Thursday, January 19, 2012

Jan 19: Meiban, Frasers Centrepoint Trust, Cache Logistics Trust

Singapore shares may open higher on Thursday, tracking overnight gains in US stocks, with sentiment boosted by reports that the International Monetary Fund is planning to boost its lending capacity to help countries cope with the euro zone debt crisis.

The benchmark Straits Times Index fell 0.73% on Wednesday to 2,795.40 points. Here are some stocks and factors to watch, said Reuters:

Plastic parts maker Meiban Group may be in focus after announcing it may be the subject of a takeover bid by an unnamed party.

Frasers Centrepoint Trust said fiscal first-quarter distribution per unit rose 12.8% from a year earlier to 2.20 Singapore cents, helped by contributions from its Causeway Point and Bedok Point malls.

Industrial REIT Cache Logistics Trust reported on Wednesday a 8.5% rise in fourth-quarter distribution per unit to 2.10 cents. The company's acquisition of four assets boosted the number of its properties to 10 at the end of 2011 from six at the end of 2010.

Keppel Telecommunications & Transportation said its full-year net profit for 2011 jumped 38% from a year earlier to $79.4 million, partly helped by higher contribution from its data centre business.

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