Bloomberg News

Singapore Stocks: CapitaLand, Mewah International, Noble Group

January 03, 2012

Jan. 3 (Bloomberg) -- Singapore’s Straits Times Index gained 1.6 percent to 2,688.36, the highest close since Dec. 12. All stocks advanced in the 30-member gauge.

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

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks 19 commodities ranging from copper to corn, rose 0.3 percent in New York on Dec. 30, snapping a two-day loss.

Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, gained 2.7 percent to S$1.16. Olam International Ltd. (OLAM SP), a Singapore-based trader of agricultural commodities, increased 1.9 percent to S$2.17.

Developers: Singapore’s private home prices increased 0.2 percent in the fourth quarter, after rising 1.3 percent in the third quarter, according to preliminary data from the Urban Redevelopment Authority.

City Developments Ltd. (CIT SP), Singapore’s second-largest homebuilder, rose 2.3 percent to S$9.10. CapitaLand Ltd. (CAPL SP), Southeast Asia’s biggest real estate company, advanced 2.3 percent to S$2.26. Wing Tai Holdings Ltd. (WINGT SP), a developer of high-end residential properties, climbed 2.7 percent to 97 Singapore cents.

CapitaMalls Asia Ltd. (CMA SP), owner of shopping malls in Singapore, Japan, China, India and Malaysia, increased 3.1 percent to S$1.165. The company said it will offer as much as S$200 million ($155 million) of bonds due in 2022.

Mewah International Inc. (MII SP), a producer of vegetable oils, jumped 5.4 percent to 49 Singapore cents. The company said it will invest $145 million to build a refinery and packaging plant in Indonesia. The facility will have an annual refining capacity of 630,000 metric tons when completed by the end of 2013.

--Editor: Nick Gentle

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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