Singapore shares may open lower on Wednesday after talks to restructure Greece's debt stalled and earnings from several U.S. blue chips disappointed investors.
Singapore's benchmark Straits Times Index rose 1.36 on Friday to 2,849.38 points. The Singapore market was closed on Monday and Tuesday for the Lunar New Year holiday. Here are some stocks and factors to watch according to Reuters:
Singapore Press Holdings (SPH) may be in focus after its joint venture with United Engineers won the tender for a commercial site in northeast Singapore with a bid of $328 million. SPH, which has a near monopoly of newspaper publishing in Singapore, also runs two shopping malls in the city-state.
Engineers inspecting Airbus A380 aircraft for cracks on a part inside the wings have found similar flaws on at least one aircraft, industry sources said on Tuesday. The checks affect some 20 aircraft operated by Singapore Airlines, Dubai's Emirates and Air France.
Singapore Technologies Engineering said its electronics and marine segments have secured new contracts worth about $350 million in the fourth quarter of 2011.
Broadway Industrial Group said it expects to record a net loss for the fourth quarter due to impairment charges and operational losses caused by the Thailand flood.
Armstrong Industrial Corp said it expects to post a net loss for October-December, as flooding in Thailand had affected operations at its factories in the country.
Property developer GuocoLand said its second quarter net profit fell 67% to $12.9 million from a year ago, hurt by a drop in revenue.
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