CityDev, Singtel, ST Eng, AHT, FEHT, Design Studio

SINGAPORE (Nov 10): Here are some factors and stocks that could move the market this Thursday morning:

City Developments Limited (CDL) reported a 60.1% rise in 3Q16 earnings to $170.3 million from $106.4 million a year ago. Revenue increased 14% to $922.8 million from $809.3 million in 3Q15, driven by the property development segment. CDL’s others segment reported a decrease by $7.2 million to $35.0 million in revenue, but posted a substantial pre-tax profit of $55.8 million due to gains arising from the disposal of CES. Shares of CDL closed 8 cents lower at $8.50 on Wednesday.

Singapore Telecommunications’ 2Q earnings slipped 5.6% to $972.3 million from $1 billion a year ago due to a one-off loss compared to a one-off gain a year ago. The group recorded exceptional net loss of $6 million this quarter, compared to a $55 million gain last year. The loss partly came from AIS’ handset subsidy costs for migrating its 2G-handset customers to 3G/4G. Underlying earnings though remained stable at $978 million. The counter closed 0.5% lower at $3.86 on Wednesday.

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