Wednesday, December 21, 2011

Dec 21: NOL, SingTel

Singapore shares may open higher today on signs of improved economic prospects in Germany and the United States, as well as a better-than-expected Spanish debt auction.

The benchmark Straits Times Index fell 0.14% on Tuesday to 2,614.45 points. Here are some stocks and factors to watch, according to Reuters:

Neptune Orient Lines may be in focus after six container shipping firms, including units of the Singapore company, agreed to create one of the largest vessel networks in the Far East-Europe trade lane to lift efficiency amid a global shipping downturn.

SingTel announced on Tuesday the commercial launch of its fourth generation (4G) mobile broadband service, which will be available to both the firm's consumer and business customers. It provides mobile internet access that is more than three times faster than existing 3G-based services, SingTel said.

Dyna-Mac Holdings, which provides services to the oil and gas industry, said on Tuesday it had secured new fabrication orders worth a provisional sum of $115 million.

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