The following companies may have unusual price changes in Singapore trading, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index slipped 0.2% to 3,195.02.
Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, gained 0.8% in London yesterday, taking its three-day advance to 2.8%.Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slid 1.1% to $1.88. Mercator Lines (Singapore) (MRLN SP), an Indian bulk carrier, declined 3.4% to 28.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, rose 1.1% to $14.54.
CapitaLand (CAPL SP): ESun Holdings and CapitaLand are aware New Cotai Entertainment LLC has announced it has started legal proceedings in Hong Kong in relation to the Macao Studio City project, eSun said in an e-mailed statement. CapitaLand, Southeast Asia’s biggest developer, lost 1% to $4.16.
DBS Group Holdings (DBS SP): Southeast Asia’s biggest bank said it has sold $1.7 billion ($1.3 billion) of 4.7% perpetual preference shares. Proceeds from the sale will be used to exercise calls on other tier one notes due 2011, it said. DBS slipped 1.1% to $14.60.
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier was raised to “outperform” from “neutral” at Credit Suisse Group AG, which increased its share-price estimate to $2.43 from $2.35. The stock rose 0.5% to $2.07.
Energy services firm Ezra Holdings (EZRA.SI) said it will list 131.6 million rights shares on the Singapore stock exchange on Friday, which will raise gross proceeds of around $155.3 million.
Electronics retailer TT International (TINL.SI) said on Thursday it made a net loss of $7.5 million for its first quarter ended June 30, compared to a $12.8 million net profit a year ago, mainly due to the elimination of the supply chain business arising from the lack of working capital.