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 0.9% to 2,701.17.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, fell 2.5% in New York yesterday, its first decline in three days.
Noble Group (NOBL SP), a Hong Kong-based supplier of energy, food and mining commodities, slid 3.1% to $1.405. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, slipped 2.9% to $2.35.
CapitaMalls Asia (CMA SP): The owner of shopping malls in Singapore, Japan, China, India and Malaysia said it and partner Suzhou Industrial Park Jinji Lake Urban Development Co. will jointly develop a shopping mall and two office towers in Suzhou, China. The project, which is equally owned by the two companies, will cost 6.7 billion yuan ($1.3 billion), it said. CapitaMalls Asia declined 2% to $1.205.
China Energy (CEGY SP): The producer of industrial gases said it’s considering an option to buy a stake of between 20% and 49.9% in Jiutai Energy (Inner Mongolia) Co., which owns a coal mine and dimethyl ether manufacturing plant in Mongolia. Separately, the company said it is evaluating options for its loss-making methanol assets. China Energy fell 3.8% to 5.1 cents.
Eucon Holding (EUCON SP): The Singapore-based maker of printed circuit boards said it expects to post a third-quarter loss due to weaker demand from its customers. The stock sank 5% to 1.9 cents when it last traded Sept. 27.
Global Logistic Properties (GLP SP): The owner of warehouses in China and Japan said it refinanced 47 billion yen ($795 million) of debt at a new interest cost of 1.42%, compared with the previous cost of 1.94%. The maturity of the debt has been extended to March 2016 from September 2012, it said. Global Logistic fell 1.2% to $1.64.
TTJ Holdings (TTJ SP): The Singapore-based supplier of structural steel said full-year net income increased to $14.4 million from $6.8 million a year earlier. TTJ advanced 3.7% to 14.2 when it last traded on Sept. 27.
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