Singapore Stocks: QAF, Raffles Medical, SATS, Straits Asia

Singapore’s Straits Times Index gained 0.1 percent to 3,184.99 at the close. Almost five stocks fell for every four that rose in the benchmark index of 30 companies.

Shares on the measure trade at an average 14.6 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg.

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

Creative Technology Ltd. (CREAF SP), the consumer electronics maker whose music players compete with Apple Inc.’s iPod dropped 0.9 percent to S$3.51 after it had a third-quarter net loss of $13 million, compared with a loss of $20.8 million a year earlier.

QAF Ltd. (QAF SP) climbed 1.5 percent to 66 Singapore cents after the baker and supermarket operator said first-quarter net income increased to S$28.2 million ($23 million) from S$14.5 million a year earlier.

Raffles Medical Group Ltd. (RFMD SP), a hospital operator, rose 1.4 percent to S$2.24 after saying first-quarter net income increased 16 percent to S$10.5 million from a year earlier.

SATS Ltd. (SATS SP), the ground-handling services provider partly owned by Temasek Holdings Pte, increased 2.4 percent to S$2.58. The company said it completed the acquisition of a 40 percent stake in Saudi Arabia’s Adel Abuljadayel Flight Catering Co. for $18.5 million.

Straits Asia Resources Ltd. (SAR SP), the owner of coal mines in Indonesia, jumped 5 percent to S$2.92. The company said it received a license from the Indonesian government to extend its exploration activities in the Northern Leases of its Sebuku mining project.

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