ComfortDelGro, Olam International: 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 rose 0.9 percent to 3,104.42.
Asiatravel.com Holdings Ltd. (AST SP): The online travel agent said net income attributable to shareholders in the three months ended Dec. 31 fell 31 percent to S$679,000 ($530,000) from a year earlier. The stock was unchanged at 44 Singapore cents.
ComfortDelGro Corp. (CD SP): The biggest operator of taxis and buses in Singapore said 2010 profit rose 4.1 percent to S$228.5 million from S$219.5 million a year earlier. Sales climbed 5.1 percent to S$3.21 billion. The company said cost management will be “challenging” because of inflationary pressure in the markets it operates in. The stock was unchanged at S$1.56.
Olam International Ltd. (OLAM SP): The supplier of agricultural commodities that is partly owned by Temasek Holdings Pte said second-quarter net income fell to S$145.4 million from S$158.9 million a year earlier. The stock rose 0.7 percent to S$3.04.
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