Singapore shares are set to open lower on Tuesday after ratings agency Standard & Poor’s downgraded Italy and on worries that Greece may default on its debt.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.14% on Monday to 2,757.23 points. Here are some stocks and factors to watch:
Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.14% on Monday to 2,757.23 points. Here are some stocks and factors to watch:
Singapore construction firm Lian Beng (LIBG.SI) may be in focus after announcing its plan to spin off its engineering and concrete units for a primary listing on the Taiwan Stock Exchange. Lian Beng said the business has reached a sufficient scale to justify a separate listing.
Singapore’s Global Logistic Properties said on Monday it had set up a joint venture with Chinese logistics firm Transfar Road-Port. GLP will hold a 60% stake in the JV, which will own three assets.
Singapore-listed offshore vessel builder STX OSV said on Monday it had secured new contracts worth around NOK750 million ($165.8 million) to design and construct three trawlers for Aker Seafoods ASA (AKSE.OL).
Rotary Engineering said on Monday it had won contracts worth $110 million from July to September this year. The firm said the wins include a deal to build a petrochemical plant on Jurong Island.
Singapore container shipping firm Neptune Orient Lines reported an 8% rise in its cargo in the four weeks to Aug. 26 from a year ago, but weaker Asia-Europe and intra-Asia rates pushed its average revenue lower by 20%.
No comments:
Post a Comment