Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Singapore Stocks: Contel, Singapore Airlines, ST Engineering

Nov. 8 (Bloomberg) -- Singapore’s Straits Times Index gained 0.6 percent to 2,866.52 at the close. Four stocks rose for every three fell 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.

Contel Corp. (CTEL SP), a maker of DVD players and home-theater systems, dropped 3.6 percent to 26.5 Singapore cents. The company said it expects to post a first-half loss due to rising raw-material and labor costs.

KSH Holdings Ltd. (KSHH SP) added 4.7 percent to 22.5 Singapore cents after the construction company said second-quarter net income rose 24 percent to S$5.2 million ($4 million) from a year earlier.

Pacific Century Regional Development Ltd. (PAC SP), which holds a 21 percent stake in PCCW Ltd., Hong Kong’s biggest phone company, rose 1.9 percent to 16 Singapore cents. PCCW is seeking as much as HK$11 billion ($1.4 billion) from an initial public offering of its telecom business trust, said two people with knowledge of the matter.

Singapore Airlines Ltd. (SIA SP), the world’s second-largest carrier by market value, slipped 1 percent to S$11.17. The global travel and tourism industry may expand slower than forecast this year and in 2012 as economic conditions in Europe deteriorate, the World Travel & Tourism Council said yesterday.

Singapore Technologies Engineering Ltd. (STE SP), Asia’s biggest aircraft maintenance company, gained 1.1 percent to S$2.88. The company said third-quarter net income rose 3 percent from a year earlier to S$133.8 million.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.