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 3,187.72.
CapitaLand (CAPL SP): Southeast Asia’s biggest developer said first-quarter net income increased to $101.5 million from a restated $29.8 million a year earlier. The stock dropped 1.2% to $3.41.
ComfortDelGro Corp. (CD SP): Singapore’s biggest operator of taxis and buses said it will invest $31.2 million in a third driving school in China. Its shares lost 0.7% to $1.54.
Great Eastern Holdings (GE SP): The Singapore insurer controlled by Oversea-Chinese Banking Corp. (OCBC SP) said Tan Hak Leh will resign as Singapore chief executive officer on May 24. Christopher Wei, group chief executive officer, will take on his role. The stock was unchanged at $15.40.
Kreuz Holdings (KRZ SP): The provider of engineering services to the oil and gas industry said it has won contracts worth about US$24.8 million ($30.6 million). The stock was unchanged at 41 cents.
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier said Ng Yat Chung will become chief executive officer on Jan. 1, when Ron Widdows will retire from his post. Ng, 49, who held various senior management positions at state-owned Temasek Holdings Pte, was Singapore’s chief of defense force from 2003 to 2007. The stock was unchanged at $1.92.
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