Singapore shares are set to fall on Monday after ratings agency Standard & Poor’s downgraded the credit ratings of nine euro zone countries, including France which lost its top-notch AAA status.
Singapore’s benchmark Straits Times Index <.FTSTI> gained 1.75% on Friday to 2,791.54 points. Here are some stocks and factors to watch:
Singapore’s benchmark Straits Times Index <.FTSTI> gained 1.75% on Friday to 2,791.54 points. Here are some stocks and factors to watch:
Ascendas Real Estate Investment Trust is not in talks with Mapletree Investments or any other party to invest in Pune or any other part of India, its manager said in a filing to the Singapore Exchange on Saturday.
CMZ Holdings on Saturday requested for suspension in the trading of its shares effective Monday morning. The company said the%age of shares held in public hands or “free float” of the firm had fallen below 10%.
CCM Group said on Friday it expected to report a loss for the financial year that ended Dec 31, 2011, mainly due to cost overrun for two of the company’s construction projects.
Adampak said on Friday that an estimated loss due to damaged inventories and impairment of fixed assets after the severe flooding in Thailand’s Ayutthaya region is around US$1.4 million ($1.8 million).
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