Fortune REIT, Keppel Corp., Unionmet: Singapore Stock Preview
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close.
Singapore’s Straits Times Index lost 0.1 percent to 3,181.15.
Fortune Real Estate Investment Trust (FRT SP): The Hong Kong-based shopping mall operator said fourth-quarter income for distribution increased 11 percent to HK$105.7 million ($13.6 million) from a year ago. The stock was unchanged at HK$4.05.
Keppel Corp. (KEP SP): The world’s biggest builder of oil rigs said net income in the fourth quarter increased 17 percent to S$403 million ($314 million) from a year earlier. Analysts expected profit of S$371.3 million, based on four estimates compiled by Bloomberg. The shares gained 0.7 percent to S$11.34.
SIA Engineering Co. (SIE SP): The aircraft maintenance unit of Singapore Airlines Ltd. (SIA SP) said third-quarter net income increased 7.7 percent to S$60.3 million a year earlier. SIA Engineering fell 0.9 percent to S$4.22.
Unionmet Singapore Ltd. (UMS SP): The producer of indium ingots used in the manufacture of flat panel displays and solar energy batteries said full-year revenue increased to $23.3 million from $9.1 million. Unionmet declined 13 percent to 6.5 Singapore cents.
Youcan Foods International Ltd. (YCAN SP): The ice cream maker said it’s unlikely to report a profit in 2010. The company, which reported a net loss of S$39 million in 2009, did not elaborate. The stock last traded unchanged at 8 Singapore cents.
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