Singapore shares are likely to open lower on Thursday after US stocks plunged more than 3% overnight as investors saw the spike in Italian bond yields as a signal that the European debt crisis had worsened.
The benchmark Straits Times Index fell 0.27% on Wednesday to 2,858.66 points. Here are some stocks and factors to watch:
Singapore Telecommunications may be in focus after it posted its sixth straight year-on-year decline in quarterly profit, hit by smaller contributions from Indian associate Bharti Airtel.
Singapore-listed commodities firm Noble Group may also be in the spotlight after reporting its first quarterly loss in more than a decade, hurt by turbulence in commodity prices as the global economy weakened. It announced on the same day that chief executive Ricardo Leiman had quit for personal reasons, and that chairman and founder Richard Elman will run the company until a successor is named.
Raffles Education Corporation, the private education provider in the Asia Pacific region, today reported net profit of $16.9 million for the first quarter of FY2012, ended 30 September 2011 (Q1FY2012), up from $2 million in the corresponding period a year ago (Q1FY2011).
Mainboard-listed property group Ho Bee Investment says profit attributable to shareholders for the three months ended 30 September 2011 (3Q2011) decreased 16% to $32.6 million from $38.8 million in the previous year (3Q2010).
Singapore shopping mall owner CapitaMall Trust on Thursday requested a halt in the trading of its shares pending release of an announcement related to its proposed private placement. The company said on Oct 31 that it planned to issue up to 139.7 million new units at between $1.79 and $1.85 each.
StarHub, Singapore’s second-biggest telecom firm, said on Wednesday its third-quarter net profit fell 7.6% from a year ago as operating expenses rose faster than revenue.
Singapore-listed Chinese developer Yanlord said on Wednesday its third-quarter net profit plunged 99% to 6.5 million yuan ($1.3 million) from a year earlier, hurt by lower gross floor area delivered to customers and average selling price per square metre, as well as greater net foreign exchange loss.
Venture Corporation has recorded a net profit of $35.4 million for the quarter ended 30 September 2011 (3Q2011). The net profit for the corresponding quarter of the prior year was $48.6 million.
KS Energy, the integrated energy services provider, today announced a 28.1% rise in revenue but closed the quarter (3Q FY11) with a net loss of $11.5 million.
Tat Hong Holdings, the world’s top crane company, today reported a 78% jump in net profit for the second quarter ended 30 September 2011 (2QFY2012) to $12.6 million from $7.1 million a year ago (2QFY2011).
{comments on}
No comments:
Post a Comment