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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 advanced 1.7% to 3,202.16.
Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, gained 1.1% in London yesterday.
Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, gained 1.1% in London yesterday.
Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, increased 2.2% to $1.90. Mercator Lines (Singapore) (MRLN SP), an Indian bulk carrier, advanced 1.7% to 29.5. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, rose 0.6% to $14.38.
Kim Eng Holdings (KEH SP): The Singapore-based brokerage sold $120 million of 2.2% bonds due in October 2011, according to data compiled by Bloomberg. The stock rose 1.1% to $1.79.
Miyoshi Precision (MIYO SP): The Singapore-based maker of components for hard-disk drives said its full-year profit will be “significantly” lower than last year’s. Its shares were unchanged at 15.5 cents.
Otto Marine (OTML SP): The Singapore-based shipbuilder said it took over three vessels held by a company it jointly owns with Norway’s GC Rieber Shipping ASA and sold one for 24.1 million euros ($43.5 million). Otto Marine slid 1.34% to 37.5 cents.
Saizen Real Estate Investment Trust (SZREIT SP): The owner of apartments in Japan said it sold three properties in Hiroshima, Japan, for 495.7 million yen ($6 million). Saizen REIT dropped 3.1% to 15.5 cents.
Sarin Technologies (SARIN SP): The Israeli maker of equipment for the diamond industry said its third-quarter profit will be “significantly less” than the previous two quarters. Its shares lost 0.8% to 61.5 cents.
Silverlake Axis (SILV SP): The provider of customized software solutions for banks said it won a contract valued at $30 million from a company in Southeast Asia. The stock lost 1.4% to 35 cents.
Singapore Press Holdings (SPH SP): The biggest newspaper publisher in the city said it will fully restore staff salaries and pay a one-off bonus in January. The stock gained 0.7% to $4.25.
