Home THE DAILY EDGE Business Jan 21: China Fishery Group, City Developments, Genting, K-REIT
Jan 21: China Fishery Group, City Developments, Genting, K-REIT

Tags: China Fishery Group | City Developments | Genting Singapore Plc | K-Reit Asia | Keppel Tele & Tran | Swiber Holdings

Written by The Edge   
Thursday, 21 January 2010 08:36
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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 dropped 0.7% to 2,893.13.

The Dow suffered its worst drop of 2010 on Wednesday as US stocks succumbed to fears that China’s curbs on bank lending may  jeopardise the global economic recovery while IBM’s outlook sparked caution about technology sector.

China Fishery Group (CFG SP): The fishing fleet operator said its planning a secondary listing in Norway. China Fishery sank 3.6% to $1.86.

City Developments (CIT SP), Singapore’s second-biggest property developer, hired DBS Group Holdings and HSBC Holdings Plc to help it sell as much as $100 million of three-year bonds, according to a person with direct knowledge of the matter. City Developments lost 0.2% to $11.40.

Genting Singapore Plc.
(GENS SP): The unit of Asia’s largest publicly traded gambling operator may get the operating license for its casino in the city-state by the end of February or in March, a government agency said. Four hotels and 10 restaurants at its $6.3 billion Resorts World Sentosa started accepting guests yesterday. The company has said it is ready to operate the casino once the license is issued. Genting slipped 1.6% to $1.26.

Keppel Telecommunications & Transportation (KPTT SP): The provider of logistics and telecommunications support services said its full-year 2009 net income fell to $44.6 million from $52 million a year ago. Keppel T&T dipped 0.7% to $1.46.

K-REIT Asia (KREIT SP): The office landlord partly owned by Keppel Land (KPLD SP) said distributable income in the four-quarter climbed 12% to $19.4 million ($13.9 million). K-REIT Asia gained 1.7% to $1.20.

Swiber Holdings (SWIB SP): The provider of offshore logistics services to the oil and gas industry said it won a US$188.8 million ($264 million) contract from an unidentified customer. Swiber dropped 2.5% to $1.15.

Passenger traffic at Singapore’s Changi Airport, Asia’s fifth-biggest, hit a monthly record of 3.83 million in December, a rise of 9.7%, pointing to a sustained recovery in air travel.

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Last Updated on Thursday, 21 January 2010 08:38