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 fell 0.2% to 3,153.30.
DBS Group Holdings (DBS SP): The biggest Southeast Asian biggest bank’s China unit earned 250 million yuan ($47.5 million) of profit last year, Melvin Teo, chief executive officer of DBS China, said at a news conference in Shanghai on April 15. The lender is set to have 50 Chinese outlets by 2013. The stock fell 1% to $14.66.
Osim International (OSIM SP): The maker of massage chairs said it plans to buy a 35% stake in TWG Tea Co. for $31.4 million. Osim climbed 0.6% to $1.64 before its shares were halted for the announcement.
Guocoland (GUOL SP): The real-estate company that counts China as its biggest market said third-quarter net income fell 79% to $2 million from a year earlier. The stock fell 0.8% to $2.42.
Overseas Union Enterprise (OUE SP): The Singapore-based hotel operator said it will buy the Crowne Plaza Changi Airport Hotel for $250 million. OUE will also buy an adjacent block of land for $43 million and build a 200-room Holiday Inn Express. The acquisition will boost the number of hotel rooms it has in Singapore to as much as 2,146 from 1,626 now, OUE said. The stock dropped 0.9% to $3.16 before it was suspended from trading.
Singapore Airlines (SIA SP): The world’s second- biggest carrier by market value said it plans to raise fuel surcharge by between US$4 and US$32 ($4.97-$39.8). It also said it filled 73.2% of seats in March from 80.8% a year earlier. The overall load factor climbed to 67.3% from 72.9% a year earlier. The stock gained 0.4% to $14.08.
No comments:
Post a Comment