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: Frasers Commercial, Golden Agri, Keppel Corp.

April 20 (Bloomberg) -- Singapore’s Straits Times Index slipped 0.5 percent to 2,994.48 at the close, paring gains this week to 0.2 percent. Two shares fell for each that rose on the 30-member gauge.

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

Palm-oil producers: Crude palm-oil futures for July delivery dropped as much as 1 percent in Kuala Lumpur today.

Golden Agri-Resources Ltd. (GGR SP), the world’s second-biggest palm oil producer by sales, decreased 1.3 percent to 75 Singapore cents. Wilmar International Ltd. (WIL SP), the world’s biggest palm oil processor, slid 0.6 percent to S$4.86.

Frasers Commercial Trust (FCOT SP) gained 1.1 percent to 88.5 Singapore cents after the office landlord reported second-quarter distributable income increased 11 percent from a year earlier to S$11.2 million ($9 million).

Keppel Corp. (KEP SP), the world’s largest oil-rig maker, dropped 1.4 percent to S$11.39, its first decline in three days, after its offshore engineering unit reported profit margins dropped to 15 percent in the first quarter from 21 percent a year earlier as it worked on lower-priced orders.

“Lower-than-expected offshore and marine margins in the next one to two quarters could be a negative share price driver,” Nancy Wei, an analyst at UOB-Kay Hian Holdings Ltd. in Singapore, said in a note today.

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.