Singapore Stocks: Asiatravel, Mermaid Maritime, Neptune Orient
Singapore’s Straits Times Index rose less than 0.1 point to 3,158.21 at the close. The same number of stocks gained and fell on the measure.
Shares on the measure trade at an average 15.3 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.
Asiatravel.com Holdings Ltd. (AST SP), a provider of online hotel and travel reservations slumped 7.8 percent to 41.5 Singapore cents, its biggest decline since July 3, 2009. The company said full-year net income slumped 71 percent to S$1.63 million ($1.23 million) from the year before even as revenue increased 16.8 percent.
Mermaid Maritime Pcl (MMT SP), a provider of drilling services to the oil and gas industry, declined 2.3 percent to 42.5 Singapore cents. The company had a full-year net loss of 465 million baht ($15.4 million), compared with a net profit of 714.5 million baht a year earlier.
Neptune Orient Lines Ltd. (NOL SP), the container carrier that gets more than half of revenue in the Americas, advanced 2.4 percent to S$2.18. U.S. retail sales during Thanksgiving weekend totaled $45 billion, the Washington-based NRF said in a statement, citing a survey conducted by BIGresearch. The number of customers shopping on Thanksgiving Day more than doubling over the past five years, the group said.
Technics Oil & Gas Ltd. (TGH SP), the provider of engineering services to the oil and gas industry, climbed 5.8 percent to 82 Singapore cents. The company said it won contract for the supply of ship automation equipment for two vessels, valued at S$25.6 million.
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