Singapore shares may rise on Friday after a better-than-expected decline in jobless claims in the U.S. lifted Wall Street overnight. The local market may also get a boost from positive news from rig builder Keppel Corp and commodities firm Noble Group.
Singapore’s benchmark Straits Times Index fell 0.32% on Thursday to 2,664.80 points. Here are some stocks and factors to watch, according to Reuters:
Keppel Corp, the world’s largest oil rig builder, may be in focus after it announced a contract worth around US$809 million ($1.05 billion) to design and build a semi-submersible rig for Urca Drilling BV, a unit of Sete Brasil Participações.
Commodities firm Noble Group said it will make a one-time gain of about US$200 million ($259 million) from a proposed merger between its subsidiary Gloucester Coal and the Australian unit of China’s Yanzhou Coal Mining Co.
Commodities firm Olam International said on Thursday it plans to acquire 75.2% interest in Macao Commodities Trading S.L. for 15 million euros ($25.3 million).
Electronics firm Hi-P International said on Thursday it has reached a resolution with around 200 Chinese workers who recently went on strike over a planned plant relocation.
The Singapore Tourism Board said on Thursday it has appointed a joint venture between SATS and Creuers del Port de Barcelona S.A. to operate Singapore’s upcoming International Cruise Terminal for a 10-year term.
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