Tuesday, July 5, 2011

Jul 5: CEI, Keppel Land, Kim Eng, Tat Hong

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 for a fifth day, climbing 0.5% to 3,153.44 yesterday.

CEI Contract Manufacturing
(CEI SP): The maker of circuit boards named Sia Chee Hoe as chief financial officer. The shares dropped 7.7% to 12 cents.

Keppel Land (KPLD SP): The real-estate unit of Keppel Corp. (KEP SP) was initiated with a “buy” rating in new coverage by analysts at BNP Paribas Securities Asia on speculation that office rents will increase. The shares rose 3.5% to $3.80.

Kim Eng Holdings (KEH SP) said its shares will be suspended from trading on the Singapore stock exchange from July 5. The securities broker has been taken over by Malayan Banking Bhd., which controls 91.17% of its shares after an offer closed yesterday, it said.

Tat Hong Holdings (TAT SP): The supplier of cranes said it named Lional Tseng as chief financial officer to replace Wong Hein Jee, who resigned. The shares were unchanged yesterday at 78.5 cents.


 

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