Chemoil, Dairy Farm, Hongkong Land: Singapore Stocks Preview
Stock Chart for Cosco Corp Singapore Ltd (COS)
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 rose 0.3 percent to 3,037.35.
Chemoil Energy Ltd. (CHEME) : The supplier of fuel in the maritime industry said it has appointed Mats Berglund as chief financial officer and chief operating officer. Berglund was formerly senior vice president Overseas Shipholding Group Inc. (OSG US), the largest U.S.-based owner of oil tankers. The stock lost 1.5 percent to 32.2 U.S. cents when it last traded on March 2.
Cosco Corp. Singapore Ltd. (COS SP): The China-based shipbuilder said it agreed to delay the proposed sale of its stakes in Costar Shipping Pte and Coslink (M) Sdn Bhd. to Freightworld Pte. by four months. Cosco and Freightworld are indirect units of China Ocean Shipping Group Co., the nation’s biggest shipping company. Cosco rose 1 percent to S$2.01.
Dairy Farm International Holdings Ltd. (DFI) : Hong Kong’s second biggest retailer said full-year net income increased 13 percent to $411 million from the previous year. The stock climbed 4.7 percent to $8.53.
Hongkong Land Holdings Ltd. (HKL) : One of Hong Kong’s biggest business-district landlords said full-year underlying profit rose 4.2 percent to $810 million from a year ago. Hongkong Land gained 0.4 percent to $6.84.
Mandarin Oriental International Ltd. (MAND) : The operator of luxury hotels from Tokyo to San Francisco said full- year underlying profit rose to $44.4 million from $12 million the year before as demand for hotels increased. Mandarin increased 1.5 percent to $2.09.
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