Singapore shares are likely to open higher on Monday, buoyed by hope that European policymakers will work on new ways to tackle the euro zone’s debt troubles.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.80% on Friday to 2,698.80 points. Here are some stocks to watch:
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.80% on Friday to 2,698.80 points. Here are some stocks to watch:
Singapore property firm Orchard Parade (ORCH.SI) may be in focus after its joint venture with Boo Han Holdings won a tender for a land parcel at Robinson Road/Cecil Street in the city-state at a price of $311.8 million.
Singapore budget carrier Tiger Airways said on Friday it had finalised the agreements to buy a 33% stake in Indonesia’s Mandala Airlines, which is currently undergoing financial restructuring.
Singapore’s Keppel T&T said on Sunday it had signed a 50-50 joint venture agreement with Sinotrans to develop and operate a port along the Yangtze River in China. The JV will have an initial registered capital of 280 million yuan ($55.9 million).
Singapore-listed China Environmental Resources said on Friday it is expected to post “significant losses” for the year ended June 30, compared to a profit a year earlier, mainly due to the impairment of goodwill from acquisitions as well as of patents.
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