Home THE DAILY EDGE Business Nov 25: CapitaLand, Great Eastern, Renewable Energy Asia Group, SATS, TPV Technology: Update
Nov 25: CapitaLand, Great Eastern, Renewable Energy Asia Group, SATS, TPV Technology: Update

Tags: Capitaland | Golden Agri-Resources | Great Eastern Hldgs | Great Eastern Holdings | Indofood Agri Resources | Renewable Energy Asia Group | SATS | Tpv Technology | Wilmar International

Written by The Edge   
Thursday, 25 November 2010 08:24
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Nov 25: CapitaLand, Great Eastern, Renewable Energy Asia Group, SATS, TPV Technology: Update
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Singapore shares may open higher today after Wall Street rallied overnight, as investors put aside worries about swirling global problems and focused on an improvement in the labour market and consumer sentiment. The following companies may have unusual price changes in Singapore trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index gained 0.3% to 3,137.01.

Palm-oil producers: Crude palm oil for February delivery rose 1.7% in Kuala Lumpur yesterday, snapping its two-day drop of 6.3%. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, advanced 3.7% to 71 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, jumped 4.7% to $2.65. Wilmar International (WIL SP), the world’s largest palm-oil trader, rose 0.2% to $6.03.

CapitaLand (CAPL SP): Southeast Asia’s biggest developer plans to sell Ascott Raffles Place in Singapore’s central business area, the local press reported, without indentifying its sources. CapitaLand’s Ascott Residence Trust (ART SP) has the first option to buy the property, which could be worth around $250 million, the reports said. CapitaLand was unchanged at $3.71. Ascott Residence Trust gained 0.9% to $1.19.

Great Eastern Holdings (GE SP): Singapore’s biggest life insurer said it has appointed Christopher Wei as chief executive officer from Feb 10. Wei, who was group chief marketing officer at American Insurance Assurance Co., will replace Ng Keng Hooi, who resigned in September. Great Eastern lost 0.6% to $15.78.



Last Updated on Thursday, 25 November 2010 08:39