Singapore stocks may open higher on Wednesday as companies reported improved earnings, but gains will likely be kept in check by debt concerns in Europe and the United States as well as new signs of inflation pressures in China.
Singapore's benchmark Straits Times Index <.FTSTI> fell 0.60% on Tuesday to 3,125.37 points.
Here are some stocks and factors to watch:
Singapore property developer Keppel Land (KLAN.SI) may be in focus after it said its first quarter net profit rose 46% year-on-year to $92.1 million, lifted by higher contributions from property trading and K-REIT Asia, as well as gains from selling Keppel Digihub.
Singapore-listed coal miner Straits Asia Resources (STRL.SI) said on Tuesday its first quarter net profit surged 269% year-on-year to US$41.4 million ($51.5 million), mainly due to higher volumes from its Sebuku mine and increased coal prices.
United Overseas Bank's (UOBH.SI) Singapore-based head of investment banking, Tay Tong Poh, has resigned, banking sources said on Tuesday. Tay, an executive vice president of investment banking and a member of the bank's management committee, reported to Wee Ee Cheong, UOB's CEO and deputy chairman.
Singapore's AIMS AMP Capital Industrial REIT (AART.SI) said on Tuesday its fourth quarter distributable income rose 43% to $11.3 million from a year ago, helped by contribution from the six properties it acquired since January 2010.
Singapore-listed Renewable Energy Asia Group (REAG.SI), which invests in wind farms, said on Tuesday its chief financial officer Yap Koon Loong had resigned effective April 30 to pursue other career or personal developments.
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