Singapore shares may open higher on Friday after brighter corporate news lifted US stocks and debt-ladened Italy was able to fund itself at a bond auction.
Singapore's benchmark Straits Times Index <.FTSTI> fell 2.51% on Thursday to 2,786.90 points. Here are some stocks and factors to watch:
Olam International says it is planning to acquire the entire equity interest in Turkish hazelnut manufacturer and supplier, Progida Group, for 66 million Turkish lira ($63.7 million).
Casino operator Genting Singapore may be in focus after reporting adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $375.5 million in its third quarter, a 7% increase from a year earlier.
RBS said in a report that the market share of Genting's Singapore casino, Resorts World Sentosa, continued to erode quarter-on-quarter and now stood at 48%, losing its market leader status to rival Marina Bay Sands.
Founder and acting chief executive of commodities firm Noble Group, Richard Elman, said on Friday the departure of former CEO Ricardo Leiman was planned for some time and had nothing to do with the third-quarter loss. Separately, an investment firm linked to Elman's family bought 10 million of Noble shares on Thursday as the price plunged by more than a quarter, Noble Group said in a regulatory filing.
F J Benjamin Holdings says net profit after tax rose to $3.7 million in the first quarter ended 30 September 2011 (1Q 12) with double-digit sales growth in key markets.
Singapore property developer City Developments said on Thursday its third-quarter net profit fell 32.4% to $132.1 million from a year earlier, partly hurt by lower contribution from rental properties.
Southeast Asia's largest bank DBS and postal service provider Singapore Post announced on Thursday a partnership to offer basic banking services at all Singapore Post's outlets from January 3, 2012. This will enable customers to conduct banking transactions at 140 outlets in Singapore, up from DBS's 80 branches currently.
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