Wednesday, October 31, 2012

Oct 31: SIA Engineering, CapitaLand, GLP, Wing Tai, Indofood Agri

Singapore stocks to stay subdued as investors wait for US markets to reopen.

The benchmark Straits Times Index ending the day higher by 9.12 points or 0.3% at 3,038.73. Here are some stocks and factors to watch:

SIA Engineering posted a 5.8% decrease in net profit at $67.1 million for the second quarter ended 30 Sept.

CapitaLand said it has entered into an agreement with four Chinese banks for a credit limit allocation of up to 50 billion yuan ($10 billion) for CapitaLand's China businesses.

Indofood Agri Resources said its net profit registered an increase of 22% to 257.86 billion rupiah ($32.71 million) for the third quarter ended Sept 30, 2012.

Wing Tai Holdings surged 187% in its first quarter ended Sept 30, 2012, aided by a strong performance from its property arm.

Creative Technology
finished its first quarter ended Sept 30 with a net loss of US$4.5 million, narrowing the loss of US$29.6 million made in the same period last year.

Global Logistics Properties has acquired an additional 20% stake in GLP Park Suzhou from its joint venture partner SEALL for 392.3 million yuan (US$61.9 million), raising its stake to 70%.


 

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