CapitaLand, Noble, Raffles Education: Singapore Equity Preview

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

Singapore’s Straits Times Index gained 0.1 percent to 3,044.72.

Commodity suppliers: Noble Group Ltd. (NOBL) , a Hong Kong-based supplier of energy, food and mining commodities, lost 0.5 percent to S$1.91. Olam International Ltd. (OLAM) , a Singapore-based supplier of agricultural commodities, gained 2.3 percent to S$2.66.

The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, dropped 2.3 percent in New York yesterday, extending losses for a second day.

CapitaLand Ltd. (CAPL) : Southeast Asia’s biggest developer by market value said it hired dealmaker Arthur Lang from Morgan Stanley to be group chief financial officer as it pursues investments in the region. He will take over from Olivier Lim, who becomes the Singapore-based company’s head of strategic corporate development, it said. The stock gained 0.7 percent to S$2.82.

Raffles Education Corp. (RLS SP): The operator of fashion- design schools in Singapore, China and India said it agreed to sell its 50 percent stake in Value Vantage Pte., a provider of training services in China, for S$46 million ($37 million). Its shares slipped 2.1 percent to 46 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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