Singapore shares are set for a cautious start on Monday as Fitch Ratings’ downgrade of Hungary’s credit rating to junk, highlighting the debt woes in the euro zone, may offset the positive jobs data from the United States.
Singapore’s benchmark Straits Times Index edged 0.09% higher on Friday to 2,715,59 points. Here are some stocks and factors to watch, says Reuters:
Singapore subway operator SMRT Corp may be in focus after the company said its Chief Executive Saw Phaik Hwa resigned and board member Tan Ek Kia will take charge until a replacement is appointed.
DBS Group Holdings, whose customers were hit by unauthorised withdrawal of funds in Malaysia, is compensating about $500,000 to clients as it investigates the biggest such scam to hit the bank.
Chinese shipbuilder Cosco Corp said on Friday its Chairman Liu Guo Yuan had resigned. Liu was replaced by Ma Ze Hua with effect from the same day.
Singapore Exchange said late on Friday it has applied for a court order to force Chinese textile maker China Sky Chemical Fibre to appoint a special auditor.
Technics Oil & Gas said on Friday it plans to spin off its subsidiaries in the contract engineering segment specialising in the marine industry, Norr Systems and Wecom Engineering, and seek a listing on the Gretai Securities Market of Taiwan.
Budget carrier Tiger Airways said on Friday it had utilised a further $10.1 million, out of the $158.4 million gross proceeds raised from its rights issue, to fund the acquisition of aircraft and associated aircraft pre-delivery payments.
No comments:
Post a Comment