Singapore shares are likely to fall on Tuesday following losses on Wall Street overnight as ongoing debt problems in the United States and Europe continued to sap investor confidence.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.17% on Monday to 3,078.95 points. Here are some stocks and factors to watch:
Southeast Asia’s largest property developer CapitaLand (CATL.SI) may be in focus after it said on Monday it had sold a residential building in the Chinese capital of Beijing to Ascott Serviced Residence (China) Fund for $205.8 million.
CapitaMall Trust (CMLT.SI), a real estate investment trust managed by a unit of Southeast Asia’s biggest developer CapitaLand (CATL.SI), on Tuesday announced a 3.1% rise in quarterly distribution per unit (DPU).
Global Logistic Properties (GLPL.SI), which owns warehouses in Japan and China, said on Monday it has signed a long-term lease agreement with DHL’s Japan subsidiary. DHL will move into GLP’s property in August, which brings GLP’s overall Japan portfolio to 99% leased.
Singapore Airlines (SIAL.SI) said on Monday that Campbell Wilson will be the first CEO of the new no-frills, low-fare airline that it plans to launch next year.
K-Reit Asia (KASA.SI) said its distribution per unit in the second quarter rose 17.7% to 1.93 cents from 1.64 cents a year earlier, helped by an increase in contribution from its one-third stake in Singapore’s Marina Bay Financial Centre.
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