Home THE DAILY EDGE Business July 30: DBS Group, Hongkong Land, Keppel Corp.
July 30: DBS Group, Hongkong Land, Keppel Corp.

Tags: Dairy Farm | DBS | DBS Bank | DBS Group | Dbs Group Holdings | Hongkong Land | Hongkong Land Holdings | Keppel Corp. | Keppel Corporation | Mandarin Oriental | Mcl Land | Okp Holdings | SATS | Singapore Airport Trml Svcs

Written by Bloomberg   
Friday, 30 July 2010 08:31
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The following companies may have unusual price changes in Singapore trading today. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.4% to 2,997.65.

Dairy Farm International Holdings (DFI SP): Hong Kong’s second-biggest retailer said first-half profit rose 17% to US$182 million ($248 million) from a year earlier. Dairy Farm gained 1.6% to US$7.52.

DBS Group Holdings (DBS SP): Southeast Asia’s biggest bank reported a surprise net loss of $300 million in the second quarter because of a goodwill impairment charge of $1.02 billion. Analysts had expected a profit of $572.9 million, according to eight estimates compiled by Bloomberg. DBS lost 0.1% to $14.50.

Hongkong Land Holdings (HKL SP): One of the biggest business-district landlords in the Chinese city said underlying profit rose 70% in the first half as two residential projects in Singapore were completed. Profit excluding revaluation losses or gains climbed to US$477 million ($650 million) in the six months to June 30 from US$281 million, it said. Hongkong Land lost 0.4% to US$5.36.

Keppel Corp. (KEP SP): The world’s biggest oil-rig builder said it unit Keppel FELS and Seafox Group formed a joint venture to build and operate a vessel worth US$220 million ($300 million). Keppel Corp. rose 0.7% to $9.26.

Mandarin Oriental International (MAND SP): The operator of luxury hotels from Tokyo to San Francisco said first-half profit fell to US$13.5 million ($18.4 million) from US$74.2 million a year earlier. Exceptional gains boosted earnings the previous year, it said. Mandarin slipped 0.7% to US$1.44.

MCL Land (MCL SP): The Singapore homebuilder partly owned by Hongkong Land said second-quarter profit increased to $114.2 million from $36.7 million a year earlier. MCL Land was unchanged at $1.86.

OKP Holdings (OKP SP): The Singapore-based roadbuilder said second-quarter profit climbed 18% to $4.3 million. OKP was unchanged at 48 cents.

Singapore Airport Terminal Services (SATS SP): The ground-handling services provider partly owned by Temasek Holdings Pte said first-quarter net profit increased to $44.3 million from $40.4 million. Singapore Airport gained 1% to $2.96.

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Last Updated on Friday, 30 July 2010 08:34