Singapore shares were set to open higher on Thursday, following gains on Wall Street overnight after the US Federal Reserve signalled it would keep monetary policy at supportive levels for some time.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.34 percent on Wednesday to 3,182.68 points. Here are some stocks and factors to watch:
Coal miner Straits Asia Resources (STRL.SI) may be in focus after it said Indonesia’s minister of forestry has issued a borrow and use license to the firm for the Northern Leases at the Sebuku mines, allowing it to begin mining work.
Rubber firm GMG Global (GMGG.SI) said on Wednesday its subsidiary in the Ivory Coast has resumed operations on April 26. It said earlier this month its plantation and processing facilities in the African country would halt operations temporarily due to a country-wide curfew after civil unrest in the country.
Singapore airport service firm Sats Ltd (SATS.SI) said it had bought a 40% stake in Saudi Arabia’s Adel Abuljadayel Flight Catering Company (AAFC) for US$18.5 million ($22.7 million).
China energy services firm Sunpower Group (SUNP.SI) said its first quarter net profit jumped 43.7% to 14.6 million yuan ($2.7 million) from 10.2 million yuan a year ago, helped by strong sales in its heat exchangers and pressure vessels segment.
Healthcare services firm Raffles Medical Group (RAFG.SI) said its first quarter net profit rose 15.6% to $10.5 million from $9.1 million a year ago, on the back of higher revenue from increasing patient load and improving operating efficiencies.
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