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 gained 0.2% to 3,193.54.
Biosensors International Group (BIG SP): The maker of drug-coated stents used to treat blocked arteries said first-net income increased to US$22.6 million ($27.2 million) from US$3.2 million a year earlier. Biosensors lost 0.4% to $1.335.
DBS Group Holdings (DBS SP): Southeast Asia’s biggest lender, said second-quarter net income was $735 million, compared with a net loss of $300 million a year earlier. The bank was expected to post a net income of $750 million, according to the average of six analyst estimates compiled by Bloomberg. DBS increased 1.5% to $15.32.
Genting Singapore Plc (GENS SP): The operator of one of two casino resorts in Singapore had its rating upgraded to “buy” from “hold” at Citigroup Inc., saying the worst may be over for the company and earnings will improve from the second quarter onwards. Genting climbed 6.1% to $1.92.
Mapletree Industrial Trust (MINT SP): The industrial landlord partly owned by Temasek Holdings Pte said it sold 48.5 million placement shares at $1.09 each and 117 million preference shares at $1.06 each, raising about $177 million. The stock gained 0.9% to $1.15.
Singapore Airlines (SIA SP): The world’s second- biggest carrier by market value will release its first-quarter results today. The shares added 0.3% to $14.77.
Singapore Post (SPOST SP): The operator of the city’s post offices said first-quarter profit fell 3.5% from a year earlier to $39.2 million. Singapore Post was unchanged at $1.10.
SMRT Corp. (MRT SP): Singapore’s biggest commuter train operator said first-quarter net income fell 8.9% from a year earlier to $34.8 million. SMRT added 0.3% to $1.88.
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