Home THE DAILY EDGE Business Oct 25: Ezra, SGX, Total Access
Oct 25: Ezra, SGX, Total Access

Tags: Cosco Corporation (Singapore) | Ezra Holdings | Frasers Commercial Trust | Golden Agri-Resources | Noble Group | Samudera Shipping Line | SGX | Singapore Exchange | Total Access Comm Pcl | Total Access Communications Pc

Written by Bloomberg   
Monday, 25 October 2010 08:08
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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 rose 0.3% to 3,173.57.

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, rose 0.3% in London on Oct. 22, its first advance in six days.

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, dropped 1% to $1.94. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 1.1% to $14.18.

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, rose 0.6% in New York on Oct. 22.

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, dipped 0.5% to $1.92. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, was unchanged at $3.18.

Ezra Holdings (EZRA SP): The provider of offshore logistics services to the oil and gas industry, said it has agreed to buy Aker Marine Contractors, a marine engineering services provider, from Norway’s Aker Solutions ASA for US$250 million ($324 million). Ezra, which was suspended from trading on Oct. 22, fell 1.1% to $1.82 when it last traded on Oct. 21. The stock will resume trading today.

Frasers Commercial Trust (FCOT SP): The office landlord partly owned by Fraser & Neave Ltd. (FNN SP), said it will distribute 31 cents a share of its fourth-quarter income to shareholders, up 55% from a year earlier. Its shares were unchanged at 16.5 cents.

Golden Agri-Resources (GGR SP): The world’s second- biggest producer of palm oil had its rating raised to “buy” from “hold” at Deutsche Bank AG. The stock gained 0.8% to 66 cents.

Samudera Shipping Line (SAMU SP), the operator of regional container-shipping services, said third-quarter profit was US$6.3 million ($8.2 million), compared with a loss of US$4 million a year earlier. Its shares climbed 4.6% to 23 cents.

Singapore Exchange (SGX SP): The operator of the Singapore bourse plans to offer cash and stock worth about A$8.4 billion ($10.7 billion) to buy ASX, operator of the Australian stock exchange, said two people familiar with the matter. Singapore Exchange dropped 2.8% to $9.54 before trading was suspended on Oct. 22. Trading will resume at 10 a.m. in Singapore, an hour after the release of an announcement.

Total Access Communication Pcl
(DTAC SP): Thailand’s second-biggest mobile-phone company said third-quarter net income rose to 3.06 billion baht ($132.4 million) from 1.63 billion baht a year earlier. The stock slipped 0.7% to US$1.36.

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Oct 25: Ezra, SGX, Total Access
Monday, 25 October 2010

Last Updated on Monday, 25 October 2010 08:10