Singapore shares were likely to fall on Tuesday, following losses on Wall Street overnight amid concerns over a stalemate on the U.S. budget and fears that euro zone debt woes could spread to Italy.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.08% on Monday to 3,117.37 points. Here are some stocks and factors to watch:
Singapore public transport operators SBS Transit (SBVV.SI) and SMRT (SMRT.SI) may be in focus after both companies said they had submitted applications to increase bus and subway fares due to rising costs.
Palm oil firm Golden Agri-Resources (GAGR.SI) said its subsidiary PT Purimas Sasmita has acquired a 2% stake in PT Sinar Mas Agro Resouces and Technology (SMAR.JK) for about US$47.5 million ($58.3 million).
Precision stamping firm Cheung Woh Technologies (CHWO.SI) said its net profit for the three months ended May 31 fell 54.5% to $2.9 million from $6.3 million a year earlier, partly due to rising costs and expenses.
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