Singapore stocks may open higher on Friday on grounds that accelerated factory activity in the US Midwest in June and a temporary solution to Greece’s debt woes could generate investor confidence at the start of a new quarter.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.32% on Thursday to 3,120.44 points. Here are some stocks and factors to watch:
CitySpring Infrastructure Trust (CITY.SI), managed by Singapore state investor Temasek, may be in focus after announcing a rights issue to raise about $210.2 million in gross proceeds to strengthen its balance sheet.
Singapore-listed China Gaoxian (CGXF.SI) said on Thursday that its special auditor PricewaterhouseCoopers has obtained evidence that its cash and bank balance as at Dec 31 last year was around 93 million yuan ($17.7 million), compared with the 1.1 billion
yuan figure announced by the company.
Singapore Telecommunications (STEL.SI) said on Thursday it had signed agreements with international banks for credit facilities worth around $3.7 billion.
Singapore conglomerate Keppel Corp (KPLM.SI) said on Thursday the head of its offshore and marine arm Tong Chong Heong would be promoted to senior executive director from July 1, a rank that puts him one level below group CEO Choo Chiau Beng.
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