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 lost 0.2% to 3,241.96.
CapitaMall Trust (CT SP): Singapore’s biggest retail property trust, said its fourth-quarter payout to shareholders fell 1.4% to $75.4 million from a year earlier. The dividend beat its own forecast of $73.9 million. The stock was unchanged at $1.90.
First Resources (FR SP): An Indonesian palm producer said its controlling shareholder, Eight Capital Inc., sold 75 million shares at $1.48 each. Eight Capital still holds 68% following the share placement, it said. First Resources climbed 2.6% to $1.61.
First Ship Lease Trust (FSLT SP): The Singapore-based ship-leasing company said fourth-quarter net distributable income slumped 37% to US$5.7 million ($7.3 million) from a year ago. The shares gained 1.1% to 47.5 cents.
M1 (M1 SP): Singapore’s smallest mobile-phone company said fourth-quarter net income increased 1% to $37.5 million from a year ago. M1 gained 0.4% to $2.50.
Pacific Shipping Trust (PST SP): The operator of container ships said fourth-quarter profit fell 8% to US$6.6 million ($8.5 million) from a year ago. The shares increased 1.4% to 37 U.S. cents.
Sky China Petroleum Services (SKYP SP): The provider of oilfield drilling services said it placed an order for an oil tanker, valued at 85.3 million yuan ($16.6 million). The stock gained 2% to 25.5 cents.
Rotary Engineering (RTRY SP): The builder of storage tanks for the oil and gas industry said it won a contract, valued at $14.6 million, from Stepan Asia, a chemicals company. Rotary climbed 1% to $1.04.
Singapore Exchange (SGX SP): Operator of the city’s derivatives and securities exchange said it will allow mining and energy exploration companies without earnings track record to list on the bourse’s Catalist board for smaller companies from Feb 1. The companies must have established mineral deposits or oil and gas reserves, it said. The shares climbed 2.1% to $8.68.