Singapore shares may fall on Thursday after U.S. stocks slumped on deepening risk aversion as rising borrowing costs for Italy fed fears of Europe’s debt crisis spinning out of control.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.50% on Wednesday to 2,672.39 points. Here are some stocks to watch, says Reuters.
Sembcorp Marine, the world’s second largest rig builder, may outperform the market after announcing that its unit has secured a US$291.6 million ($381.6 million) contract to build an accommodation semi-submersible rig with options for two other units.
Mapletree Commercial Trust, which invests in office and retail property assets, said on Wednesday its Alexandra Retail Centre will start operations today. The centre has a net lettable area of around 89,600 square feet.
CNMC Goldmine, which operates a gold mine in Malaysia, reported on Wednesday a net loss of US$136,439 for its third quarter, narrowing from a net loss of US$522,808 a year earlier, helped by the increase in gold production and higher gold prices.
Oil and gas firm Ramba Energy said on Wednesday it expects to raise $3.18 million through the divestment of shares in the company’s Indonesian subsidiary, PT Sugih Energy Tbk, for its exploration blocks.
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