Bloomberg News

Singapore Stocks: CapitaLand, Creative Technology, Fraser

April 09, 2012

Singapore’s Straits Times Index (FSSTI) fell 0.9 percent to 2,960.10 at the close. About eight shares fell for each that rose in the 30-member gauge.

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

CapitaLand Ltd. (CAPL) declined 1.6 percent to S$3.01 after Shanghai UWin Real Estate Information Services Co. said new home sales in that city halved last week. China is among the biggest markets for CapitaLand, Southeast Asia’s biggest developer.

Creative Technology Ltd. (CREAF) (CREAF SP) surged 14 percent to S$4.27, the most since Feb. 16. The stock gained after Chief Executive Officer Sim Wong Hoo said the company expects content for its HanZpad tablet to give it an edge against rivals including Apple Inc., according to a Sunday Times report.

Fraser & Neave Ltd. (FNN) , a beverage maker and property developer, dropped 0.9 percent to S$6.57 after saying its unit issued S$75 million ($59 million) of notes due in 2019.

Genting Singapore Plc (GENS) , which owns one of the city-state’s two casino-resorts, fell 1.2 percent to S$1.66 after it said it plans to offer S$500 million of perpetual subordinated capital securities.

TT International Ltd. (TTI) , which operates logistics facilities, soared 38 percent to 6.9 Singapore cents, its highest since October 2008, after it signed an investment framework with Lucrum Capital for S$200 million of a Singapore warehouse retail project.

Yoma Strategic Holdings Ltd. (YOMA) , a developer of properties in Myanmar, surged 13 percent to 60 Singapore cents, the most in two months. The stock gained after an adviser to President Thein Sein said the government wants the U.S. to speed removal of sanctions after Secretary of State Hillary Clinton said some restrictions on investment and financial services would be eased.

To contact the reporter on this story: Linus Chua in Singapore at lchua@bloomberg.net

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


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus