The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.4% to 3,241.49.

CapitaCommercial Trust (CCT SP): The office landlord partly owned by CapitaLand (CAPL SP) had its stock rating lowered to “underweight” from “neutral” at JPMorgan Chase & Co. The shares lost 0.7% to $1.50.

CapitaMalls Asia (CMA SP): The owner of shopping malls in Singapore, Japan, China, India and Malaysia had its rating raised to “outperform” from “neutral” at Macquarie Group. The brokerage raised its share-price forecast to $2.24 from $2.19. The stock fell 0.5% to $1.88.

Hyflux (HYF SP): Singapore’s biggest publicly traded water utility company said it won three contracts in China, valued at US$45 million ($58.3 million). Hyflux increased 1.3% to $2.34.

Overseas Union Enterprise (OUE SP), a Singapore-based hotel operator, said it has established a $1 billion multi-currency medium-term note programme. The shares rose 1.2% to $3.44.

Oxley Holdings (OHL SP): The property developer said it agreed to buy an office building in the Raffles Place business district for $57.1 million from City Developments (CIT SP). Oxley rose 2.5% to 41.5 cents. City Developments lost 0.2% to $12.46.

Sapphire Corp. (SAPP SP): The maker of steel products said it plans to sign a share financing deal with Credit Suisse Group AG. The deal, to be secured by shares of China Vanadium Titano- Magnetite Mining Co., is expected to raise US$70 million ($90.6 million), it said. The shares were unchanged at 2 cents.

Singapore Telecommunications (ST SP): Southeast Asia’s biggest phone company said its Viridian unit bought 4.075 million shares in Bharti Airtel Ltd. on the open market for 1.36 billion rupees ($38.8 million), raising its stake in India’s biggest mobile phone carrier to 32.15% from 32.04%. The stock gained 0.7% to S$3.07.

Straits Asia Resources (SAR SP): The owner of coal mines in Indonesia said it has received a permit from the Indonesian government that allows the company to boost production capacity at its Sebuku mine. The shares gained 1.9% to $2.64.