12 Jan '11, 12am

Jan 12: CapitaMalls, Hyflux, Oxley, SingTel

(CMA SP): The owner of shopping malls in Singapore, Japan, China, India and Malaysia had its rating raised to “outperform” from “neutral” at Macquarie Group. The brokerage raised its share-price forecast to $2.24 from $2.19. The stock fell 0.5% to $1.88. Hyflux (HYF SP): Singapore’s biggest publicly traded water utility company said it won three contracts in China, valued at US$45 million ($58.3 million). Hyflux increased 1.3% to $2.34. Overseas Union Enterprise (OUE SP), a Singapore-based hotel operator, said it has established a $1 billion multi-currency medium-term note programme. The shares rose 1.2% to $3.44. Oxley Holdings (OHL SP): The property developer said it agreed to buy an office building in the Raffles Place business district for $57.1 million from City Developments (CIT SP). Oxley rose 2.5% to 41.5 cents. City Developments lost 0.2% to $12.46. Sapphire Corp....

Full article: http://theedgesingapore.com/the-daily-edge/business/24850...

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