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 was little changed at 2,813.27
US stocks fell last night as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.
Singapore-listed Hong Kong commodities firm Noble Group (NOBG.SI) yesterday moved to address shareholder concerns about succession by elevating Chief Operating Officer Ricardo Leiman to CEO. Founder and current CEO Richard Elman will become executive chairman.
Logisitics and freight forwarding firm CWT (CWTD.SI) said it is in advanced confidential discussions in relation to a proposed sale and leaseback of logistics facilities in Singapore in connection with the potential establishment of a real estate investment.
Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, dropped 2.8% in London yesterday, taking losses in the past nine days to 18%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, was unchanged at $1.07. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, was unchanged at 29.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, dropped 0.6% to $14.08.
Palm oil suppliers: Crude palm oil for February delivery gained 1.6% in Kuala Lumpur yesterday. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, added 1% to 50 cents. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, fell 2.3% to $2.10. Wilmar International (WIL SP), the world’s biggest palm oil trader, advanced 1.1% to $6.42.
C&G Industrial Holdings (CNGI SP): The maker and distributor of textiles in China said it will issue 505 million new shares priced at 24 cents per share. The company’s proposed acquisition of Cugu Environmental Protection International was approved by Singapore Exchange yesterday. The stock surged 10% to 26.5 cents.
CapitaLand (CAPL SP): Southeast Asia’s biggest property developer said its indirect subsidiary bought Ningbo Jiangbei Kaide Property Service Co., a Chinese property management company. The stock lost 0.7% to $4.15.
Macquarie International Infrastructure Fund (MIIF SP): The company jointly owned by Macquarie Group and Abu Dhabi Investment Co. said it sold its remaining 1.8% interest in Macquarie European Infrastructure Fund (3431609Z SP) for a total of $50.4 million. The stock slid 1.2% to 43 cents.
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier was boosted to “buy” from “neutral” by Goldman Sachs Group Inc. analyst Thomas Kim. The stock fell 0.7% to $1.52.
Singapore Technologies Engineering (STE SP): Asia’s biggest aircraft maintenance company was raised to “equal-weight” from “underweight” by Morgan Stanley analyst Conrad Werner. The stock retreated 1.3% to $3.14.
Sky China Petroleum Services (SKYP SP): The provider of oilfield drilling services said its proposed acquisition of Wenling Xinghai Ocean Shipping Co. was approved by Singapore Exchange. The stock fell 5.1% to 18.5 cents.

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