Home THE DAILY EDGE Business Jan 28: CapitaLand, SIA, SingTel
Jan 28: CapitaLand, SIA, SingTel

Tags: Capitaland | SIA | Singapore Airlines | Singapore Post | Smrt Corporation | Stats Chippac | Tiger Airways | Tiger Airways Holdings | Tiger Airways Pte | Willas-Array Elec (Hldgs)

Written by Bloomberg   
Friday, 28 January 2011 08:42
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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 was little changed at 3,219.83.

CapitaLand (CAPL SP): Southeast Asia’s biggest developer said it has agreed to buy a residential property in eastern Singapore for $100.7 million . The property will be redeveloped into a condominium with 150 units, comprising of one-bedroom and two-bedroom apartments. CapitaLand slipped 1.1% to $3.65.

Singapore Airlines (SIA SP): The world’s second-biggest carrier by market value will release its third-quarter results after the market closes today. The company was expected to report a net profit of $341.4 million, according to the average estimate of five analysts compiled by Bloomberg. That compares with $404 million a year ago. The shares fell 0.7% to $15.04.

Singapore Post (SPOST SP): The operator of the city-state’s post offices will report its third-quarter results today. The shares were unchanged at $1.18.

Singapore Telecommunications (ST SP): Southeast Asia’s biggest phone company was raised to “buy” from “hold” at BNP Paribas. The brokerage increased its share-price estimate to $3.75 from $3.15. SingTel, as the company is known, dropped 1% to $3.11.

SMRT Corp. (MRT SP): Singapore’s biggest commuter-train operator will release its third-quarter results today after the market closes. The company is expected to report a net income of $41 million, according to the average of two analyst estimates compiled by Bloomberg. That compares with $39 million a year earlier. The shares were unchanged at $2.05.

Stats Chippac (STAT SP): The chip-testing and packaging company controlled by Temasek Holdings Pte. said its fourth-quarter net profit fell to US$19 million ($24.3 million) from US$33.8 million a year earlier. The shares were unchanged at 88.5 cents.

Tiger Airways Holdings (TGR SP): The budget carrier backed by Singapore Airlines will report its third-quarter results today. Tiger’s shares were unchanged at $1.78.

Willas-Array Electronics Holdings
(WAE SP): The Hong Kong-based distributor of electronic components said it will raise net proceeds of up to $8 million by selling a maximum of 68 million shares to existing shareholders at 12 cents each. The stock was unchanged at 18.5 cents.

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Jan 28: CapitaLand, SIA, SingTel
Friday, 28 January 2011

Last Updated on Friday, 28 January 2011 08:44