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Singapore’s Straits Times Index was little changed at 3,260.08 as of 9:55 a.m. local time. Three stocks advanced for every two that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 14.9 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Shares on the measure trade at an average 14.9 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Bukit Sembawang Estates (BS SP), a Singapore-based property developer, advanced 1.9% to $4.86. CIMB Group Holdings raised its recommendation to “outperform” from “underperform.”
ComfortDelGro Corp. (CD SP), the biggest operator of taxis and buses in Singapore, rose 1.3% to $1.61. BNP Paribas raised its rating on the stock to “buy” from “hold” and increased its share-price estimate to $1.98 from $1.63.
Wilmar International (WIL SP), the world’s biggest palm-oil trader, increased 1.6% to $5.79. OCBC Investment Research raised its recommendation on the stock to “buy” from “hold” and maintained its share-price estimated at $6.48.
