CH Offshore, Global Logistics, OCBC: Singapore Stocks Preview
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close.
Singapore’s Straits Times Index fell 0.4 percent to 3,082.83.
CH Offshore Ltd. (CHO SP): The provider of offshore support vessels to the oil and gas industry said it signed a bareboat charter agreement valued at $43.5 million with an unnamed customer. The stock increased 1 percent to 49 Singapore cents.
Global Logistic Properties Ltd. (GLP SP): The logistics company whose customers include Wal-Mart China and FedEx Corp. said it signed new leases on 136,000 square meters of space in China last month. The shares were unchanged at S$1.90.
Oversea-Chinese Banking Corp. (OCBC SP): Singapore’s second-biggest lender will report fourth-quarter earnings tomorrow. The lender is expected to post a net income of S$558 million ($436.5 million), according to the average estimate of seven analysts compiled by Bloomberg. That compares with S$502 million a year ago. OCBC, as the lender is known, gained 0.4 percent to S$9.55.
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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