Bloomberg the Company & Products

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: Dyna-Mac, Neptune Orient Lines, Wilmar

Don't Miss Out —
Follow us on:

Feb. 22 (Bloomberg) -- Singapore’s Straits Times Index slipped 1 percent to 2,995.59 at the close. 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 SP), a provider of offshore engineering services partly owned by Keppel Corp. (KEP SP), dropped 7.3 percent to 51 Singapore cents after saying fourth-quarter revenue tumbled 80 percent to S$11.8 million ($9.4 million) from a year earlier.

Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, declined 4 percent to S$1.425 in anticipation of disappointing fourth-quarter earnings after the market close. The company posted a loss of $320.4 million, exceeding analyst estimates of $123.6 million.

Tiger Airways Holdings Ltd. (TGR SP), the budget carrier partly owned by Singapore Airlines Ltd. (SIA SP), rose 1.9 percent to 82 Singapore cents. DBS Group Holdings Ltd. raised its rating to “buy” from “hold,” saying earnings may recover in the next financial year ending March 2013.

Wilmar International Ltd. (WIL SP) slumped 11 percent to S$5.22 after the world’s biggest palm-oil processer 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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.