Bloomberg News

Singapore Stocks: Eu Yan Sang, Oxley, Singapore Air, StarHub

February 05, 2012

Feb. 3 (Bloomberg) -- Singapore’s Straits Times Index rose 0.8 percent to 2,923.89 as of 11:24 a.m. local time, poised for its fifth weekly advance. About four shares advanced for each that fell in the 30-member gauge.

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

Eu Yan Sang International Ltd. (EYSAN SP), a retailer of traditional Chinese medicine, gained 1.5 percent to 68 Singapore cents after saying it’s in talks to buy the assets of Healthzone Ltd. in Australia for A$5 million ($5.3 million)

Frasers Commercial Trust (FCOT SP), the owner of office buildings in Singapore, Australia and Japan, added 1.9 percent to 79 Singapore cents. The company said it’s in talks to buy the remaining 50 percent of Caroline Chisholm Centre in Melbourne.

Oxley Holdings Ltd. (OHL SP) climbed 4.6 percent to 34.5 Singapore cents after the real estate company said second- quarter sales increased to S$38 million ($30.4 million) from S$6 million a year earlier.

Singapore Airlines Ltd. (SIA SP), the world’s second- biggest carrier by market value, declined 2.2 percent to S$10.76. The company said third-quarter net income fell 53 percent to S$135 million, missing the S$162 million average of three analysts’ estimates compiled by Bloomberg.

StarHub Ltd. (STH SP) gained 1.1 percent to S$2.86 as Singapore’s second-largest phone company said fourth-quarter net income climbed 15 percent from a year earlier to S$92.6 million. That beat the S$78.3m average of nine analysts’ estimates compiled by Bloomberg.

--Editor: Jason Clenfield.

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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