Not vested
Shares of XinRen Aluminum , a Singapore-listed Chinese aluminium producer, gained as much as 7.7 percent after DBS Vickers initiated coverage of the stock with a S$0.70 target price, citing the firm's cost-competitive smelting plants and planned capacity expansion.
At midday, XinRen shares were up 6.6 percent at S$0.485 with 29.8 million shares changing hands.
Source: Reuters