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 advanced 1.3% to 3,165.80.
Ascott Residence Trust (ART SP): The serviced-apartment operator partly owned by CapitaLand (CAPL SP) said it will distribute 2.14 cents per share of its first-quarter income, compared with 1.66 cents per share a year ago. Ascott gained 0.9% to $1.18.
CapitaLand (CAPL SP): Southeast Asia’s biggest developer said it sold its entire 40% stake its TCC Capital Land to its joint venture partner TCC Land Co., a Thailand-based real-estate company controlled by billionaire Charoen Sirivadhanabhakdi. The stake was sold for 2.34 billion baht ($97 million). CapitaLand climbed 1.2% to $3.41.
CapitaMall Trust (CT SP): Singapore’s biggest retail property trust said first-quarter revenue rose 11% to $154 million. The stock lost 0.5% to $1.86.
Frasers Centrepoint Trust (FCT SP): The shopping mall operator partly owned by Fraser & Neave Ltd. (FNN SP) said second-quarter income for distribution increased 2.1% to $16.3 million. Its shares gained 0.7% to $1.49.
Keppel Corp. (KEP SP): The world’s largest maker of oil platforms said first-quarter net income rose to $346.2 million from a restated $321.3 million a year earlier. The stock increased 1.6% to $12.72.
Straits Asia Resources (SAR SP): The owner of coal mines in Indonesia had its rating raised to “buy” from “neutral” at DMG & Partners Securities Pte. The brokerage boosted its share price target to $3.08 from $2.49. Straits Asia climbed 3.9% to $2.66.
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