Singapore shares look set for a weak start on Friday as concerns over global economic growth resurface after poor US jobs data and the re-emergence of Europe’s debt woes.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.41% on Thursday to 3,158.92 points.
Here are some stocks and factors to watch:
Property developer CapitaLand (CATL.SI) may be in focus after it acquired a 40 percent stake in Surbana Corporation, a private limited company wholly-owned by Singapore state investor Temasek Holdings (TEM.UL), for a cash consideration of $360 million.
K-REIT Asia (KASA.SI) said on Thursday first quarter distribution per unit (DPU) rose 35% from a year ago to 1.79 cents, helped by contributions from recently acquired properties.
Offshore services firm Ezra (EZRA.SI) said its net profit for the three months ended February fell 23% to US$7.9 million ($9.9 million) despite booking higher revenue due to an increase in financial expenses. The company’s current order book of subsea installation and construction contracts is worth US$254 million, it said.
Ramba Energy (RAMB.SI) said it has raised $22.8 million through a share placement for the exploration and development of Ramba’s oil and gas business. The firm said it sold 43.6 million shares at $0.54 each.
The Singapore Exchange has reprimanded glove manufacturer Medi-Flex (MEDI.SI) and two of its former directors for breaches of listing rules and failures in corporate governance.
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