Bloomberg News

Singapore Stocks: LottVision, United Envirotech, Yanlord

May 30, 2012

Singapore’s Straits Times Index (FSSTI) lost 0.6 percent to 2,783.95 at the close. About three 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.

Chinese developers: China has no plan to introduce stimulus measures to support growth on the scale seen during the depths of the global financial crisis in 2008, according to the nation’s state-run Xinhua News Agency.

Yanlord Land Group Ltd. (YLLG) , a Chinese real estate company, dropped 2.4 percent to S$1.03. GuocoLand Ltd. (GUOL) , a homebuilder that counts China as its second-largest market, fell 0.9 percent to S$1.59.

Biosensors International Group Ltd. (BIG) fell 0.4 percent to S$1.28 after the maker of drug-coated stents used to treat blocked arteries said fourth-quarter net income increased 49 percent from a year earlier to $27.2 million.

LottVision Ltd. (LVIS) sank 13 percent to 1.4 Singapore cents after the maker of video surveillance equipment reported a full-year loss of HK$81.8 million ($10.5 million), widening from a loss of HK$62.8 million the previous year.

United Envirotech Ltd. (UENV) fell 2.9 percent to 33 Singapore cents after the water treatment company said full-year net income declined 35 percent from a year earlier to S$10.5 million ($8.2 million).

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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