The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index rose 0.5% to 2,813.93.
US stocks finished flat to slightly higher last night after the Federal Reserves reiterated its intention to keep interest rates low for the fireseeable future to ensure sustainable economic recovery.
Indian telecom Bharti Airtel (BRTI.BO), 30.4% owned by Singapore Telecommunications (STEL.SI), plans to buy Bangladesh's Warid Telecom for a reported US$900 million ($1.26 billion) from Abu Dhabi Group, indicating a shift in focus to smaller targets after its planned US$24 billion merger with South Africa's MTN (MTNJ.J) failed
DBS Group Holdings (DBS SP): Southeast Asia’s biggest lender will do a lot of hiring next year and demand for personnel is beginning to pick up, Chief Executive Officer Piyush Gupta said at an industry event yesterday. The stock gained 1% to $14.90.
Chartered Semiconductor Manufacturing (CSM SP): The world’s third-biggest maker of customised chips said it has begun the next phase of expansion, equipment move-in and installation for its “Fab 7” plant. The stock was unchanged at $2.66.
Singapore Airlines (SIA SP): The world’s second-biggest carrier by market value, said it plans to add flights to the US and south Asia amid a revival in travel demand. Singapore-to-Newark will return to a daily service from the current five-times-a-week, and extra Mumbai and New Delhi flights will be added, the company said. The stock gained 3.5% to $14.24.
Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 1.3% in London yesterday, taking losses in the past eight days to 15%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, rose 1.9% to $1.07. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, dropped 3.3% to 29.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, added 1.6% to $14.16.
Palm oil suppliers: Crude palm oil for February delivery gained 2.2% in Kuala Lumpur yesterday. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, added 2.1% to 49.5 cents. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, jumped 6.4% to $2.15. Wilmar International (WIL SP), the world’s biggest palm oil trader, advanced 0.2% to $6.35.
SembCorp Marine (SMM SP): The owner of the world’s second-biggest builder of oil rigs said its subsidiary has acquired Borealis, a strategic enabler, from Nordic Heavy Lift ASA (NHLI NO). SembCorp climbed 1.7% to $3.70.
C&G Industrial Holdings (CNGI SP): The maker and distributor of textiles in China requested a trading halt after the market’s close, pending an announcement. The stock slid 2% to 24 cents.
Seroja Investments (SER SP): The charter services provider said it will carry out an international dry-bulk shipping venture with Louis Dreyfus Armateurs SAS (985491Z FP) through Seroja’s subsidiaries. Seroja was unchanged at 73 cents.

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