Singapore stocks are set to open higher on Friday after Wall Street’s rally continued and Seoul shares rose on cautious optimism.
Singapore’s benchmark Straits Times Index <.FTSTI> closed 0.07% higher on Thursday at 3,184.99 points.
Here are some stocks and factors to watch:
DBS (DBSM.SI), Southeast Asia’s largest bank, is likely to be in focus after posting a first-quarter net-profit of $807 million.
Singapore-listed palm oil firm Indofood Agri Resources (IFAR.SI) said on Friday its first quarter net profit rose 81% year-on-year to 734 billion rupiah ($104.9 million), helped by higher selling prices and sales volumes.
Lippo-Mapletree Indonesia Retail Trust (LMRT.SI) said on Thursday its first quarter distribution per unit fell 2.5% to 1.17 cents from a year earlier, hurt by the depreciation of the Indonesian rupiah.
Singapore’s Technics Oil and Gas (TECH.SI) said on Thursday its second quarter net profit rose 67% year-on-year to $5.4 million, helped by the revenue recognition of its projects and higher profit margins.
Eagle Brand (EBHL.SI), which manufactures ceramic tiles, said on Thursday that Malaysian-based offshore marine group Nam Cheong will list on the Singapore Exchange through a reverse takeover of the company for $472 million. It had requested for a trading suspension on Friday.
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