Monday, December 19, 2011

Dec 19: SMRT, Olam, Otto Marine

Singapore shares may open lower on Monday, as fears over the euro zone debt crisis grew after Fitch Ratings warned of possible downgrades for seven European nations last week.

Singapore's benchmark Straits Times Index <.FTSTI> rose 0.91% on Friday to 2,659.22 points. Here are some stocks and factors to watch, according to Reuters:

Singapore public transport operator SMRT Corp may be in focus after its chief executive said she was not planning to leave the company following major disruptions in its train services last week, a newspaper reported on Monday.

Commodity firm Olam International said it has completed the acquisition of Turkey's Progida Group, which exports hazelnuts, for an enterprise value of about US$38 million.

Offshore marine company Otto Marine said on Friday it had deployed another offshore support vessel in Africa, bringing the total number of vessels it has in the region's waters to five.

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