Home THE DAILY EDGE Business Dec 6: Keppel Land, CapitaLand, HG Metal, Beyonics Technology
Dec 6: Keppel Land, CapitaLand, HG Metal, Beyonics Technology

Tags: Beyonics technology | Capitaland | Hg Metal Manufacturing | Keppel Land

Written by Reuters   
Monday, 06 December 2010 08:12
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Singapore shares may rise slightly on Monday, lifted by gains on Wall Street despite weaker-than-expected US jobs data. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.80% on Friday to 3,172.44 points. Here are some stocks and factors to watch.

Keppel Land (KLAN.SI) may be in focus as it now expects to realise a larger profit of about $394 million from the sale of property in Marina Bay after the tax authority said it would treat the divestment as capital gain.

Southeast Asia’s largest property developer CapitaLand (CATL.SI) said on Friday it had sold units at a Singapore property for a total of $218 million.

Steel manufacturer HG Metal (HGMM.SI) has appointed Patrick Seil as its new chief executive officer, taking over from Chng Hee Kok. Chng remains as the executive director of the firm. The company has also appointed Goh Kian Sin as its managing director, replacing Tan Chan Too.

Electronics contract manufacturer Beyonics Technology (BEYT.SI) said on Friday it expects to report a loss for the first  quarter ended Oct 31, due to lower shipments to customers in the hard disk drive industry.
 

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Last Updated on Monday, 06 December 2010 08:14