Saturday, December 4, 2010

Singapore Active Stocks: Golden Agri, Osim, United Engineers, Osim

Singapore's Straits Times Index has climbed to a high. These are some of the active stocks in the STI.

Golden Agri Resources Ltd is the world's second biggest palm-oil producer. It climbed to close at around 75 cents

Capitaland is Southeast Asia's biggest developer. It is trading quite low now due to Government's measures to curb the sizzling hot property market. The company plans to build 3,000 residential units in China annually as part of its growth strategy. It also plans to increase the number of serviced residences in the country to 12,000 units by 2015. This is up from the current 6,000 plus serviced residences. Last done price at $3.67.

Osim is Asia's biggest maker of massage chairs outside Japan. It is seeking to list Taiwan depositary receipts. This stock has recovered quite a fair bit since its lows during the crisis years. IIFL Securities Pte, a unit of Indian brokerage Infoline Ltd has initiated coverage of this stock with a "Buy" rating and target price of $1.80. Osim climbed to close at $1.56.

United Engineers is planning to raise $72.3 million by selling shares in its engineering and construction business. Has been giving out stable dividends over the years. It climbed to close at $2.67.

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