Home THE DAILY EDGE Business STI rises 0.4% to 2,703.21 at the trading break
STI rises 0.4% to 2,703.21 at the trading break

Tags: Longcheer Holdings | Singapore Telecommunications | Singtel | Texchem Resources Bhd. | Texchem-Pack Holdings (S)

Written by Bloomberg   
Tuesday, 09 February 2010 13:14
smaller text tool iconmedium text tool iconlarger text tool icon

Stocks on the measure trade at 14.4 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. The following shares were among the most active in the market.

Longcheer Holdings
(LHL SP) jumped 5% to 52.5 cents. The designer of mobile phones in China said second-quarter net profit attributable to shareholders was 39.1 million yuan ($8.1 million), compared with 28.4 million yuan the year before.

Singapore Telecommunications (ST SP) added 2% to $3.01. Southeast Asia’s largest phone company reported third-quarter net income of $990.7 million. SingTel was projected to post profit of $948 million in the three months ended Dec. 31, according to the median of three analyst estimates compiled by Bloomberg. The company also said its mobile customer base in the region expanded 23% last year, spurred by growth in India.

Texchem-Pack Holdings Singapore
(TEX SP) surged 37% to 13 cents, the highest since May last year. Texchem Resources Bhd. said it offered to buy the rest of its Texchem-Pack Holdings unit that it doesn’t already own for $5.5 million, or at $0.135 a share under an “exit offer.” Texchem, which owns 70.5% of Texchem-Pack, plans to delist the Singapore company after the proposed buyout. Texchem- Pack shares were placed under a trading halt yesterday.

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 Tuesday, 09 February 2010 13:15