Singapore shares may open higher on Monday, buoyed by gains on Wall Street as healthy earnings lifted investor sentiment.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.91% on Friday to 3,194.73 points.
Here are some stocks and factors to watch:
Shopping mall owner CapitaMalls Asia (CMAL.SI) may be in focus after it said its net profit for the first quarter fell 24% to $49.1 million, weighed by a reduction in contributions from three malls that were divested to its real estate investment trusts.
South Korea’s STX Group (STXO.SI) is considering selling an additional 20% stake in Singapore-listed shipbuilder STX OSV, worth around 260 billion Korean won ($297 million) in May or June, the company said on Friday.
Budget carrier Tiger Airways (TAHL.SI) was issued a warning by Australia’s aviation safety regulator. The company said it has responded to the “show cause” letter from Australian Civil Aviation Safety Authority threatening to vary, suspend or cancel its license.
Rubber firm GMG Global (GMGG.SI) said its net profit for the first quarter more than doubled to $15.5 million from $6.3 million a year ago, on the back of a strong surge in the average selling price of rubber.
Mapletree Logistics Trust (MAPL.SI) said its net property income rose 19% in the first quarter to $54.7 million due to contributions from 14 properties it acquired last year. Its distribution per unit for the period was 1.55 cents, up from 1.50 cents a year earlier.
Sino Techfibre (SNTH.SI) said a fire outbreak at one of its production facilities in Shandong, China, caused some of its financial records to be destroyed by the fire.
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