Daily Updates

Aqua-Terra Supply Co. (AQUA SP): The supplier of productsand services to the oil and gas industry said it agreed to buy a51 percent stake in Amos International Pte., which providesmarine logistics services, for S$383,000 ($226,000). Aqua-Terraclimbed 1.5 Singapore cents, or 2.3 percent, to 66.5 cents.

Casa Holdings Ltd. (CASA SP): The retailer of homeappliances said it will report a ``substantial'' loss for theyear ended Sept. 30 as sales dropped after it stoppeddistributing LG Electronics Inc.'s products. Casa will also setaside a provision for losses from investments, the company said.Casa was unchanged at 5 Singapore cents.

Cerebos Pacific Ltd. (CER SP): The maker of the BrandsEssence of Chicken said profit for the three months ended Sept.30 rose 6 percent to S$14.4 million from a year earlier, helpedby increased sales. Cerebos rose 4 cents, or 1.3 percent, toS$3.08.

FerroChina Ltd. (FRC SP): The China-based maker of steelcoils said Chairman Zhang Yedong sold a 14.73 percent stake inthe company to East Grand Management Ltd. at 34 Singapore centsapiece. Zhang still controls about 30.02 percent of FerroChina,the company said. FerroChina dropped 1.5 Singapore cents, or 4.6percent, to 31 cents.

Pearl Energy Ltd. (PRL SP): The oil and gas explorer said ithas secured a rig to explore and appraise three wells in EastKalimantan, Indonesia. It plans to start the drilling program asearly as late December. Pearl fell 3 cents, or 2 percent, toS$1.49.

Singapore Technologies Engineering Ltd. (STE SP): SoutheastAsia's largest defense company said it was awarded a contractvalued at S$120 million from Singapore's defense ministry. Thecompany will supply a fleet of five helicopters and providetechnical and logistic services for 20 years. ST Engineering fell4 cents, or 1.5 percent, to S$2.60.

Singapore Telecommunications Ltd. (ST SP): Southeast Asia'slargest phone company said it appointed Allen Lew, managingdirector of consumer business at SingTel Optus Pty, as chiefexecutive in Singapore. Pat O'Sullivan, chief financial officerof the Australian unit, and Chief Operating Officer Lim Toon willleave the company next year, Singapore Telecommunications alsosaid. The stock fell 1 cent, or 0.4 percent, to S$2.40.

Sunpower Group Ltd. (SPWG SP): The China-based maker ofenergy-saving and environmental protection products said itagreed to lease a site in Nanjing for 7.1 million yuan ($873,000)for fifty years. The company plans to set up manufacturingfacilities to produce heating pipes. Sunpower slid half aSingapore cent, or 3.7 percent, to 13 cents.