Singapore’s Straits Times Index gained 0.4% to 3,138.51 at the close, the highest since July 8. Two stocks rose for each that fell in the gauge of 30 companies.
Shares on the measure trade at an average 14.5 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Shares on the measure trade at an average 14.5 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Keppel Land (KPLD SP), the real estate unit of Keppel Corp. (KEP SP), rose 1.4% to $3.68, erasing losses of as much as 1.7%. UBS AG reiterated its “buy” rating on the stock, saying earnings in the second half will rebound as it starts booking profits from completed residential projects in China, Vietnam and Indonesia. The company said yesterday second-quarter net income dropped to $50.5 million from $143.8 million a year earlier.
Pacific Shipping Trust (PST SP), a provider of financing to the shipping industry, gained 1.4% to 37 cents. The company said second-quarter net income rose 2% from a year earlier to US$6.8 million ($8.2 million).
Total Access Communication Pcl (DTAC SP), Thailand’s second-biggest mobile-phone company, increased 2% to US$2.06. The company will start offering high-speed mobile- phone services by mid-August, Chief Executive Officer Eddy Abdullah said today. Separately, it said second-quarter net income rose 24% to 3.03 billion baht ($122.6 million) from a year earlier.
No comments:
Post a Comment