Singapore Stocks: Frasers Commercial, Genting, Neptune, Noble

Singapore’s Straits Times Index (FSSTI) added 0.4 percent to 2,916.16 as of 11:03 a.m. local time. Almost six shares rose for each that fell in the 30-member gauge.

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

Frasers Commercial Trust (FCOT) , the owner of office buildings in Australia, Japan and Singapore, advanced 2 percent to 78 Singapore cents. The company said first-quarter distributable income to shareholders increased 22 percent from a year earlier to S$9.6 million ($7.7 million).

Genting Singapore Plc (GENS) , a casino and park operator in the city-state, gained 1.3 percent to S$1.605. Shares rose after Las Vegas Sands Corp., Genting’s only rival in the Southeast Asian city, said fourth-quarter profit rose 17 percent on growth in Singapore and China.

Leader Environmental Technologies Ltd. (LEP) (LET SP), a supplier of equipment used in treating industrial waste, dropped 3.1 percent to 12.6 Singapore cents after saying fourth-quarter profit will be “significantly lower” because of delays in the release of government funds for projects in China.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, climbed 5.1 percent to S$1.435, extending gains for a third day, after U.S. economic data spurred optimism about world trade. Morgan Stanley reiterated its “overweight” rating, citing improving cargo rates.

Noble Group Ltd. (NOBL) , a Hong Kong-based commodity supplier, rose 1.1 percent to S$1.37. Nomura Holdings Inc. maintained its “buy” rating, saying earnings will recover this year amid rising demand for energy and agricultural commodities.

See Hup Seng Ltd. (SHS) , a Singapore-based shipbuilder, surged 7.8 percent to 27.5 Singapore cents. The company said a unit won a five-year contract to supply drums to an asphalt manufacturer.

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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