The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses and share prices are from the previous close. Singapore’s Straits Times Index dropped 1.3% to 3,077.36.
Noble Group (NOBL SP): The Hong Kong-based supplier of commodities said it will receive US$3.2 billion ($3.9 billion) of revolving credit facilities from banks including Citigroup Inc. and DBS Group Holdings Noble declined 2.1% to $1.875.
Portek International (PORT SP): The operator of port facilities in Indonesia, Algeria, Malta and Gabon said it received a takeover offer from Mitsui & Co. The Japanese trading company plans to offer $1.40 per Portek share, it said. That exceeds the $1.20 per share bid by International Container Terminal Services Inc. of the Philippines. Portek rose 1.2% to $1.32 when it last traded on July 11.
Singapore Press Holdings (SPH SP): The city-state’s biggest newspaper publisher said third-quarter net income fell 30% to $114.8 million from a year earlier after it didn’t repeat a gain from the sale of a housing project. The stock slipped 1% to $3.91.
Singapore Technologies Engineering (STE SP): Asia’s biggest aircraft maintenance company said its ST Kinetics unit won a contract to supply buses to SMRT Corp. (MRT SP), operator of commuter trains, public buses and taxis in Singapore. ST Engineering dropped 2% to $2.96. SMRT lost 0.3% to $1.95.
Tiger Airways Holdings (TGR SP): The budget carrier, whose Australian unit’s operations have been suspended by regulators due to safety concerns, said it carried 555,000 passengers in June, 9% more than a year earlier. The company said it’s working with regulators to resolve issues and resume domestic flights in Australia as soon as possible. Tiger Air fell 1.5% to $1.01.
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