Singapore shares may open lower on Monday, following a weak start in Tokyo and Seoul trading. Singapore’s benchmark Straits Times Index rose 2.04% on Friday to 2,905.72 points.
Sembcorp Marine has won two engineering contracts worth US$300 million ($373 million) from Exxon Mobil Corp (XOM.N) to build floating storage and offloading facilities at the Banyu Urip oilfield in Indonesia.
Palm oil firm Wilmar’s Australian sugar unit Sucrogen failed to secure enough support from Proserpine Co-operative Sugar Milling Association members for its planned purchase of Proserpine Sugar Mill, Wilmar said on Friday.
Great Eastern Holdings, the insurance arm of Singapore’s Oversea-Chinese Banking Corp, posted a 76% drop in third quarter net profit, hurt by marked-to-market losses on its investments.
Fraser and Neave said on Friday it had agreed to sell its entire 29.5% stake in China Dairy Group to Oasis Ventures, an affiliate of Shaanxi Coal and Chemical Industry Group, for around $37.9 million.
CapitaLand and its partner Hersing Corp. agreed to buy an industrial property in Singapore for $16.5 million from AIMS AMP Capital Industrial REIT.
SIA Engineering has reported a 2Q net income rose 7.1% to $71.2 million.
Singapore Post has reported a 2Q net income $30.6 million vs $39.7 million.
Singapore Telecommunications completed the sale of its internet broadband infrastructure assets to NetLink Trust for $1.89 billion.
Singapore public transport operator SMRT posted last Friday a 26% drop in second-quarter net profit due to higher energy and staff costs, and said full-year earnings may fall.
STX OSV Holdings, the offshore vessel builder, said on Sunday it had won contracts worth a total of more than 1 billion Norwegian Krones ($229 million) to construct four platform supply vessels for Island Offshore.
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