Singapore Stocks to watch July 25 2011, CapitaLand, Global Logistic, Nera Telecom

Indonesia stock info - Singapore Stocks to watch July 25 2011, CapitaLand, Global Logistic, Nera Telecom ; Singapore's Straits Times Index fell 0.9 percent to 3,156.01 as of 9:25 a.m. local time. All but two stocks in the gauge of 30 companies declined.

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. Stock symbols are in parentheses after the company name.

Developers: Shares of the nation's biggest real-estate companies declined on concern the government will introduce additional measures to curb property prices after government data released last week showed the growth in housing prices in the second quarter moderated. "We believe any further upside in private residential prices would risk further tightening as the government reins in on the housing affordability issue," DMG & Partners Securities Pte said in a note to clients.

CapitaLand Ltd. (CAPL SP), Southeast Asia's biggest developer by market value, slipped 1.4 percent to S$2.91. City Developments Ltd. (CIT SP), the second-largest homebuilder in the city-state, dropped 2.1 percent to S$10.70. Keppel Land Ltd. (KPLD SP), the real-estate company partly owned by Keppel Corp. (KEP SP), fell 1.8 percent to S$3.77.

Global Logistic Properties Ltd. (GLP SP),
the operator of warehouses in China and Japan, slipped 1 percent to S$2.02. The company didn't breach the Securities and Futures Act when it failed to disclosed in its prospectus a competition arrangement with ProLogis Inc., the Monetary Authority of Singapore said on July 22. The regulator won't take action against the company, it said.

Nera Telecommunications Ltd. (NERT SP)
a supplier of wireless equipment to the telecommunications industry, fell 1.3 percent to 38 Singapore cents. The company said second-quarter net income declined 16 percent to S$2.5 million ($2.1 million) from a year earlier.

SATS Ltd. (SATS SP),
the ground-handling services provider partly owned by Temasek Holdings Pte, lost 0.8 percent to S$2.60. The company said Chief Executive Officer Clement Woon resigned to pursue his "personal interests." Tan Chuan Lye, executive vice president, was named as the acting CEO while the company starts a global search.


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