Dec 22: ST Engineering, Wee Hur, Nam Cheong

Singapore shares may see a weak start this morning following a lacklustre performance on Wall Street overnight, as investors worried that cut-rate loans from the European Central Bank’s recent funding operation would not be used to buy Italian and Spanish debt.

The benchmark Straits Times Index advanced 2.25% on Wednesday to 2,673.32 points. Here are some stocks and factors to watch, according to Reuters:

ST Engineering, one of the world’s largest aircraft maintenance firms, may be in focus after it said on Thursday its unit has agreed to invest US$33.3 million ($43.2 million) for a 50.1% stake in EcoServices LLC, which provides engine wash services.

Wee Hur Holdings said its property development arm has won a tender for a 99-year lease land parcel for residential use in Pungol, Singapore, for $206.2 million.

Nam Cheong, which builds offshore support vessels, said it has sold an accomodation barge worth about $34.4 million.