Singapore shares are set to rise on Friday following gains on Wall Street overnight as encouraging earnings from US banks and a drop in jobless claims boosted confidence.
Singapore’s benchmark Straits Times Index gained 0.57% to 2,811.20 points on Thursday. Here are some stocks to watch according to Reuters:
Singapore’s third largest property developer, Keppel Land, may be in focus after it said its fourth-quarter net profit soared 47% to $914.3 million, boosted by gains from the sale of a property asset.
Singapore Airlines: Airbus said on Thursday it had discovered more cracks in the wings of A380 superjumbo aircraft but insisted the world’s largest jetliner remained safe to fly.
CapitaCommercial Trust, which owns office assets, said on Friday its fourth-quarter distribution per unit fell by 1% to 1.92 cents from a year ago, hurt by slightly lower property income and higher expenses.
Ascott Residence Trust, which owns serviced apartments in Europe and Asia, posted a 15% fall in its fourth-quarter distribution per unit to 1.83 cents from a year earlier, hurt by higher expenses and finance costs.
Mapletree Logistics Trust, owner of warehouses and logistic assets, said its fourth-quarter distribution per unit rose 9.7% to 1.70 cents from a year ago, driven by higher rents and occupancy, as well as the acquisition of new assets.
Suntec Real Estate Investment Trust, which owns commercial assets, said its distribution income in the fourth quarter rose 23.1% to $55.3 million from a year ago, lifted by higher net property income.
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