The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Stock prices are from the previous close. The Straits Times Index fell 1.4% to 2,320.82 yesterday, declining for the first time in three days.

Bulk carriers: The Baltic Dry Index, a measure of shipping costs for commodities, fell 1.9% yesterday. That was its second-consecutive decline on falling rates to hire so-called capesize vessels that typically haul iron ore to make steel.

STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, was unchanged at $13.34. Cosco Corp. Singapore (COS SP), the bulk carrier and ship-repair unit of China’s biggest shipping company, retreated 1.6% to $1.26.

Keppel Corp. (KEP SP): Nomura Holdings Inc. raised its rating on Keppel, the world’s largest rig builder, to “buy” from “neutral,” citing the sale of the company’s refining business and its focus on its so-called core businesses. Keppel slipped 0.9% to $6.91.

Goldman Sachs raised its recommendation on Singapore’s Jardine Cycle & Carriage (JCYC.SI) to “buy” from “neutral” today and its price target to $24 from $13.20 previously.

Pan Hong Property Group (PANH SP): The Hong Kong-based real estate developer said it bought land-use rights in China for 47.5 million yuan ($10.1 million). The land parcels will be used to develop warehouse and storage facilities for petroleum and petrochemical products. Pan Hong gained 1.5% to 35 cents.

Sembcorp Industries (SCI SP): Nomura cut its rating for Sembcorp Industries, the owner of the world’s No. 2 rig builder, to “neutral” from “buy,” citing lower revenues from its utilities business. Sembcorp Industries was unchanged at $3.05.

Singapore’s Purchasing Managers Index (PMI) expanded for second month in June after eight monthly falls driven by the electronics sector which expanded for the third month, and a rise in overall new orders, new exports orders and output.