Singapore shares were set for a cautious start on Wednesday after an internal vote showed German Chancellor Angela Merkel may fall short of a majority in her own coalition for a crucial reform of the euro zone rescue fund.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 2.70% on Tuesday to 2,725.91 points. Here are some stocks and factors to watch:
Singapore energy, water and marine group Sembcorp Industries (SCIL.SI) will be in focus after announcing it is to sign three agreements to expand its utilities business in China’s Liaoning Province.
Singapore budget carrier Tiger Airways said on Tuesday it had received statements of no objections from Australia’s Foreign Investment Review Board for a planned rights issue that is set to raise around $158.6 million.
Singapore construction firm KSH Holdings said on Tuesday it had won a contract worth $49.9 million to work on additions and alterations to Mount Alvernia Hospital in the city-state.
Singapore-listed Sunpower said on Tuesday it had secured a US$8.5 million ($11 million) contract from JSW Steel, a steel manufacturer in India, to supply three waste heat recovery units which can help companies to reduce energy consumption.
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