Singapore Stocks: Cerebos Pacific, Genting, SATS, Tuan Sing

Singapore’s Straits Times Index gained 0.9 percent to 3,211.12 at the close, where the market shut for the afternoon for the Lunar New Year. All but four stocks rose in the benchmark index of 30 companies.

Shares on the measure trade at an average 14.7 times estimated earnings, compared with about 15.6 times at the end of 2010, 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.

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, increased 0.2 percent in New York yesterday, extending its advance for a third day.

Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, gained 4.6 percent to S$2.29, the steepest gain since November 2010. Olam International Ltd. (OLAM SP), a Singapore- based supplier of agricultural commodities, climbed 1 percent to S$3.12.

Cerebos Pacific Ltd. (CER SP), a maker of Brand’s Essence of Chicken health tonic, jumped 4.7 percent to S$5.10, the highest close since October 2007. The company said net income in the three months ended December rose 16 percent to S$42.6 million ($33.4 million) from a year earlier.

Genting Singapore Plc (GENS SP), Asia’s biggest casino operator by market value, advanced 3.9 percent to S$2.13. The company said it has received credit facilities for as much as S$4.19 billion for refinancing.

SATS Ltd. (SATS SP), a ground-handling services provider partly owned by Temasek Holdings Pte, declined 1.4 percent to S$2.76. The company said fiscal third-quarter profit fell 4.1 percent to S$51.2 million from a year earlier.

Singapore Exchange Ltd. (SGX SP), the operator of the city’s derivatives and securities exchange, gained 0.5 percent to S$8.44. The company said its initial public offering capitalization jumped five-fold in 2010 from a year earlier. There were 39 new IPOs last year, compared with 29 in 2009, it said.

Tuan Sing Holdings Ltd. (TSH SP), a property developer and construction company, surged 11 percent 34.5 Singapore cents. The company said fourth-quarter net income increased 60 percent to S$37.3 million from a year earlier.

To contact the reporters on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nicolas Johnson at nicojohnson@bloomberg.net.

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