Aztech, Broadway, Olam, Stats Chippac: 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 rose 0.9 percent to 3,194.73.

Aztech Group Ltd. (AZ) : The marine logistics company and electronics manufacturer said it had a first-quarter net loss of S$21 million ($17 million), compared with a net income of S$1.6 million a year ago. Aztech fell 2.9 percent to 16.5 Singapore cents.

Broadway Industrial Group Ltd. (BWAY) : The maker of components used in hard-disk drives said first-quarter net income declined to S$9.1 million from S$11.9 million a year ago. The stock was unchanged at S$1.10.

GMG Global Ltd. (GGL) : The owner of rubber plantations in West Africa said first-quarter net income increased to S$15.5 million from S$6.3 million a year ago. Its shares rose 1.8 percent to 28.5 Singapore cents.

Olam International Ltd. (OLAM) : The supplier of agricultural commodities said it is offering to buy the rest of NZ Farming Systems Uruguay Ltd. for 70 New Zealand cents each. The company owns about 78 percent of the dairy producer. Olam lost 0.3 percent to S$2.94.

Stats Chippac Ltd. (STAT) : The chip-testing and packaging company partly-owned by Temasek Holdings Pte said first-quarter net income dropped to $6.3 million from $27.5 million a year ago. Its shares gained 0.7 percent to 75.5 Singapore cents.

To contact the reporters 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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