Singapore shares may see a weak start on Wednesday after Wall Street indices ended mostly lower overnight amid falling commodity prices and fears that US corporate earnings will not live up to expectations.
Singapore's benchmark Straits Times Index <.FTSTI> fell 0.83% to 3,153.57 points on Tuesday. Here are siome stocks and factors to watch:
Shares of casino operator Genting Singapore (GENS.SI) may be in focus after rival Las Vegas Sands Corp (LVS.N) reported lower-than-expected quarterly profit at its casino-resort in the city-state, Marina Bay Sands, sending shares of the company down 10%.
Neptune Orient Lines (NEP.SI), the world's seventh largest container shipping firm, said on Tuesday it carried 12% more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.
Property developer Wing Tai Holdings (WTHS.SI) said its third quarter net profit more than doubled to $59.5 million from $23.2 million a year ago, helped by higher sales from its residential units.
Frozen fish supplier Pacific Andes Resources Development (PACF.SI) said on Tuesday it has applied to the Taiwan stock exchange and the central bank to issue Taiwan depository receipts (TDR). It expects to issue about 228 to 285 million TDRs at NT$18 (77 cents) each.
Yamada Green Resources (YAMR.SI) said its net profit rose 17.6% in the first quarter to 63.1 million yuan ($11.9 million) compared to the year-ago period, helped by higher orders for processed food products and mushrooms.
Electronics contract manufacturer Hi-P International (HIPI.SI) said it swung to a net profit of $17.9 million in the first quarter, compared to a loss of $14.2 million a year ago, due to higher sales from projects.
The Straits Times newspaper reported that a former director of Pacific Healthcare (PAHH.SI), Martin Huang, said in a letter to the Singapore Exchange that he had been voted off the board after he complained about a potential lack of corporate governance at the board level of the company.
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