Singapore shares are likely to rise on Thursday, following overnight gains in U.S. equity on increased optimism that Greece will avoid a messy default and upbeat global manufacturing data.
Main subway operator SMRT Corporation, whose chief executive resigned last month after a spate of train breakdowns, may be in focus after it said it is investing $195 million to upgrade its signal system.
Main subway operator SMRT Corporation, whose chief executive resigned last month after a spate of train breakdowns, may be in focus after it said it is investing $195 million to upgrade its signal system.
The benchmark Straits Times Index fell 0.07% on Wednesday to 2,904.76 points. Here are some stocks and factors to watch, according to Reuters:
Frasers Commercial Trust, which owns offices, said on Wednesday its distribution per unit for October-December rose 21% to 1.51 cents, helped by higher revenue from its properties.
Property developer Tuan Sing said its net profit in the fourth quarter dropped 34% to $25.2 million, hurt by higher costs and a smaller fair value gain compared to a year ago.
Department store operator Parkson Retail Asia said it has appointed Koh Huat Lai to be its chief financial officer with immediate effect.
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