Singapore Stocks: Dyna-Mac, Neptune Orient Lines, Wilmar

Singapore’s Straits Times Index fell 0.6 percent to 3,006.08 as of 10:21 a.m. local time. Two shares fell for each that rose in the 30-member gauge.

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

Dyna-Mac Holdings Ltd. (DMHL) (DMHL SP), a provider of offshore engineering services partly owned by Keppel Corp. (KEP SP), dropped 6.4 percent to 51.5 Singapore cents after saying fourth- quarter revenue tumbled 80 percent from a year earlier to S$11.8 million ($9.4 million).

Neptune Orient Lines Ltd. (NOL) (NOL SP), Southeast Asia’s biggest container carrier, declined 2.4 percent to S$1.45 before the announcement of its fourth-quarter earnings after the market closes today. The company may post a net loss of $115.5 million, according to the average of seven analyst estimates.

Wilmar International Ltd. (WIL) sank 8.7 percent to S$5.35 after the world’s biggest palm-oil processing company posted earnings that missed analysts’ estimates. Fourth-quarter profit rose 57 percent from a year earlier to $500 million, Wilmar said. That compares with the $519.8 million average estimate of six analysts 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 at ngentle2@bloomberg.net

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