Singapore shares may edge lower on Tuesday after an early bounce at Wall Street on Osama bin Laden's death gave way to long-term doubts on the global economic recovery, with prices of oil and other commodities easing. Singapore's benchmark Straits Times Index <.FTSTI> fell 0.16% on Friday to 3,179.86 points. The Singapore Exchange was closed on Monday.
Here are some stocks and factors to watch:
Singapore-listed commodities firm Noble Group (NOBG.SI) may be in focus after South Korean sovereign wealth fund Korea Investment Corp acquired slightly over 1% in the company through a purchase from the owner.
Singapore land transport operator SMRT (SMRT.SI) said on Friday its fourth quarter net profit rose 50 percent year-on-year to $34 million mainly due to higher operating profit, but partially offset by higher income tax expenses.
Singapore Post (SPOS.SI), a postal and logistics services provider, said on Friday its fourth quarter net profit fell 9.6% to $37 million from a year earlier, hurt by higher operating expenses.
Singapore dry bulk shipping firm Courage Marine (CRMG.SI) said on Friday it expects to report a loss for the first quarter ended March 31, 2011, compared with a profit a year earlier, hurt by over-supply of vessels in Asia and low freight rates.
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