DBS Group, Eratat, Jardine Cycle, UMS: 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 gained 0.7 percent to 3,022.19.

DBS Group Holdings Ltd. (DBS) : Southeast Asia’s biggest bank plans to double its headcount in China this year, Sebastian Paredes, chief executive officer of the lender’s Hong Kong unit, told reporters in Hong Kong. DBS employed about 1,100 people on the mainland last year, Paredes said. The stock lost 0.3 percent to S$14.24.

Eratat Lifestyle Ltd. (ERAT) : The China-based maker of athletic shoes and apparel said it won an order worth 40 million yuan ($6.1 million) from a trade exhibit last month. Eratat rose 2.5 percent to 20.5 Singapore cents.

Jardine Cycle & Carriage Ltd. (JCNC) : Indonesia’s February domestic vehicle sales declined to 69,489 units from 73,866 units a month earlier, Jardine Cycle unit PT Astra International said, citing data from the nation’s automotive industries association. The Singapore-based automotive distributor gets about 89 percent of sales from Indonesia. Its shares gained 0.2 percent to S$35.26.

KSH Holdings Ltd. (KSHH) : The construction company said it and partners Heeton Venture (China) Pte and TEE Property Pte will jointly invest S$25 million to develop a property in China. KSH will hold a 60 percent stake in the joint venture. KSH slid 2.1 percent to 23 Singapore cents.

UMS Holdings Ltd. (UMSH) : The supplier of equipment for the manufacture disk-drive and computer-chip makers said it receive in-principle approval from the Singapore Exchange to list in South Korea. UMS climbed 2.7 percent to 58 Singapore cents.

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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