Singapore shares may open lower on Thursday following a fall on Wall Street overnight due to anxiety over a looming German vote to strengthen a fund to help the euro zone combat its debt crisis.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.91% on Wednesday to 2,701.17 points. Here are some stocks and factors to watch:
Singapore’s CapitaMalls Asia (CMAL.SI) may be in focus after announcing it will co-develop the biggest shopping mall in Suzhou, China, at a total cost of 6.74 billion yuan ($1.3 billion). CapitaMalls Asia’s share of the development cost is around 3.37 billion yuan, which will be funded through a combination of debt and equity, the company said in a statement.
Singapore-listed Chinese shipbuilder Yangzijiang (YAZG.SI) said on Wednesday it had launched a 8,500 deadweight tonne (DWT) vessel, the first of four similar vessels ordered by Carisbrooke Shipping. Yangzijiang also has four bigger sized 10,000 DWT vessels in the order book from the same client.
The president director of SMART, a unit of Singapore palm oil producer Golden Agri-Resources (GAGR.SI), said on Wednesday that the firm is at an initial stage of discussion with Unilever to resume business.
Singapore-listed Lippo Malls Indonesia Retail Trust (LMRT.SI) had secured a $200 million term loan facility, which will be used to refinance an existing term loan of $125 million and for future asset acquisitions, the firm said.
Singapore’s Marco Polo Marine (MAPM.SI) said on Wednesday it had secured a ship upgrading contract worth around $8.5 million with an existing third-party customer.
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