Wednesday, April 16, 2014

Apr 16: Keppel Land, Qian Hu

Singapore stocks closed higher on Tuesday after a rally on Wall Street in response to upbeat US economic data. The benchmark ST Index added 31.49 points, or 0.98%, to finish at 3,246.32 on turnover of $1.77 billion.Here are some stocks that could move the market this Wednesday morning:

Keppel Land's net profit for the first quarter ended March 31 slipped 9.2% to $87.7 million, dragged down by lower contributions from associates and jointly controlled entities and the absence of a tax writeback.

Ornamental fish seller Qian Hu said net profit for its first quarter ended March 31, 2014 was up 86% at $115,000 from a year ago. Revenue was up 2.4% at $20.7 million due to continued recovery in dragon fish.

Keppel Telecommunications and Transportation posted a 2.9% increase in net profit to $15.4 million for the first quarter ended March 31, 2014, after the market closed on Tuesday. Revenue was $48.7 million, up 21.6% from the same period a year ago.

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