Singapore’s Straits Times Index was little changed at 3,235.06 as of the 12:30 p.m. trading break. Three stocks rose for every two that fell in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.8 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

China Angel Food (CANG SP), a maker and distributor of confectionary and food products, surged 6.7% to 16 cents. The company said its controlling shareholder Fine Ally Group has offered to buy the rest of the company at 17cents a share. Fine Ally, which holds a 49.8% stake in the company, plans to delist China Angel.

 

Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, gained 1.4% to $2.12. Citigroup Inc. raised its share-price forecast to $2.55 from $2.30 and maintained its “buy” rating.

 

Sembcorp Marine (SMM SP), the world’s second-biggest oil-rig builder, rose 0.6% to $4.98. The company said its subsidiary signed a contract to sell a jack-up rig that is already in construction to Transocean for US$195 million ($254.3 million). The rig will be delivered in the fourth quarter of 2011, it said.

 

SIA Engineering Co. (SIE SP), the aircraft maintenance unit of Singapore Airlines (SIA SP), lost 1.4% to $4.33. The stock was cut to “neutral” from “overweight” by HSBC Holdings Plc.

 

Tiger Airways Holdings (TGR SP), the discount carrier part-owned by Singapore Air, gained 2.2% to $1.90. The company said passenger-load factor rose to 87% in October from 86% a year earlier as it carried 8% more passengers during the period.