Home THE DAILY EDGE Business Jan 26: Harry’s, Keppel, SIA Engineering, XMH
Jan 26: Harry’s, Keppel, SIA Engineering, XMH

Tags: Fortune Real Estate Inv Trust | Fortune Reit | Harry’s Holdings | Keppel Corp. | Keppel Corporation | SIA Engineering | Sia Engineering Co | SIA Engineering Co. | Spice i2i | Unionmet (Singapore) | XMH Holdings | Youcan Foods International

Written by Bloomberg   
Wednesday, 26 January 2011 08:44
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.1% to 3,181.15.

Fortune Real Estate Investment Trust
(FRT SP): The Hong Kong-based shopping mall operator said fourth-quarter income for distribution increased 11% to HK$105.7 million ($17.4 million) from a year ago. The stock was unchanged at HK$4.05.

Harry’s Holdings (HHL SP): The operator of pubs and restaurants will start trading today. The company sold 24 million shares at 22 cents in its initial share sale.

Keppel Corp. (KEP SP): The world’s biggest builder of oil rigs said net income in the fourth quarter increased 17% to $403 million from a year earlier. Analysts expected profit of $371.3 million, based on four estimates compiled by Bloomberg. The shares gained 0.7% to $11.34.

SIA Engineering Co. (SIE SP): The aircraft maintenance unit of Singapore Airlines (SIA SP) said third-quarter net income increased 7.7% to $60.3 million a year earlier. SIA Engineering fell 0.9% to $4.22.

Spice i2i
(I2I SP): The Singapore-based provider of Internet telephone services controlled by Indian billionaire Bhupendra Kumar Modi said it bought the mobile-phone handset distribution business of Indonesia’s Affinity Group for US$175 million ($224 million). The company said it plans to raise gross proceeds of about S$151 million by selling shares to existing shareholders at 5.5 cents each. Spice was unchanged at 11.5 cents when it last traded on Jan. 21.

Unionmet Singapore (UMS SP): The producer of indium ingots used in the manufacture of flat panel displays and solar energy batteries said full-year revenue increased to US$23.3 million ($29.9 million) from US$9.1 million. Unionmet declined 13% to 6.5 cents.

XMH Holdings (XMH SP): The supplier of diesel engines will start trading today. The company sold 100.95 million new and vendor shares at 25 cents in its initial share sale.

Youcan Foods International (YCAN SP): The ice cream maker said it’s unlikely to report a profit in 2010. The company, which reported a net loss of $39 million in 2009, did not elaborate. The stock last traded unchanged at 8 cents.


 

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Last Updated on Wednesday, 26 January 2011 08:46