Home THE DAILY EDGE Business STI falls 0.1% to 3,257.96 at trading break
STI falls 0.1% to 3,257.96 at trading break

Tags: BNP Paribas | Bukit Sembawang Estates | CIMB Group Holdings | ComfortDelGro Corp | Neptune Orient Lines | OCBC | OCBC Investment Research | Wilmar International

Written by Bloomberg   
Monday, 10 January 2011 12:45
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Singapore’s Straits Times Index fell 0.1% to 3,257.96 as of the 12:30 p.m. trading break. Six stocks advanced for every five 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.
 
Bukit Sembawang Estates (BS SP), a Singapore-based property developer, advanced 2.1% to $4.87. CIMB Group Holdings raised its recommendation to “outperform” from “underperform.”
 
ComfortDelGro Corp. (CD SP), the biggest operator of taxis and buses in Singapore, jumped 3.1% to $1.64. BNP Paribas raised its rating on the stock to “buy” from “hold” and increased its share-price estimate to $1.98 from $1.63.
 
Neptune Orient Lines (NOL SP), the container carrier that gets more than half of its revenue from the Americas, dropped 1.7% to $2.30. A government report released on Jan. 7 showed U.S. payrolls increased by 103,000, about two- thirds of the median estimate in a Bloomberg survey of economists.
 
Wilmar International (WIL SP), the world’s biggest palm-oil trader, increased 0.7% to $5.74. OCBC Investment Research raised its recommendation on the stock to “buy” from “hold” and maintained its share-price estimated at $6.48.
 
 
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Last Updated on Monday, 10 January 2011 12:48