Singapore Stocks: CSE Global, Eu Yan Sang, Guocoleisure, Noble
The following were among the most active shares in the market. Stock symbols are in parentheses after company names.
CSE Global Ltd. (CSE SP) slumped 13 percent to 78.5 Singapore cents after the supplier of industrial automation equipment said fourth-quarter net income will decline due to project delays.
Eu Yan Sang International Ltd. (EYSAN SP) slipped 2.2 percent to 67.5 Singapore cents after the maker and retailer of traditional Chinese medicine posted a net loss of S$2.8 million ($2.2 million), compared with a profit of S$4.1 million.
Guocoleisure Ltd. (GLL SP), the owner of hotels in the U.K., U.S. and Asia, fell 2.2 percent to 67 Singapore cents. The company said second-quarter net income declined 34 percent from a year earlier to $19.1 million.
Noble Group Ltd. (NOBL) gained 2.1 percent to S$1.47 after Asia’s biggest commodity supplier said it named Yusuf Alireza, formerly co-president of Goldman Sachs Group AG’s Asia excluding Japan unit, as chief executive officer. Noble said it also appointed William Randall as a member of the board.
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