Resorts World Sentosa, a unit of Genting Singapore Plc, Asia’s biggest casino operator by market value, borrowed $4.2 billion to refinance debt, including $3.5 billion in term loans and $500 million in revolving credit facilities, according to a Feb. 1 company statement. Nineteen lenders helped arrange the loans while a $192.5 million banker’s guarantee facility was provided by DBS Bank and Oversea-Chinese Banking Corp., according to the statement.
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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 gained 0.2% 3,184.74.
Cerebos Pacific (CER SP): The maker of Brand’s Essence of Chicken health tonic said net income in the three months ended December rose 16% to $42.6 million from a year earlier. The shares lost 1.2% to $4.87.
Shares on the measure trade at an average 14.5 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.
Singapore’s Straits Times Index dropped 1% to 3,197.85 as of 9:20 a.m. local time, trimming this month’s advance to 0.2%. All but three stocks in the benchmark index of 30 companies fell.
Shares on the measure trade at an average 14.6 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg.
Shares of Thailand’s Sri Trang Agro-Industry (SRTA.SI), the world’s biggest rubber producer and exporter, opened below their issue price on their Singapore debut on Monday.
Around 9:00 a.m., Sri Trang was traded at $ 1.17, which is roughly equal to 28 baht . The shares opened at $1.15 or about 4.2% below the Singapore issue price.
Singapore shares are likely to fall on Monday as anti-government rioting in Egypt prompts investors to flee emerging markets and put their money in less risky assets. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.31% on Friday to 3,229.69 points.
Here are some stocks and factors to watch:
Singapore Airlines (SIAL.SI), the world’s second largest airline by market value, may be in focus after it reported lower third quarter net profit, hit by provisions for fines as well as a settlement with US authorities on cargo price-fixing charges.
Analysts expect near-term resistance at 3,235 but the index has been stalling around the 3,220-3,225 area over the past few sessions.
The fourth-quarter data is in line with the initial estimates published earlier this month.
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 was little changed at 3,219.83.
CapitaLand (CAPL SP): Southeast Asia’s biggest developer said it has agreed to buy a residential property in eastern Singapore for $100.7 million . The property will be redeveloped into a condominium with 150 units, comprising of one-bedroom and two-bedroom apartments. CapitaLand slipped 1.1% to $3.65.
Singapore shares may be see a weak start on Friday after rating agency Standard & Poor’s cut Japan’s long-term debt rating, sending the yen (JPY=) lower, but gains on Wall Street overnight may provide some support.
Singapore’s benchmark Straits Times Index <.FTSTI> closed 0.03% lower on Thursday at 3,219.83 points. Here are some stocks and factors to watch:
Located in the city’s Marine Parade area, the site will comprise 150 apartments, the statement said. The transaction will be completed by the third quarter.
“If anything is close to certain it’s that the renminbi will appreciate,” Head of Product Development Marc van de Walle said at a media briefing in Singapore today, using the yuan’s alternative name. “It’s got the potential to appreciate between 4% and 6% annually, and maybe even a bit faster,” he said, without providing a specific time frame.
