Singapore Stock Market, shares active traded July 27 2011

Indonesia stock info - Singapore Stock Market, shares active traded July 27 2011 ; Singapore’s Straits Times Index (FSSTI) slipped 0.3 percent to 3,177.31 as of 10:02 a.m. local time. Five stocks fell for each that rose in the gauge of 30 companies.

Shares on the measure trade at an average 14.7 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. Stock symbols are in parentheses after the company name.

Sembcorp Marine Ltd. (SMM)
the world’s second-biggest builder of oil platforms, dropped 0.6 percent to S$5.41. The Singapore High Court started proceedings on a suit Sembcorp Marine filed against PPL Holdings Pte for refusing to accept a S$59.4 million ($49 million) offer it made in May 2010 for a 15 percent stake. Sembcorp claimed it had the right to buy the stake before Chinese rival Yangzijiang Shipbuilding (Holdings) Ltd., which agreed to acquire PPL Holdings at a higher price. Yangzijiang lost 0.4 percent to S$1.44.

SATS Ltd. (SATS)
the ground-handling-services provider partly owned by Temasek Holdings Pte, fell 0.8 percent to S$2.56. The company said first-quarter net income dropped 4.1 percent from a year earlier to S$42.5 million.

SIA Engineering Co. (SIE SP)
the aircraft maintenance unit of Singapore Airlines Ltd. (SIA) , declined 1.4 percent to S$4.10. The company said first-quarter net income fell to S$68.1 million from S$70.8 million a year earlier. Singapore Air, which will report first-quarter earnings tomorrow, slid 0.1 percent to S$14.70.

Singapore Technologies Engineering Ltd. (STE)
Asia’s biggest aircraft maintenance company, added 1 percent to S$3.05. The company said its ST Aerospace unit won about S$260 million of contracts in the second quarter.


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