Singapore shares may rise on Monday after a plan to toughen the euro zone's budget rules was struck, helping to restore market confidence about the region's sovereign debt crisis. Singapore's benchmark Straits Times Index <.FTSTI> fell 1.24% on Friday to 2,694.60 points. Here are some stocks and factors to watch, said Reuters:
Public transport operator SMRT Corp has submitted papers containing proposed changes to the fare structure of its taxis to Singapore's Public Transport Council, the Straits Times reported on Monday, without saying what the changes will be.
Armstrong Industrial, which makes electronic components, said flood water at two of its factories in Thailand had been pumped dry and restoration works had begun, but it expects to see a revenue loss of about $9 million to $10 million a quarter and a loss of profit of $2.2 million a quarter.Full recovery of its factories in Thailand is expected to take place from the end of the second quarter of 2012.
Mutual fund company Global Investments said two of its subsidiaries have agreed to sell their respective Boeing (BA.N) 757-200 aircraft, which will result in a net accounting gain of about US$2.65 million ($3.43 million) for the year ending 2013.
Popular Holdings, which owns a chain of bookstores, said its net profit for the six months ended Oct 31 was $14.3 million, up 33% year-on-year, driven partly by higher sales from its property development and retail and distribution businesses.
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