The company, based in Jingjiang in eastern Jiangsu province, aims to list in Hong Kong in the first half of this year, said the people, who declined to be identified because the information is confidential.
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. The following shares were among the most active in the market.
Manufacturing, which accounts for about a quarter of the economy, climbed 9% in December from a year earlier after a revised 40.5% increase in November, the Economic Development Board said in a statement today. The median estimate of 12 economists surveyed by Bloomberg News was for a 16.8% gain. Production grew 29.7% in 2010.
Shares of Keppel Corp, the world’s largest oil rig builder, rose as much as 3% on Wednesday after it reported a 17% rise in fourth quarter net profit and an improved dividend.
The company’s shares will resume trading in Bangkok at 11:30 a.m.
At 10:20 a.m., shares of Cosco were down 2.2% at $2.26 with over 5.1 million shares changing hands.
The Monetary Authority of Singapore licence allows Aviva Investors to provide fund management services in the city-state to both retail and institutional clients, across segregated mandates, closed-ended and open-ended funds.
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.The following shares were among the most active in the market.
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 lost 0.1% to 3,181.15.
Fortune Real Estate Investment Trust (FRT SP): The Hong Kong-based shopping mall operator said fourth-quarter income for distribution increased 11% to HK$105.7 million ($17.4 million) from a year ago. The stock was unchanged at HK$4.05.
Singapore shares are likely to see a weak start on Wednesday after most Wall Street indices were flat overnight, as a surprise contraction in the British economy shook investors’ confidence. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.14% on Tuesday to 3,181.15 points. Here are some stocks and factors to watch:
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.
