The following companies may have unusual price changes in Singapore trading. Share prices are from the previous close. Singapore’s Straits Times Index slipped 0.7% to 3,181.27. Singapore's benchmark Straits Times Index <.FTSTI> fell 0.72% on Monday to 3,181.27 points. Here are some stocks to watch out for, according to Thomson Reuters and Bloomberg.
Palm-oil producers: Nomura Holdings Inc. raised its view on crude-palm-oil stocks to “bullish” after increasing its price forecasts for the commodity by as much as 20%, the brokerage said in a note to clients.
Golden Agri-Resources (GGR SP), which the brokerage raised to “buy” from “reduce,” gained 0.8% to 67 cents. Indofood Agri Resources (IFAR SP), which was raised to “buy” from “neutral,” declined 3% to $2.57.
Ascendas Real Estate Investment Trust (AREIT SP): The Singapore-based industrial landlord said first-half distributable income rose to $124.9 million from $122.6 million a year ago. Ascendas REIT gained 0.5% to $2.11.
Keppel Land (KPLD SP): The real-estate company controlled by Keppel Corp. (KEP SP) said it bought residential sites in Chengdu, China, for 1.8 billion yuan ($352 million). Its shares climbed 3% to $4.46.
M1 (M1 SP): Singapore’s smallest phone company said third-quarter net income increased 16% to $39.5 million from a year ago. Analysts expected profit of $40.4 million, based on estimates compiled by Bloomberg. The stock gained 0.5% to $2.25.
Noble Group (NOBL SP): The Hong Kong-based commodities supplier said it hired JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and Standard Chartered Plc to help it sell US dollar-denominated perpetual bonds. The stock dropped 2.5% to $1.96.
Qian Hu Corp. (QIAN SP): The supplier of ornamental fish said third-quarter profit declined 28% to $1.2 million from a year ago. The stock dropped 3.7% to 13 cents.
Mapletree Logistics Trust (MAPL.SI) said it has signed a sale and leaseback agreement with Japanese logistics firm Hamakyorex (9037.T) to acquire a warehouse facility in Japan for 1.05 billion yen ($16.9 million), which has an initial net property yield of 8.6%.
K-REIT Asia (KASA.SI) said its net property income in the third quarter rose 42.4% to $17.5 million from a year earlier, and its distribution per unit was up 25.2% at 1.69 cents.