The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index slid 0.8% to 3,153.57 yesterday.
Fortune Real Estate Investment Trust (FRT SP): The Hong Kong-based shopping mall operator said first-quarter net income doubled to HK$108 million ($17.1 million) from HK$54 million a year earlier. Fortune REIT lost 0.3% to HK$3.86.
Hi-P International (HIP SP): The electronics manufacturing services provider whose clients include BlackBerry-maker Research in Motion said it had first-quarter net income of $17.9 million, compared with a loss of $14.2 million from a year earlier. Hi-P declined 3.3% to $1.18.
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carries said average freight rates in the four weeks to April 8 fell 2% from as a year earlier even as it handled 12% more cargo. Its shares dropped 1.6% to $1.85.
RH Energy (RHE SP): The provider of engineering services to the oil and gas industry said first-quarter revenue increased 93% from a year earlier to US$9.7 million ($11.9 million). The stock fell 2.8% to 17.5 cents.
Wing Tai Holdings (WINGT SP): The Singapore-based developer said net income in the nine months ended March increased 56% to $143.6 million from a year earlier. Wing Tai lost 0.6% to $1.57.
Source: The Edge Singapore