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 1 percent to 2,973.08.
Allgreen Properties Ltd. (AG SP): The Singapore-based real estate company controlled by Malaysian billionaire Robert Kuok said full-year net income increased 79 percent to S$290.7 million ($227.2 million) from the previous year. The stock fell 1 percent to S$1.02.
Global Logistic Properties Ltd. (GLP SP): The logistics company whose customers include Wal-Mart China and FedEx Corp., said it plans to develop new facilities in Suzhou, China. Global Logistics dropped 1.5 percent to S$1.93.
Indofood Agri Resources Ltd. (IFAR SP): The palm-oil unit of Indonesia’s biggest noodle maker said full-year net income slipped 8.2 percent to 1.4 trillion rupiah ($158 million) from the previous year. The stock decreased 2.6 percent to S$2.26.
Sembcorp Industries Ltd. (SCI SP): The parent of Sembcorp Marine Ltd. will release full-year results today. The company is expected to report a net income of S$705 million, according to the average estimate of 17 analysts compiled by Bloomberg. That compares with S$683 million in the previous year. The shares gained 0.2 percent to S$4.83.
Tiger Airways Holdings Ltd. (TGR SP): The budget carrier controlled by Singapore Airlines Ltd. (SIA SP) said it plans to buy a 32.5 percent stake in the Philippines’ South East Asian Airlines for $6 million. Tiger Airways decreased 2.9 percent to S$1.35.
United Overseas Bank Ltd. (UOB SP): Singapore’s smallest lender by market value will release its full-year earnings today. The company is expected to post a net income of S$2.5 billion, according to the average estimate of 24 analysts compiled by Bloomberg. That compares with S$1.9 billion a year ago. The stock slid 1.8 percent to S$18.
Wheelock Properties Singapore Ltd. (WP SP): The unit of Hong Kong’s Wheelock & Co. said it will spend 1.4 billion yuan to purchase five properties in China. Residential projects will be built on the sites. The shares climbed 1.6 percent to S$1.89.
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