Singapore stocks are set to open higher on Wednesday as easing debt fears and positive US housing data are likely to boost investor sentiment. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.56% on Tuesday to 3,096.12 points. Here are some stocks and factors to watch:
Singapore’s Cambridge Industrial Trust (CMIT.SI) may be in focus after reporting a 16 % year-on-year fall in its second quarter distribution per unit to 1.036 cents. Higher rental income was offset by the divestment of certain property units, the firm said.
Anwell Technologies (ANTE.SI), an optical media products firm that has entered the solar industry, said on Tuesday it had won a contract worth around US$20 million ($24.3 million) to supply thin film solar panels for a project in India.
Singapore environmental services provider EcoWise Holdings (ECOW.SI) said on Tuesday it is currently in advanced stages of negotiations with various parties that are mainly focused on clean technology development. The firm however did not provide further details.
Treasury China Trust (TRCT.SI) said on Tuesday its chief operating officer Simon Harding-Roots has resigned effective July 28 and will be replaced by Jack Yang, who the firm said has held senior positions in several real estate companies.
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