Singapore Stocks: Noble Group, Sembcorp Marine, Tiger Airways
Shares on the measure trade at an average 14.3 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg.
The following shares were among the most active in the market. Stock symbols are in parentheses after the company name.
Noble Group Ltd. (NOBL) sank 3.2 percent to S$1.815. Gloucester Coal Ltd. has negotiated a new A$400 million ($430 million) debt facility with Noble Group. The unsecured facility has a four-year term expiring June 30, 2015.
Sembcorp Marine Ltd. (SMM) , a shipping company, increased 1.2 percent to S$5.26. The company said that SMOE, a wholly-owned unit, secured a contract worth about S$600 million ($493 million) from PTTEP International Ltd.
Tiger Airways Holdings Ltd. (TGR) , an airline, rose 0.5 percent to S$1.015. The company, whose Australian operations were suspended amid safety concerns, said yesterday prospective partner Thai Airways International Pcl. has told it state approvals for a low-cost alliance remain pending.
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