Amtek, ComfortDelgro, Olam, StarHub: Singapore Stocks 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 fell 0.8 percent to 3,077.27.
Amtek Engineering Ltd. (AMTK SP): The supplier of precision components to companies such as Sony Corp. said second-quarter net income increased 46 percent to $13.2 million from a year ago. The stock gained 1.6 percent to S$1.24.
ComfortDelGro Corp. (CD SP): The biggest operator of taxis and buses in Singapore will report its full-year earnings tomorrow. The company is expected to report a net income of S$233 million ($181 million), according to the average estimate of 14 analysts compiled by Bloomberg. That compares with S$219.5 million in 2009. The shares were unchanged at S$1.56.
Kian Ann Engineering Ltd. (KAE SP), a supplier of tractor and diesel engine parts, said net income climbed 26.5 percent to S$4.1 million from a year ago. Kian Ann declined 4.6 percent to 21 Singapore cents.
Olam International Ltd. (OLAM SP): The supplier of agricultural commodities that is partly owned by Temasek Holdings Pte will report its second-quarter earnings tomorrow. The company is expected to post a net income of S$81 million, according to the average estimate of three analysts compiled by Bloomberg. That compares with S$158.9 million a year ago. Olam slipped 1.6 percent to S$3.02.
StarHub Ltd. (STH SP): Singapore’s second-biggest phone company said fourth-quarter net income rose 8.4 percent to S$80.4 million from a year ago. The stock lost 0.4 percent to S$2.61.
To contact the reporter on this story: Jonathan Burgos in Singapore at email@example.com.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org.