Singapore shares are likely to start weaker on Monday after Wall Street dipped and Greek debt fears further stifled markets ahead of a crucial parliamentary vote due later this week. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.73% on Friday to 3,066.85 points. Here are some stocks and factors to watch:
Singapore’s Keppel Corp (KPLM.SI), the world’s largest oil rig builder, may be in focus after announcing it was on track to deliver its third rig that can operate in harsh environments to Rowan Companies (RDC.N) on time and within budget.
Singapore Exchange (SGXL.SI), Asia’s second-biggest listed bourse, will now start full-day continuous trading in the third quarter, delaying the move for the second time this year, the Straits Times reported on Saturday.
Singapore construction firm Lee Kim Tah (LKTS.SI) said on Friday that its joint venture had won a contract worth $90.388 million for a condominium development in the city-state’s River Valley area.
Singapore’s Popular Holdings (POPU.SI) said on Friday its 2011 net profit fell 24% year-on-year to $23.8 million mainly due to lower contribution from property development, though this was partially offset by better performance in retail and distribution, publishing and e-learning divisions.
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