Home THE DAILY EDGE Business Dec 14: Beyonics, CapitaLand, SIA Engineering
Dec 14: Beyonics, CapitaLand, SIA Engineering

Tags: Beyonics technology | Capitaland | Cosco Corporation (Singapore) | Datapulse Technology | Keppel Corporation | Low Keng Huat (Singapore) | Mercator Lines (Singapore) | Popular Holdings | Samko Timber | SIA Engineering Co. | Silverlake Axis | Swiber Holdings | Van Der Horst Energy

Written by The Edge   
Monday, 14 December 2009 08:55
smaller text tool iconmedium text tool iconlarger text tool icon

The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from last Friday’s close. Singapore’s Straits Times Index rose 0.7% to 2,800.75.

The Dow and S&P 500 closed up for a third straight session last Friday after several solid consumer-related reports reinforced investors' confidence in a steady economic recovery.

Keppel FELS (KPLM.SI), a subsidiary of Keppel Offshore & Marine, said last Saturday it is on track to deliver the sixth of seven semisubmersible drilling rig tenders to Seadrill before the end of 2009 and within budget, which will cap a record year of 13 rig deliveries for Keppel FELS.

Swiber Holdings (SWIB SP): The provider of offshore support services to the oil and gas industry said it won two contracts worth as much as US$81.9 million ($114 million) from major oil companies in Southeast Asia. The stock added 0.6% to 91 cents.

Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 2.5% in London on Dec 11, taking losses in the past five days to 12.9%.
Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, was unchanged at $1.08. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, was unchanged at 30.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, rose 0.7% to $13.80.

Beyonics Technology (BT SP): The Singapore-based electronics contract manufacturer said first-quarter profit tumbled 64% from a year ago to $2.04 million. Beyonics slipped 2.6% to 19 cents.

CapitaLand (CAPL SP): Southeast Asia’s biggest property developer said it aims to grow its China business to $10 billion of its portfolio in the next three to five years from $6.7 billion as of Sept 30. The stock was unchanged at $4.19.

Datapulse Technology (DT SP): The media storage products maker said first-quarter net income fell 32% to $3.9 million from a year ago as sales dropped by 30%. The stock climbed 4.2% to 25 cents.

Low Keng Huat (Singapore) (LKH SP): General Corp. (GCB MK), a Malaysian property group, said its Low Keng Huat (Singapore) unit agreed to form a joint venture to develop apartments, offices and a hotel in Front Beach, Vung Tau City, Vietnam. The joint venture’s investment capital is US$48 million ($67 million), the Malaysian company said in a statement in Kuala Lumpur. Low Keng gained 1.5% to 34 cents.

Popular Holdings (POP SP): The bookstore operator said it plans to sell 194 million shares at 13 cents to existing shareholders. Separately, the company said first-half net income rose 50% from a year ago to $14.8 million. Popular gained 2.8% to 18.5 cents.

SIA Engineering Co. (SIE SP): The aircraft maintenance unit of Singapore Airlines (SIA SP) said it will restore pay-cuts and discontinue its no-pay leave policy from Jan 1. The stock was unchanged at $3.15.

Silverlake Axis (SILV SP): The provider of technology solutions to the banking industry said it bought the remaining 75% stake in SBI Card Processing Co. from SBI Holdings Inc. (8473 JT) for 454.2 million yen ($7.1 million). Silverlake shares were unchanged at 28.5 cents.

Samko Timber (SAMKO SP): The processed timber products maker said it plans to raise $29.2 million, selling shares to existing shareholders. The stock last traded at 9 cents.

Van der Horst Energy (VDHE SP): The biodiesel company said it has acquired an additional 10 million shares of Novena Holdings (NOV SP), raising its stake to 11.9%. Van der Horst rose 2.4% to 21 cents. Novena was unchanged at 22 cents.

Quote this article on your site

To create link towards this article on your website,
copy and paste the text below in your page.




Preview :


Last Updated on Monday, 14 December 2009 09:40