Singapore shares may rise slightly on Monday after stocks on Wall Street recorded modest gains amid stronger-than-expected US jobs data. The Straits Times Index rose 0.5% to 3,240.31 on Nov. 4. The following companies may have unusual price changes in trading today. Share prices are from the previous close. The market was closed for a public holiday on Nov. 5. Here are some stocks to watch, say Bloomberg and Thomson Reuters.
CapitaMalls Asia (CMA SP): The owner of shopping malls in Singapore, Japan, China, India and Malaysia said it plans to invest 3.86 billion yuan ($745 million) in a retail and office complex in Shanghai. The stock lost 0.5% to $2.12.
Hyflux (HYF SP): Singapore’s biggest provider of water-treatment services said third-quarter profit rose 5% to $19 million from a year earlier. Separately, the company said it will give shareholders one bonus share for every two shares held. Hyflux was unchanged at $3.18.
Jardine Cycle & Carriage (JCNC SP): The automotive distributor that gets 89% of sales from Indonesia said third-quarter net income increased 63% to US$584 million ($750 million) from a year earlier. The stock slid 1.6% to $38.48.
SembCorp Marine (SMM SP): The world’s second-largest maker of oil rigs said third-quarter net income more than doubled from a year earlier to $296 million. That beat the average estimate of $199.8 million by four analysts surveyed by Bloomberg. Its shares fell 0.4% to $4.74.
Singapore Airlines (SIA SP) and Tiger Airways (TAHL.SI) said they have suspended flights between Jakarta and Singapore because of the volcanic ash from Mount Merapi in Indonesia. Meanwhile, SIA resumed flying its A380 fleet on Friday, lifting a grounding order imposed after a Qantas A380 engine failed inflight, forcing the aircraft to make an emergency landing.
Britain’s Tesco (TSCO.L) and Singapore’s Dairy Farm (DAIR.SI) are among the bidders to submit second-round indicative offers for French retailer Carrefour’s (CARR.PA) Southeast Asian assets, sources familiar with the matter told Reuters on Sunday.
Treasury China Trust (TRCT.SI), which focuses on Chinese commercial real estate, is eyeing acquisitions in second-tier Chinese cities to tap the rising purchasing power of consumers, a senior executive said on Friday.