Singapore shares may open higher on Friday after Wall Street rallied on the back of positive U.S. economic data, but the result of an Italian bond auction underscored ongoing investor concerns about the euro zone’s debt woes.
Singapore’s benchmark Straits Times Index <.FTSTI> gained 0.24% on Thursday to 2,672.78 points. Here are some stocks and factors to watch:
Singapore’s benchmark Straits Times Index <.FTSTI> gained 0.24% on Thursday to 2,672.78 points. Here are some stocks and factors to watch:
Keppel Corp (KPLM.SI), the world’s largest oil rig builder, may be in focus after its unit Keppel Offshore & Marine secured contracts worth a total of $150 million from international customers.
With the latest contracts, new orders for Keppel Offshore & Marine year-to-date hit a record high of around $10 billion, with deliveries extending to 2015, the company said in a statement.
Neptune Orient Lines, which owns the world’s sixth biggest container shipping firm, said its chairman, Cheng Wai Keung, will retire after the board’s annual general meeting in April 2012.
Tiong Woon proposed on Thursday a one-for-four rights issue at $0.11 per rights share, representing a discount of 48.8% to its closing price of $0.215 on Wednesday.
Otto Marine said on Thursday its subsidiary had agreed to sell its entire 49% stake in West African Invest, its joint venture with Swiss Overseas Invest, for US$26.6 million ($34.6 million).
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