The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index climbed 1.9% to 3,067.60.
CDL Hospitality Trusts (CDREIT SP): The hotel operator partly owned by City Developments (CIT SP) said it has agreed to buy Studio M Hotel in Singapore at a purchase consideration of $154 million. CDL Hospitality gained 1.6% to $1.97.
Darco Water Technologies (DWT SP): The water-treatment company said it posted a full-year net income of $2.1 million, compared with a net loss of $12.3 million the previous year. The stock was unchanged at 7 cents.
Dyna-Mac Holdings (DMHL SP): The provider of engineering services to the oil and gas industry will start trading today. The company raised $152.6 million, selling 436 million shares at 35 cents each in its initial share sale.
Ezra Holdings (EZRA SP): The provider of logistics services to the oil and gas industry said a unit won a contract, valued at US$41 million ($52.2 million), from Norway’s Statoil ASA. Ezra increased 3.9% to $1.62.
Hong Leong Asia (HLA SP): The maker of refrigerators and diesel engines in China said full-year net income slipped 5% to $120.3 million. Hong Leong jumped 6% to $2.84.
Sakae Holdings (SAKAE SP): The operator of Japanese restaurants said full-year net income dropped 22% to $2.5 million from a year ago. The stock rose 2.3% to 22 cents.
Singapore Telecommunications (ST SP): Southeast Asia’s biggest phone company said its SingTel Group Treasury Pte unit raised US$600 million ($764 million) selling 10.5-year notes with an annual coupon rate of 4.5%. SingTel rose 1% to $3.
Southern Packaging Group (SPAK SP): The China-based manufacturer of packaging products said full-year net income declined 58% to 37.1 million yuan ($7.1 million) from a year ago. The shares were unchanged at 17 cents.
Technics Oil & Gas (TGH SP): The provider of engineering services to the oil and gas industry said its Norr Systems Pte unit won orders worth $22.8 million. The stocks advanced 4.6% to $1.03.
United Engineers (UEM SP): The engineering company and property developer said full-year net income increased 257% to $186 million from the previous year. United Engineers gained 3.4% to $2.43.
United Fiber Systems (UFS SP): The Singapore-based construction company and producer of pulp and woodchips said it had a full-year net loss of US$47.2 million ($60.1 million), compared with a loss of US$55.1 million the previous year. The stock was unchanged at 5 cents.
No comments:
Post a Comment