October 09, 2011, 9:57 PM EDT
By Jonathan Burgos
Oct. 10 (Bloomberg) — 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 rose 1.4 percent to 2,640.30.
Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities ranging from copper to corn, fell 0.4 percent in New York Oct. 7, snapping two days of advance.
Noble Group Ltd. (NOBL SP), a Hong Kong-based commodities supplier, slipped 1.1 percent to S$1.365. Olam International Ltd. (OLAM SP), a Singapore-based supplier of agricultural commodities, gained 0.9 percent to S$2.28.
Heng Long International Ltd. (HLONG SP): LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, said it agreed to purchase 51 percent of the Singapore-based crocodile-leather tannery for S$160.8 million ($124.2 million), the Paris-based company said in a statement. Heng Long climbed 2.8 percent to 56 Singapore cents when it last traded on Oct. 5
Medi-Flex Ltd. (MDFX SP): The maker of disposal gloves said fourth-quarter net income dropped 33 percent from a year earlier to 1.7 million ringgit ($537,889). The stock slumped 12 percent to 6 Singapore cents when it last traded on Sept. 29.
Tiong Woon Corp. (TWC SP): The crane-leasing company said it won a contract to provide lifting and installation services to a refinery project being developed by Japan’s JGC Corp. in Singapore. Financial details weren’t disclosed. Tiong Woon was unchanged at 20 Singapore cents.
–Editor: Nick Gentle
To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net.
To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net
Article source: http://www.businessweek.com/news/2011-10-09/heng-long-noble-group-tiong-woon-singapore-stocks-preview.html
