Singapore Stocks: Biosensors, Genting, Golden Agri-Resources

Singapore’s Straits Times Index rose 0.3 percent to 3,163.41 at the close. Seven stocks advanced for every five that fell on the 30-member gauge.

Shares on the measure trade at an average 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.

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

Palm-oil suppliers: Crude palm oil for December delivery surged as much as 6.5 percent in Kuala Lumpur today, heading for its highest level in 26 months.

Golden Agri-Resources Ltd. (GGR SP), the world’s second- biggest palm-oil producer, jumped 5.2 percent to 60.5 Singapore cents. Indofood Agri Resources Ltd. (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, advanced 7 percent to S$2.45. Kencana Agri Ltd. (KAGR SP), owner of palm plantations in Indonesia, climbed 3.9 percent to 40.5 Singapore cents.

Wilmar International Ltd. (WIL SP), the world’s largest palm-oil trader, rose 1.2 percent to S$6.05. The company said it signed a mandate for a $1.1 billion term-loan facility to fund the purchase of Sucrogen Ltd. Wilmar also agreed to a A$600 million facility ($594 million) to fund general capital needs, it said.

Biosensors International Group Ltd. (BIG SP), a maker of drug-coated stents used to treat blocked arteries, surged 8 percent to S$1.08. The company said Autumn Eagle Ltd. agreed to buy a 29.5 percent stake in the company.

Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city, climbed 2 percent to S$2.02. CIMB Group Holdings Bhd. increased its share-price forecast to S$2.45 from S$1.88 and maintained its “outperform” rating.

Sembcorp Marine Ltd. (SMM SP), the world’s second-biggest builder of oil rigs, rose 0.7 percent to S$4.31 after winning a ship-repair contract with Carnival Corp., the world’s biggest cruise-line operator.

To contact the reporter on this story: Jonathan Burgos in Singapore at

To contact the editor responsible for this story: Nick Gentle at

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