Singapore shares may see a weak start on Monday on continued worries over the European debt crisis following a series of political setbacks in Europe over the weekend.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.83% on Friday to 2,789.04 points. Here are some stocks and factors to watch:
Budget carrier Tiger Airways (TAHL.SI) may be in focus after Thai Airways International Pcl (THAI.BK) said on Friday it will not extend its budget airline contract with Singapore’s Tiger Airways Holdings, effectively terminating their alliance. Tiger Airways said there has been no progress in the regulatory approval of the Thai Tiger project and will make further announcement as appropriate.
Shipbuilder COSCO Corp (COSC.SI) said it has secured three contracts to construct special-purpose carriers and one optional contract valued at over US$113 million ($140 million).
Mapletree Industrial Trust (MAPI.SI), which owns industrial assets, said it has appointed Lily Ler as new chief financial officer, replacing Loke Huey Teng with effect from Nov. 1.
Offshore support ship builder Nam Cheong (NMCG.SI) said it has secured a contract worth $35.3 million to sell a vessel to the joint venture between its wholly owned subsidiary and three other companies.
CWT (CWTD.SI) said its wholly owned freight logistics business unit will acquire a 50% stake in Turkey’s Unimar Logistics for US$8.75 million ($10.9 million).
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