Wednesday, April 20, 2011

Apr 20: Chasen, Keppel Land, Straits Asia

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 0.6% to 3,125.37.

Chasen Holdings (CHLD SP): The provider of relocation, packing and warehousing services said it won an engineering project in Malaysia worth $2.13 million. The stock was unchanged at 32 cents.

Keppel Land (KPLD SP): The real-estate unit of Keppel Corp. (KEP SP) said first-quarter profit rose 46% to $92.1 million and revenue more than tripled to $357.9 million. Keppel Land lost 0.2% to $4.36.

Mapletree Logistics Trust (MLT SP): The industrial landlord partly owned by Temasek Holdings Pte said it bought the Iljuk Gyeonggi Centre in South Korea for 22 billion won ($25.2 million). Its shares gained 0.6% to 90.50 cents.

Straits Asia Resources (SAR SP): The owner of coal mines in Indonesia said first-quarter net income rose to US$41.4 million ($51.5 million) from US$11.2 million a year earlier. The stock gained 0.8% to $2.56.

United Overseas Bank (UOB SP): A unit of Singapore’s smaller lender by market value plans to sell three-year bonds in its first sale of Australian dollar-denominated debt. The benchmark-sized sale of senior unsecured notes will be priced by tomorrow, according to an e-mailed statement from Australia & New Zealand Banking Group, which is helping manage the sale. UOB, as the lender is known, fell 0.9% to $19.38.

No comments:

Post a Comment