The following companies may have unusual price changes in Singapore trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close.
Singapore’s Straits Times Index fell 0.2% to 3,179.86 on April 29. The market was closed yesterday for a public holiday.
Baker Technology (BTL SP): The supplier of equipment to the oil and gas industry said first-quarter revenue increased 71% to $10.6 million. Baker Technology dropped 2.4% to 41.5 cents.
Longcheer Holdings (LHL SP): The China-based mobile phone designer said it had a third-quarter net loss, compared with a net profit a year ago. The stock was unchanged at 26 cents.
Noble Group (NOBL SP): The Hong Kong-based supplier of commodities increased and Korea Investment Corp. have entered into a strategic agreement to invest in infrastructure assets, Noble said in a statement to the Singapore stock exchange. Noble rose 1.4% to $2.23.
Singapore Exchange (SGX), whose A$8.3 billion ($11.1 billion) takeover bid for ASX was blocked by Australian regulators, is prepared to discuss a merger with other bourses such as Hong Kong, according to President Muthukrishnan Ramaswami. The stock lost 0.4% to $7.80.
Singapore Post (SPOST SP): The operator of the city’s post offices said fourth-quarter net income declined 9.6% from a year earlier to $37 million. The company said it is cautiously optimistic on its outlook and is looking for acquisitions in Singapore and in Asia. The stock gained 0.9% to $1.16.
SMRT Corp. (MRT SP): Singapore’s biggest commuter-train operator said fourth-quarter net income increased 50% to $34 million from a year earlier. SMRT was unchanged at $1.90.
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