Tuesday, December 20, 2011

Dec 20: GLP, SembMarine, Noble

Singapore shares may open lower today on renewed concerns about the euro zone. The benchmark Straits Times Index fell 1.55% on Monday to 2,618.09 points. Here are some stocks and factors to watch, says Reuters:

Global Logistic Properties may be in focus after the company said it was teaming up with China Investment Corp to buy 15 logistics facilities in Japan for US$1.6 billion ($2.1 billion), in what will be the Chinese sovereign wealth fund's maiden foray into Japanese real estate.

Sembcorp Marine, the world's second-largest oil rig builder, said its subsidiary Sembawang Shipyard had won a US$140 million ($183 million) vessel conversion contract from Equinox Offshore Accommodation. Separately, Sembcorp announced on Tuesday the ground-breaking of Estaleiro Jurong Aracruz, its new shipyard in the state of Espirito Santo, Brazil.

Commodities firm Noble Group said on Tuesday its Australian-listed subsidiary Gloucester Coal had requested a trading halt ahead of an announcement related to "a possible change of control transaction”. Gloucester asked for the trading halt to remain until Dec 22.

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