Home THE DAILY EDGE Business Oct 22: CapitaMall, Keppel Corp., Noble, STX Pan Ocean
Oct 22: CapitaMall, Keppel Corp., Noble, STX Pan Ocean

Tags: Capitamall Trust | Chip Eng Seng Corp. | Chip Eng Seng Corporation | Cosco Corp | Cosco Corp (Singapore) | Keppel Corp. | Keppel Corporation | Mermaid Maritime Pcl | Noble Group | Olam International | Oversea-Chinese Banking Corp.

Written by Bloomberg   
Friday, 22 October 2010 08:25
smaller text tool iconmedium text tool iconlarger text tool icon

The following companies may have unusual price changes in Singapore trading today. Stock prices are from the previous close. Singapore’s Straits Times Index fell 0.5% to 3,163.53.

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 0.3% in London yesterday, extending its five-day decline to 1.8%.

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, was unchanged at $1.96. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 1.8% to $14.34.

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, dropped 1.2% yesterday in New York.

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, gained 1.1% to $1.93. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, rose 0.3% to $3.18.

CapitaMall Trust (CT SP): The shopping mall landlord partly owned by CapitaLand (CAPL SP) said third-quarter distributable income was $75.2 million, compared with $74.9 million. CapitaMall was unchanged at $2.01.

Chip Eng Seng Corp. (CHIP SP): The Singapore-based real- estate and construction company said it bought a parcel of land in the eastern part of city for $89.9 million. The property will be developed into a residential condominium. Its shares were unchanged at 40 cents.

Keppel Corp. (KEP SP): The world’s biggest builder of oil rigs said third-quarter profit increased 8.4% to $346.3 million from a year earlier. That beat the average estimate of $289.3 million in a Bloomberg News poll of three analysts. Keppel Corp. rose 0.6% to $9.71.

Mermaid Maritime Pcl (MMT SP): The provider of drilling services to the oil and gas industry said it will place an order for two jack-up drilling rigs, valued at US$360 million ($468 million), with Keppel Corp. unit Keppel FELS Shipyard. There’s an option for another two rigs that could be worth more than Us$700 million, it said. Mermaid Maritime was unchanged at 45.5 cents.

Oversea-Chinese Banking Corp. (OCBC SP): Singapore’s smallest lender said it completed the purchase of additional shares in China’s Bank of Ningbo Co. for 1.7 billion yuan ($332 million), raising its stake in the Zhejiang-based lender to 13.7% from 10%. The stock was unchanged at $9.10.

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 Friday, 22 October 2010 08:27