Singapore shares are likely to slide on Friday following Wall Street’s losses overnight as economic and geopolitical fears in the Middle East undermined the appetite for risk, sending equity markets lower around the globe.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.56% on Thursday to 3,075.44 points. Stocks and factors to watch:
Keppel Corp (KLPM.SI), the world’s largest oil rig builder, may be in focus after it said on Thursday its shipyard unit had clinched two projects worth a total of $170 million.
Singapore’s Straits Trading Co (STCM.SI), a property and resources conglomerate, said on Thursday it is considering a secondary listing on the Kuala Lumpur Stock Exchange.
Cambridge Industrial Trust (CMIT.SI) said it plans to acquire three properties for a total of $116.8 million and has launched a $56.7 million 1-for-8 rights issue.
Capitamall Trust (CMLT.SI) said it has issued $250 million 3-year unsecured covertible bonds with an interest of 2.125% a year and a conversion price of $2.2692 per unit.
Heeton (HEET.SI), KSH Holdings (KSHH.SI), Tee International (TEEI.SI) and Zap Piling have agreed to acquire a land parcel in Singapore for $105 million via a collective sale tender.
Mapletree Commercial Trust, a real estate industrial trust managed by Singapore state investor Temasek’s (TEM.UL) property arm, has set an indicative yield of 5.2 to 5.8% for its upcoming initial public offering, IFR reported on Thursday.
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