Thursday, April 28, 2011

Apr 28: Creative Tech, NeraTel, QAF, SATS

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 gained 0.3% to 3,182.68.

Ascendas India Trust (AIT SP): The operator of business parks in India said full-year distribution fell 13% to 6.58 cents a share from a year ago. The stock slid 0.5% to 96 cents.

Creative Technology (CREAF SP): The consumer electronics maker whose music players compete with Apple Inc.’s iPod said it had a third-quarter net loss of US$13 million ($16 million), compared with a loss of US$20.8 million a year ago. Its shares lost 0.3% to $3.54.

Guthrie GTS (GUTH SP): The real estate and engineering company said its venture won the bidding for a commercial property in the eastern part of Singapore. The group will pay the government $585.6 million for the site, which will include offices and shops when completed by 2018, it said. Guthrie GTS was unchanged at 50.5 cents.

Nera Telecommunications
(NERT SP): The supplier of wireless equipment to the telecommunications industry said first-quarter net income fell 6.8% to $2.3 million from a year earlier. The stock was unchanged at 37.5 cents.

QAF (QAF SP): The Singapore-based baker said first- quarter net income increased to $28.2 million from $14.5 million a year ago. QAF was unchanged at 65 cents.

Raffles Medical Group (RFMD SP): The hospital operator said first-quarter net income increased 16% to $10.5 million from a year ago. The stock was unchanged at $2.21.

SATS (SATS SP): The ground-handling services provider partly owned by Temasek Holdings Pte said it completed the acquisition of a 40% stake in Saudi Arabia’s Adel Abuljadayel Flight Catering Co. for $18.5 million. SATS was unchanged at $2.52.


 

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