealthy holds 73% of a company that owns the 21st Century Tower in Shanghai. Hotel Properties fell 0.4% to $2.83.
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