Singapore shares may see a weak start on Friday following losses on Wall Street after the U.S. Federal Reserve chairman backed off hints that additional near-term stimulus could be on the way.
Singapore’s benchmark Straits Times Index <.FTSTI> finished 0.01% higher on Thursday at 3,088.70 points. Here are some stocks and factors to watch:
The world’s second-largest rig builder Sembcorp Marine (SCMN.SI) may be in focus after it said on Thursday its subsidiary has secured a nearly $600 million contract for an integrated processing and living quarter platform.
CapitaRetail China Trust (CRCT.SI), which owns shopping malls in China, said on Friday its net property income in the second quarter rose 11.3% to 108.1 million yuan ($20.3 million).
Oil and gas services firm Ezra Holdings (EZRA.SI) said it has won three letters of award worth US$85 million ($103.5 million) for providing subsea services to oil and gas firms. However, its net profit for the third quarter fell 75% to US$6.6 million from US$26.3 million a year ago, due to higher expenses resulting from its expansion.
Telecommunications firm M1 (MONE.SI) said its second-quarter net profit rose 5% to $42.8 million from $40.8 million a year ago, boosted by higher mobile and broadband revenue.
Budget carrier Tiger Airways (TAHL.SI) said it was informed by Thai Airways that the necessary investment approvals by Thai authorities required to proceed with its proposed joint venture with Thai Airways are still pending.
Offshore services firm KS Energy (KSTL.SI) said its subsidiary has secured two project contracts from a shipyard in China to supply rig components worth about $70 million.
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