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Singapore Stocks: CapitaMall Trust, Noble Group, Yanlord Land

Singapore’s Straits Times Index fell 1.5 percent to 2,677.44 as of 12:56 p.m. local time, heading for its lowest close since Oct. 10. Just one share advanced 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.

China developers: Homebuilders in China fell as declining luxury home sales in Shanghai added to signs the mainland’s real-estate market is weakening. Luxury home sales fell to 63 units in October from 149 a year earlier, the Oriental Morning Post reported, citing data from Centaline Property’s Shanghai unit.

CapitaLand Ltd. (CAPL) , Southeast Asia’s biggest developer that gets about 21 percent of its sales from China, slipped 2.8 percent to S$2.43. Guocoland Ltd. (GUOL) , a homebuilder that counts China as its No. 1 market, dropped 1.7 percent to S$1.71. Yanlord Land Group Ltd. (YLLG) , a China- based real-estate company, fell 2.3 percent to S$1.085.

Real Estate Investment Trusts: CapitaMall Trust (CT) , Suntec REIT (SUN SP), Mapletree Logistics Trust (MLT) , and K- REIT Asia (KREIT SP) run the most risk of exceeding leverage parameters among Singapore REITs in the event of a downward revaluation of properties, according Moody’s Investors Service.

CapitaMall Trust, a shopping mall operator partly owned by CapitaLand, dropped 1.7 percent to S$1.74. Suntec REIT, an office and retail landlord, lost 0.9 percent to S$1.14. K-REIT Asia (KREIT), an office landlord partly owned by Keppel Land Ltd. (KPLD SP), slipped 1.7 percent to 86.5 Singapore cents.

Cosco Corp. (COS) , the shipbuilding unit of China’s biggest shipping company, dropped 2.2 percent to 88 Singapore cents. The company said it appointed Wu Zi Heng as vice chairman and president, replacing Jiang Li Jun.

Noble Group Ltd. (NOBL) , a Hong Kong-based commodity supplier, declined 3.6 percent to S$1.085 after the lower house of parliament in Australia passed a bill that will require iron- ore and coal producers to pay about A$11 billion ($10.8 billion) in additional taxes in the first three years of the law. Noble holds a 65 percent stake in Australian coal miner Gloucester Coal Ltd., according to data (GCL) compiled by Bloomberg.

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 in Hong Kong at ngentle2@bloomberg.net

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