Singapore shares are likely to open higher on Tuesday after Wall Street rose on hopes that European leaders would find a way to fix the region’s debt woes, but many investors will remain cautious in the near term.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.65% on Monday to 2,654.31 points. Here are some stocks and factors to watch:
Singapore-listed Olam International (OLAM.SI) will be in focus after saying the long-term outlook for most agricultural commodities was bright despite the threat of a demand slowdown, but weak fundamentals could drag cocoa down.
Singapore-listed Chinese candy maker Hsu Fu Chi said on Monday that 18 scheme shareholders had approved an arrangement related to the planned formation of a joint venture between Nestle and the current majority shareholders of the company.
Singapore’s Broadway Industrial said on Monday it had inked a US$1 million ($1.3 million) convertible loan agreement with a U.S. medical technology company, Insituvue Inc., which is commercializing a new medical device.
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