Wilmar, Noble, SBS Transit, SATS, UOL, Hotel Properties

SINGAPORE (Nov 11): Here are some factors and stocks that could move the market this Friday morning:

Wilmar International's 3Q earnings surged 47% to US$392.2 million ($552 million) from a year ago, thanks to lower foreign-exchange losses and gains from investment securities. Revenue also rose 4% to US$11.1 billion from the year-ago period, led by to stronger commodity prices. The counter gained three cents to close at $3.35 on Thursday.

Noble Group sunk into a net loss of US$28.1 million in 3Q, from earnings of US$24.7 million, amid constraints on working capital and a cessation of some operations as it adopts an asset-light strategy. Revenue was 38% lower than a year ago at US$11.6 billion while the group incurred US$60.2 million loss from discontinuing businesses net of tax. Shares of Noble closed 12.6% higher to 20.5 cents.

---

Related Stories

• SBS Transit and France's RATP Dev JV wins tender to operate Jurong Region Line for $750 million
• Sats to dispose of 49% of shares in Sats Saudi Arabia Company for SAR147 mil
• SIA and Sats on two different trajectories following the post-pandemic boom

---