The Straits Times Index (SGX: ^STI) broke through the ‘psychological’ 3,300-points barrier, climbing 0.75% to 3,313 points. 19 of the index’s components rose today, which helped to push the benchmark higher. Unfortunately not every share was a winner. Here then are some of today’s vanquished stocks.
SIA Engineering Company (SGX: S59) was one of today’s rare loser. Its shares slipped 0.6% to $4.77. The aircraft maintenance and repair company services more than 50 different airlines that pass through Singapore. Its third-quarter report for 2012 saw an 8% drop in quarterly turnover to S$278.2m. But profit grew by 5% to S$68m mainly due to lower operating expenses. The company had previously declared an interim dividend of S$0.07 per share during its half-yearly earnings release.
Keppel Corp (SGX: BN4) joins SIA Engineering among the ‘losers’ with a 0.6% decline to $11.22. The energy and marine engineering company announced yesterday that it had issued US$200m worth of debt that will be due in April 2020. Before the announcement today, Keppel Corp had total debts of S$7.2b and a cash balance of S$4.1b.
Elsewhere, Dairy Farm International Holdings (SGX: D01) dropped 1.9% to $12.16. The retailer’s profit fell by 7% to US$450 last year even though sales grew by 7% to US$9.8b. Despite the fall in profit, Dairy Farm hiked its dividend by 9.5% to US$0.23 per share. The company is a member of Jardine Matheson Group, a conglomerate that counts Jardine Matheson Holdings (SGX: J36) and Jardine Strategic Holdings as members of its sprawling fold.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Contributor Chong Ser Jing doesn’t own shares in any companies mentioned.