Home THE DAILY EDGE Business Aug 30: City Developments, Goodpack, GuocoLand
Aug 30: City Developments, Goodpack, GuocoLand

Tags: Capitaland | Goodpack | Guocoland | Longcheer Holdings | United Fiber Systems

Written by Bloomberg   
Monday, 30 August 2010 08:42
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The following companies may have unusual price changes in Singapore trading today. Stock prices are from the previous close. Singapore’s Straits Times Index gained 0.4% to 2,938.74.

Developers: Singapore will announce more steps to cool the property market after previous measures failed to keep prices from rising, Prime Minister Lee Hsien Loong said yesterday.

CapitaLand (CAPL SP), Southeast Asia’s biggest developer, dropped 0.3% to $4. City Developments (CIT SP), Singapore’s second-largest developer by market value, rose 0.5% to $11.96. Keppel Land (KPLD SP) slipped 2.2% to $3.93.

Guocoland (GUOL SP), the developer controlled by Malaysian billionaire Quek Leng Chan, fell 0.5% to $2.14 when in last traded on Aug 26. The company said it plans to raise $532.5 million selling shares to existing shareholders at $1.80 a share on the basis of one new share for every three existing shares held.

Goodpack (GPACK SP): The supplier of intermediate bulk containers used to transport commodities such as rubber, coffee and chestnuts said full-year profit climbed 30% to US$33.6 million ($45.5 million). Goodpack increased 1.6% to $1.89.

Longcheer Holdings (LHL SP): The China-based mobile phone designer said fourth-quarter profit rose 15% to 44 million yuan ($8.8 million) from a year earlier. The stock gained 0.7% to 72.5 cents.

United Fiber Systems (UFS SP): The Singapore-based construction company and producer of pulp and woodchips said it won a $73.9 million contract to build public housing in the city-state. Its shares advanced 11% to 5 cents.


 

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Last Updated on Monday, 30 August 2010 08:44