Singapore Stocks: China Aviation Oil, Golden Agri, Heng Long

Singapore’s Straits Times Index gained 1.1 percent to 2,668.30 at the close. Almost three stocks rose for each that fell in the index of 30 companies.

The following shares were among the most active in the market. Stock symbols are in parentheses after the company names.

Palm-oil producers: Crude palm-oil futures for December delivery gained as much as 1.7 percent in Kuala Lumpur today.

Golden Agri-Resources Ltd. (GGR) , the world’s second- biggest palm-oil producer by sales, rose 2.5 percent to 60.5 Singapore cents. Wilmar International Ltd. (WIL) , the world’s largest palm-oil processor, advanced 2.9 percent to S$4.90.

China Aviation Oil Singapore Corp. (CAO SP), the nation’s biggest supplier of jet fuel, jumped 6 percent to 96.5 Singapore cents. The company said it is investing $32 million for a 26 percent stake in Oilhub Korea Yeosu Co. Ltd. Oilhub is constructing the Northeast Asia Hub Terminal, an oil storage terminal in Yeosu, South Korea, which can store up to 8.18 million barrels of crude oil and oil products, it said.

Genting Singapore Plc (GENS) , the owner of one of two casino resorts in the city-state, climbed 3.6 percent to S$1.565. UOB-Kay Hian Holdings Ltd. reiterated its “buy” rating on the stock, saying the company’s Resorts World Sentosa benefitted from increased visitor arrivals in Singapore as a result of events such as the Formula One grand prix.

Heng Long International Ltd. (HLONG) , a Singapore-based crocodile-leather tannery, surged 7.1 percent to 60 Singapore cents. LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, said it agreed to purchase 51 percent of Heng Long for S$160.8 million ($124.2 million).

Singapore Press Holdings Ltd. (SPH) , the city’s biggest newspaper publisher, lost 0.8 percent to S$3.74. The company is expected to report full-year net income of S$379 million on Oct. 12, according to the average estimate of 13 analysts compiled by Bloomberg. That compares with a profit of S$498 million a year earlier.

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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