Baker Technology, Singapore Post, SMRT: Singapore Stocks Preview

The following companies may have unusual price changes in Singapore trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close.

Singapore’s Straits Times Index fell 0.2 percent to 3,179.86 on April 29. The market was closed yesterday for a public holiday.

Baker Technology Ltd. (BTL) : The supplier of equipment to the oil and gas industry said first-quarter revenue increased 71 percent to S$10.6 million ($8.7 million). Baker Technology dropped 2.4 percent to 41.5 Singapore cents.

Noble Group Ltd. (NOBL) : The Hong Kong-based supplier of commodities increased and Korea Investment Corp. have entered into a strategic agreement to invest in infrastructure assets, Noble said in a statement to the Singapore stock exchange. Noble rose 1.4 percent to S$2.23.

Singapore Post Ltd. (SPOST) : The operator of the city’s post offices said fourth-quarter net income declined 9.6 percent from a year earlier to S$37 million. The company said it is cautiously optimistic on its outlook and is looking for acquisitions in Singapore and in Asia. The stock gained 0.9 percent to S$1.16.

SMRT Corp. (MRT SP): Singapore’s biggest commuter-train operator said fourth-quarter net income increased 50 percent to S$34 million from a year earlier. SMRT was unchanged at S$1.90.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net;

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net.

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