Home THE DAILY EDGE Business Jul 11: City Developments, Hsu Fu Chi, SingTel
Jul 11: City Developments, Hsu Fu Chi, SingTel

Tags: City Developments | Hsu Fu Chi International | Ryobi Kiso Holdings | Singapore Telecommunications | Singtel

Written by Bloomberg   
Monday, 11 July 2011 08:40
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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 0.8% to 3,151.28.

City Developments (CIT SP): Singapore’s second-biggest homebuilder by market value said it sold 150 apartment units at a residential project in the western Singapore town of Bukit Panjang. Separately, the company said its Millennium & Copthorne Hotels Plc unit will make its first investment in Japan. The stock rose 1% to $10.94.

Hsu Fu Chi International (HFCI SP): China’s biggest confectioner by market value said Nestle SA, the world’s largest maker of milk products and ice cream by sales, agreed to buy 60% of the company at $4.35 per share. Hsu Fu Chi was unchanged at $4 when it last traded on July 1.

Ryobi Kiso Holdings (RYO SP): The construction company said it won a $11.3 million contract in Vietnam. The stock added 0.6% to 16 cents.

Singapore Telecommunications (ST SP): Southeast Asia’s biggest phone company said it is reviewing opportunities in Asia and emerging markets as it expects sales in Singapore and earnings before interest tax, depreciation and amortization in Australia to increase at a low-single-digit pave in the year ending March 2012. SingTel, as the company is known, advanced 1.3% to $3.19.


 

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Last Updated on Monday, 11 July 2011 08:41