The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.1% to 3,054.82.
Lian Beng Group (LBG SP): The Singapore-based construction company said it won a contract, valued at $128.8 million, to build a residential apartment in Bedok in the eastern part of the city. The stocks slipped 1.4% to 34.5 cents.
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container-shipping line by market value said it has signed letters of intent for 12 new container ships to be built in South Korea. It has also upgraded an earlier order. The total value of the orders is US$1.54 billion ($1.9 billion). Its shares slumped 5% to $1.53.
Pertama Holdings (PERT SP): The Singapore-based retailer of electronics and home appliances will be taken private by parent Harvey Norman Holdings, the Australian company said. Harvey Norman is offering 65 cents a share for the rest of Pertama it doesn’t own. Australia’s biggest retailer of electronics by sales holds about 78% stake in Pertama, according to Bloomberg data. Pertama fell 2.5% to 57.5 cents when it last traded on June 10.
Singapore Airlines (SIA SP): The world’s second- largest carrier by market value said passenger load factor fell to 73.6% in May from 74.8% a year earlier. Singapore Air lost 0.1% to $14.
Z-Obee Holdings (ZBEE SP): The maker of mobile handsets said it signed an agreement to supply multimedia handheld devices for use on airplanes to Shenzhen Jing Ying Electronic Technology Separately, the company said it’s in preliminary talks to buy a stake in Jing Ying or its holding company. Z-Obee declined 3.5% to 28 cents.
