Singapore shares may open higher on Tuesday, tracking gains in US stocks, but the market is likely to closely watch Italian and Spanish debt sales this week for pointers on any progress in the euro zone.
Singapore’s benchmark Straits Times Index fell 0.90% on Monday to 2,691.28 points. Here are some stocks to watch, according to Reuters:
Subway operator SMRT Corp may be in focus after the city-state’s transport minister, Lui Tuck Yew, said a probe into the train service disruptions in December may lead to a penalty review. The disruptions had affected more than 200,000 commuters. Currently, if an operator breaches the Land Transport Authority’s operating performance standards, it can be fined up to $1 million per incident.
Keppel Corp, the world’s largest oil rig builder, said on Monday it had won a contract worth around US$150 million ($194 million) from Diamond Offshore Drilling Inc to construct and upgrade a a deepwater semi-submersible rig.
Ezra Holdings said on Monday its subsea construction division, EMAS AMC, had won two contracts worth around 425 million Norwegian crowns ($91.4 million) from Statoil ASA (STL.OL) to replace chains and risers in the North Sea. The value of the contracts may be lifted to 600 million Norwegian crowns if contract options are exercised, Ezra said.
Poperty and construction firm KSH Holdings said on Monday it had secured a contract worth $110.3 million to build a condominium in eastern Singapore. The latest contract had raised the order book of KSH’s construction business to over $467 million.
Traditional Chinese medicine retailer Eu Yan Sang may buy bankrupt Australian health products retailer Healthzone, chief executive Richard Eu told Singapore’s Business Times on Monday.
CNMC Goldmine said on Monday its unit had inked a contract with a subsidiary of Xiamen Shenkun Group Co for the mining and production of silver, lead and zinc at Manson’s Lode, an area in Kelantan, Malaysia.
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