Singapore Stocks: Asiatravel, LottVision, Orchard Parade
Singapore’s Straits Times Index (FSSTI) added 0.1 percent to 2,973.44 as of 10:45 a.m. local time. Five shares rose for every three that fell in 30-member gauge, which is heading for a 0.7 percent decline this week.
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
Asiatravel.com Holdings Ltd. (AST) , a provider of online hotel and travel reservations, added 1.5 percent to 33 Singapore cents after forming a partnership with Thai Ticket Major Co., a distributor of concert and bus transport tickets in Thailand. This will generate increased demand for the company’s services, said Boh Tuang Poh, executive chairman of Asiatravel.
LottVision Ltd. (LVIS) jumped 15 percent to 1.5 Singapore cents after the distributor of video-surveillance products said it will raise net proceeds of S$10.45 million, selling 846 million new shares at 1.3 Singapore cents through a placement.
Orchard Parade Holdings Ltd. (OPH) rose 1.2 percent to S$1.76 after the real-estate company announced the appointment of Lucas Chow as chief executive officer.
Singapore Airlines Ltd. (SIA) , the world’s second- biggest carrier by market value, slipped 0.4 percent to S$10.85. The company offered pilots the option of taking voluntary no-pay leave of up to two years as it currently has a surplus of first officers.
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