Home THE DAILY EDGE Business Jan 6: CapitaMalls Asia, Boustead, Wilmar, SIA
Jan 6: CapitaMalls Asia, Boustead, Wilmar, SIA

Tags: SIA | Boustead Singapore | Cambridge Industrial Trust | Capitaland | Capitamalls Asia | CDL Hospitality Trust | Frasers Centerpoint Trust | Kim Eng Securities | Kim Eng Securities Pte | Singapore Airlines | Stats Chippac | Suntec Real Estate Inv Trust | Suntec Reit | Wilmar International

Written by The Edge   
Thursday, 06 January 2011 08:41
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The following companies may have unusual price changes in Singapore trading today, say Thomson Reuters and Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.1% to 3,254.25.

Singapore shares may rise in early trade on Thursday after Wall Street indices gained overnight following strong data on US private-sector jobs, boosting confidence its economy is on a recovery path.

CapitaMalls Asia (CMAL.SI), a unit of Southeast Asia’s largest property developer CapitaLand (CATL.SI), may be in focus after it said it plans to issue $200 million worth of one-year and three-year bonds.

Singapore stock broker Kim Eng Securities ((KEHS.SI) has requested for a trading halt on its shares, it said on Thursday. It said in December it had been approached by “potential interested parties” for a stake purchase in the firm, but did not name the potential buyers.

Singapore real-estate investment trust shares (REITs): The sector will be supported by lower borrowing costs, which are expected to persist in 2011, DMG & Partners Research said in a report. The brokerage has “buy” ratings on Cambridge Industrial Trust (CREIT SP), CDL Hospitality Trust (CDREIT SP), Frasers Centrepoint Trust (FCT SP) and Suntec REIT (SUN SP). Cambridge Industrial slipped 0.9% to 53 cents, CDL Hospitality dropped 1.4% to $2.05, Frasers Centrepoint was unchanged at $1.50, and Suntec REIT climbed 1.3% to $1.53.

Boustead Singapore (BOCS SP): The provider of engineering services said it won contracts valued at $16 million. The stock gained 0.9% to $1.14.

Singapore Airlines (SIA SP): The world’s second-biggest carrier by market value said it will reorganise to take on new challenges. Executive Vice President Mak Swee Wah will take on additional responsibilities for marketing and sales, and Ng Chin Hwee, executive vice president of human resources and planning, will be in charge of operational activities. The stock slipped 0.5% to $15.12.

Stats Chippac (STAT SP): The Singapore-based provider of semiconductor testing and assembly services said it has priced its US$200 million ($259 million) of senior notes due 2016 at a coupon rate of 5.375%. Proceeds from the debt issue will be used to repay existing borrowings. The shares lost 0.6% to 90 cents.

Wilmar International (WIL SP): The world’s biggest palm-oil trader and its partners Kerry Properties and Shangri-La Asia won the bid to acquire six sites in China’s Liaoning province for 1.36 billion yuan ($265 million). Wilmar increased 1.1% to $5.56.

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Last Updated on Thursday, 06 January 2011 08:45