JAKARTA, Feb 22 — South-east Asian stock markets traded mixed today amid corporate earnings results while investors awaited a rush of industry surveys to take the pulse of the global economy.
Singapore’s key Straits Times Index gained 0.1 per cent, led by resort and casino operator Genting Singapore .
Shares of Genting Singapore rose as much as 5.6 per cent to their highest level since January 5 after the company reported higher-than-expected core profit after tax for 2015.
Hong Leong Investment Bank maintained its “buy” rating on the stock, saying it expected the company’s earnings to be less volatile this year with the low base of 2015.
Singapore-based marine and offshore engineering firm Sembcorp Marine Ltd fell 2.9 per cent after closing at its highest level in nearly seven weeks on Friday.
Malaysia and the Philippines were little changed, while Indonesian stocks declined 0.1 per cent.
Indonesia’s biggest lender by assets, PT Bank Mandiri Tbk, gained 1.3 per cent ahead of its 2015 earnings results tomorrow.
Thailand is closed today for a public holiday. — Reuters
