Chip Eng Seng, DMX, Genting, Mencast: Singapore Stock 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 (FSSTI) rose 0.2 percent to 3,141.21.

Chip Eng Seng Corp. (CHIP SP): The Singapore-based real- estate and construction company said a unit won a S$74 million contract ($59.7 million) to build a residential condominium in the eastern Singapore town of Pasir Ris. The stock gained 1.1 percent to 46.5 Singapore cents.

DMX Technologies Group Ltd. (DMX) , the network and computer-services provider partly owned by Japan’s KDDI Corp., said MTR Corp. extended its contract by another three years to manage the information technology network security for the operator of Hong Kong’s commuter trains. DMX increased 1.4 percent to 35.5 Singapore cents.

Genting Singapore Plc (GENS) : The owner of one of two casino resorts in the city-state said the Casino Regulatory Authority has imposed financial penalties totaling S$530,000 on the company for four instances of violating government regulations. The company said it seeks to fully comply with Singapore’s gaming laws. Its shares were unchanged at S$2.07.

Mencast Holdings Ltd. (MCAST) : The maker of stern gear equipment used in the shipping industry said it agreed to buy Top Great Engineering & Marine Pte, a provider of engineering services for industrial plants, for S$24 million in a cash and share deal. Mencast fell 2.2 percent to 44 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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