Biosensors, DBS, Mapletree Industrial: 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 0.2 percent to 3,193.54.
Biosensors International Group Ltd. (BIG) : The maker of drug-coated stents used to treat blocked arteries said first-net income increased to $22.6 million from $3.2 million a year earlier. Biosensors lost 0.4 percent to S$1.335.
DBS Group Holdings Ltd. (DBS) : Southeast Asia’s biggest lender, said second-quarter net income was S$735 million ($610 million), compared with a net loss of S$300 million a year earlier. The bank was expected to post a net income of S$750 million, according to the average of six analyst estimates compiled by Bloomberg. DBS increased 1.5 percent to S$15.32.
Genting Singapore Plc (GENS) : The operator of one of two casino resorts in Singapore had its rating upgraded to “buy” from “hold” at Citigroup Inc., saying the worst may be over for the company and earnings will improve from the second quarter onwards. Genting climbed 6.1 percent to S$1.92.
Mapletree Industrial Trust (MINT) : The industrial landlord partly owned by Temasek Holdings Pte said it sold 48.5 million placement shares at S$1.09 each and 117 million preference shares at S$1.06 each, raising about S$177 million. The stock gained 0.9 percent to S$1.15.
Singapore Airlines Ltd. (SIA) : The world’s second- biggest carrier by market value will release its first-quarter results today. The shares added 0.3 percent to S$14.77.
Singapore Post Ltd. (SPOST) : The operator of the city’s post offices said first-quarter profit fell 3.5 percent from a year earlier to S$39.2 million. Singapore Post was unchanged at S$1.10.
SMRT Corp. (MRT SP): Singapore’s biggest commuter train operator said first-quarter net income fell 8.9 percent from a year earlier to S$34.8 million. SMRT added 0.3 percent to S$1.88.
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