Friday, January 13, 2012

Jan 13: Sembcorp, Ezra, SIA, City Dev

Singapore shares may open higher on Friday after both Tokyo and Seoul stocks made a positive start, as sentiment was boosted by solid demand in debt auctions by Spain and Italy as well as gains on Wall Street.

The benchmark Straits Times Index fell 0.13% on Thursday to 2,743.66 points. Here are some stocks and factors to watch, according to Reuters:

Singapore-listed conglomerate Sembcorp Industries may be in focus after it said it is exploring the development of a 1,200 megawatt coal-fired power plant in Vietnam.

Oil and gas services firm Ezra Holdings has secured two contracts worth up to US$120 million ($155 million), the company said on Thursday.

Singapore Airlines and Scandinavian airline SAS are to deepen their cooperation on flights between Scandinavia and Singapore as they aim to make gains in the key Europe-Asia market.

City Developments said on Thursday that its indirect wholly-owned subsidiary, Vinemont Investments, had acquired Thailand Shareholder Investments Ltd from Real Estate Capital Asia Partners for a total of around US$157.6 million ($203.3 million).Thailand Shareholder Investments has shopping mall assets in Thailand.


 

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