Singapore shares may open a tad higher on Thursday after Wall Street edged up overnight as gains in financial and technology stocks offset declines caused by a recent surge in bond yields. Singapore’s Straits Times Index increased 0.3% to 3,202.80.
The following companies may have unusual price changes in Singapore trading today, say Thomson Reuters and Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, gained 0.4% in New York yesterday. Noble Group (NOBL SP), a Hong Kong-based commodities supplier, climbed 1.9% to $2.15.Olam International (OLAM SP), an agricultural commodities supplier, fell 0.3% to $3.20.
Palm-oil suppliers: Crude palm-oil futures for February delivery fell 0.4% in Kuala Lumpur yesterday, snapping its six-day rally. Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, rose 0.7% to 77.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, lost 0.7% to $2.89. Wilmar International (WIL SP), the world’s biggest palm-oil trader, dropped 1.2% to $5.97.
Pacific Andes Resources Development (PAH SP): The Hong Kong-based supplier of frozen seafood products said it agreed to buy 28.9 million shares of Tassal Group, a supplier of Atlantic salmon based in Tasmania, Australia, for $67 million. The shares were unchanged at 34 cents.
Stamford Tyres Corp. (STC SP): The Singapore-based retailer and distributor of tires said second-quarter net profit dropped 16% to $1.66 million. The stock fell 1.5% to 32 cents.
Ziwo Holdings (ZIWO.SI), a producer of synthetic rubber, fabric and foamed material, said on Wednesday its patents on a foaming layer for diving suits made from chloroprene rubber, which will last until 2019, had been successfully registered in China.
Singapore-listed Annica Holdings (ANHL.SI) said on Wednesday it had proposed a private placement of 100 million ordinary shares at $0.032 per subscription share, which represents a discount of 20% to the weighted average price on that trading day.