Singapore shares are likely to open higher on Friday on the back of encouraging US economic data, though gains could be capped as the Straits Times Index had risen for three consecutive sessions and may be due for a correction ahead of the weekend.
The benchmark Straits Times Index edged 0.07% higher on Thursday to 2,713.02 points. Here are some stocks and factors to watch, says Reuters:
DBS Group Holdings, Singapore's biggest bank, may be in focus after saying it is investigating complaints from about 200 customers of unauthorised withdrawals of funds in Malaysia.
Chinese shipbuilder Cosco Corp said on Thursday it had won a contract worth over US$220 million ($284 million) from an Asian company for two offshore construction vessels.
Shopping mall developer CapitaMalls Asia said on Thursday it has doubled the size of its retail bond offering to $400 million after institutional investors showed strong interest.
Semiconductor firm STATS ChipPAC said on Thursday its new factory in the city-state will expand its manufacturing capabilities for advanced wafer level technologies. The firm also expects to invest an additional US$220 million ($284 million) in Singapore over the next few years.
Textile manufacturer China Sky Chemical Fibre failed to meet a deadline set by Singapore Exchange to appoint a special auditor, in a rare display of defiance by a listed company in the city-state.
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