Singapore Stocks: CapitaLand, Neptune Orient Lines, Wilmar
The following shares were among the most active in the market. Stock symbols are in parentheses after the company names.
Palm-oil producers: Crude palm-oil futures for February delivery decreased as much as 2.2 percent in Kuala Lumpur today, heading for its fourth day of decline.
CapitaLand Ltd. (CAPL) , Southeast Asia’s biggest property developer, added 0.8 percent to S$2.48. The company said it sold 350 apartment units at a new residential project in Singapore’s eastern town of Bedok.
Neptune Orient Lines Ltd. (NOL SP), Southeast Asia’s biggest container carrier, gained 2 percent to S$1.025. Samsung Securities initiated coverage of the stock with a “buy” rating and a share-price forecast of S$1.50, saying earnings will recover in the next two years.
StarHub Ltd. (STH) , Singapore’s second-largest phone company, rose 1.4 percent to S$2.92. CIMB Group Holdings Bhd. maintained its “outperform” rating on the stock, citing its attractive dividend yield of 6 percent.
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