Monday, November 19, 2012

Nov 19: Wilmar, Keppel, SGX, Religare, Geo Energy

Singapore shares closed flat on Friday with the benchmark Straits Times Index edging down 0.29 points to close at 2,945.63. Here are some stocks and factors to watch:

Palm oil giant Wilmar and US agricultural company Archer Daniels Midland Co (ADM) said they completed regulatory approvals for a partnership in the global fertilizer and European vegetable oil sectors.

Keppel Corp, the world's largest oil rig builder, reported third-quarter net profit of $346 million, 15% lower than the $406.1 million it made a year earlier, mainly due to lower-margin projects.

Singapore Exchange, Asia's second-largest bourse operator by market capitalisation, reported a 15% drop in quarterly net profit as stock market volumes fell due to global economic uncertainties.

Units of Religare Health Trust, which will own hospital-related assets managed by Indian hospital group Fortis , will begin trading on the Singapore Exchange at 2pm.

Shares of Indonesian coal miner Geo Energy will start trading on the Singapore Exchange at 9am. Geo Energy sold 289.3 million shares at $0.325 each and its initial public offering was around 2.9 times subscribed, the company said.


 

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