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Singapore Stocks: China Aviation Oil, Genting, Neptune Orient

Feb. 23 (Bloomberg) -- Singapore’s Straits Times Index fell 0.9 percent to 2,968.34 at the close. Three shares dropped 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.

China Aviation Oil Singapore Corp. (CAO SP) declined 6.5 percent to S$1.225 after the supplier of jet-fuel in China said fourth-quarter net income tumbled 43 percent from a year earlier to $5.7 million.

Genting Singapore Plc (GENS SP) dropped 3 percent to S$1.615 after the casino and theme park operator posted fourth-quarter net income of S$265.7 million ($212 million), compared with a net loss of S$150.3 million a year earlier. That missed the S$291.3 million net income average estimate by four analysts in a Bloomberg survey.

Hyflux Ltd. (HYF SP) sank 7 percent to S$1.47 after Singapore’s biggest publicly traded water-treatment company said full-year net income decreased 40 percent to S$53 million from the previous year.

Neptune Orient Lines Ltd. (NOL SP) slid 5.6 percent to S$1.345 after Southeast Asia’s biggest container carrier reported a fourth-quarter net loss of $320.4 million, compared with a profit of $177 million a year earlier. Analysts predicted a loss of $123.6 million, according to the average of eight estimates compiled by Bloomberg.

Otto Marine Ltd. (OTML SP) plunged 8.9 percent to 14.4 Singapore cents after the shipbuilder posted a full-year net loss of S$67.7 million, compared with a profit of S$40.7 million the previous year.

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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