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 dropped 1% to 3,229.27.
Palm-oil producers: Crude palm-oil futures for March delivery dropped for a second day in Kuala Lumpur yesterday. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, slipped 2.1% to $2.74. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, sank 3.1% to 77.5 cents. Wilmar International (WIL SP), the world’s biggest palm-oil trader, lost 0.2% to $5.69.
Consciencefood Holdings (CSF SP): The maker of instant noodles said it has installed new machinery that will boost its annual production capacity to 852 million packs of noodles from 741 million. The stock slipped 3.3% to 29.5 cents.
GuocoLand (GUOL SP): The developer controlled by Malaysian tycoon Quek Leng Chan sold $205 million of 4% notes due January 2014, according to data compiled by Bloomberg. Guocoland rose 0.7% to $2.83.
Select Group (SCSL SP): The food caterer said it sold Wisteria Hotel Management Services Pte, a hotel and restaurant operator, for $1.4 million. The stock rose 8.7% to 12.5 cents when it last traded on Jan. 7.
Tiger Airways Holdings (TGR SP): The budget carrier backed by Singapore Airlines Ltd. (SIA SP) said it carried 5.76 million passengers in 2010, 32% more than in the previous year. The airline filled an average of 86% of available seats in the period, an increase from 84% the year before. Tiger Airways dropped 1.1% to $1.80. Singapore Air, as the world’s second-biggest carrier is known lost 0.4% to $15.28.