Home THE DAILY EDGE Business Oct 12: Keppel Land, Keppel Corp, Neptune Orient, Yanlord, Freight Link Express
Oct 12: Keppel Land, Keppel Corp, Neptune Orient, Yanlord, Freight Link Express

Tags: Freight Links Express Holdings | Golden Agri- Resources | Indofood Agri Resources | Keppel corp | Keppel Land | Lian Beng Group | Neptune Orient Lines | Singapore Airlines | Tiger Airways | Wilmar International | Yanlord Land Group

Written by The Edge   
Tuesday, 12 October 2010 08:13
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The following companies may have unusual price changes in Singapore trading today and share prices are from the previous close. Singapore’s Straits Times Index rose 0.3% to 3,163.41.

Palm-oil suppliers: Crude palm oil for December delivery surged 6% in Kuala Lumpur yesterday to a 26-month high, tracking a rally in soybeans.

Here are some stocks to watch say Bloomberg and Thomson Reuters:
 
Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, jumped 5.2%t to 60.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s largest noodle maker, advanced 7% to $2.45. Wilmar International (WIL SP), the world’s No. 1 palm-oil trader, rose 1.2% to $6.05.
 
Keppel Corp. (KEP SP): The company’s Keppel Seghers Belgium NV and Keppel Seghers U.K. units won a 187.3 million-euro ($341.6 million) contract to build the second phase of a waste-to- energy plant in northwest England, according to a company statement. Keppel Corp. climbed 2.3% to $9.63.
 
Keppel Land (KPLD SP): The real-estate company controlled by Keppel Corp. agreed to sell its one-third stake in the first phase of Marina Bay Financial Center to its K-REIT Asia (KREIT SP) unit for $1.43 billion.
 
Keppel Land, which will book a net gain of about $321 million from the sale, also agreed to buy two properties, Keppel Towers and GE Tower, for $573 million from K-REIT. Keppel Land rose 0.2% to $4.11, while K-REIT Asia gained 1.5% to $1.37.
 
Lian Beng Group (LBG SP), a Singapore-based construction company, said first-quarter profit doubled to $10.9 million from $5.3 million a year earlier. The stock climbed 3.4% to 30.5 cents.
 
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier said average freight rates increased 38% in the four weeks to Sept from a year earlier. The stock was unchanged at $2.07.
 
Tiger Airways Holdings (TGR SP), the budget carrier partly-owned by Singapore Airlines (SIA SP), said its load factor last month slipped to 87% from 88 % a year earlier even as it carried 17% more passengers during the month. Tiger Air dropped 2% to $1.92.
 
Yanlord Land Group (YLLG SP): The Singapore-listed developer of residential projects in China said it sold 134 housing units at project in Shanghai on Oct. 10. Its shares lost 0.6% to $1.66.
 
Freight Links Express (FLEH.SI) Freight Links Express said it has entered into sale and leaseback transactions with its unit Sabana Investment Partners
for five of Freight Links' properties for a total of $192.95 million.
 
 

 

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Last Updated on Tuesday, 12 October 2010 08:38