Singapore shares may open higher on Friday after US stocks rose on data showing that jobless claims in the world’s largest economy fell to a 3-1/2 year-low in the latest week, helping to offset concerns about Europe’s debt woes.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.39% on Thursday to 2,635.25 points. Here are some stocks and factors to watch:
Singapore’s biggest train operator SMRT Corp may be in focus after a network breakdown in the city-state on Thursday left thousands of commuters stranded, raising criticism over the company’s handling of the disruption.
Singapore Airlines filled 67.2% of the space available on its planes for passengers and cargo in November, lower than 68.9% recorded in October, the world’s second largest carrier by market value said on Thursday.
DBS Group, Southeast Asia’s largest lender, said on Friday it has established a US$5 billion US commercial paper programme.
UOL Group said on Thursday its subsidiary had exercised an option to buy a property in the city-state called St Patrick’s Garden, which has total land area of around 137,561 square feet, for $172 million. UOL plans to redevelop it into residential apartments.
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