Bloomberg News

Singapore Stocks: Ezra, Keppel, Singapore Exchange, STX OSV

November 30, 2011

Nov. 30 (Bloomberg) -- Singapore’s Straits Times Index added 0.5 percent to 2,702.46 at the close, paring losses this month to 5.4 percent. Two stocks rose for each that fell in the index of 30 companies.

The following shares were among the most active in the market. Stock symbols are in parentheses after the company names.

Ezra Holdings Ltd. (EZRA SP), a provider of offshore logistics to the oil and gas industry, jumped 5.5 percent to 86.5 Singapore cents. The company said its unit EMAS Marine won charter deals for four offshore support vessels, valued at $231 million, from customers in South America and the Asia Pacific.

Keppel Corp. (KEP SP), the world’s biggest builder of oil rigs, increased 2.3 percent to S$9.21. Citigroup Inc. reiterated its “buy” rating on the stock, citing its “better earnings vibility” compared with smaller rival Sembcorp Marine Ltd. (SMM SP). Sembcorp Marine lost 1.3 percent to S$3.69.

Singapore Exchange Ltd. (SGX SP), operator of the city’s bourse, added 0.8 percent to S$6.15 after appointing Chng Lay Chew as chief financial officer.

STX OSV Holdings Ltd. (SOH SP), the world’s biggest maker of oil-rig support vessels by revenue, climbed 5.3 percent to S$1.185. The company won a contract, valued at 1.2 billion Norwegian krone ($206 million), for the construction of a research vessel for the Norwegian Defence Logistics Organisation.

--Editor: John McCluskey

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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