Feb 22: Wilmar, CapitaCommercial, DBS, Hutchison

Singapore shares may drift lower on Wednesday, following weak starts in Tokyo and Seoul, with the surge in oil prices likely to weigh on transport stocks such as Singapore Airlines and Neptune Orient Line.

The benchmark Straits Times Index rose 0.13 percent on Tuesday to 3,025.07 points. Here are some stocks and factors to watch, according to Reuters:

Wilmar International, the world's largest listed palm oil firm, on Wednesday posted a better-than-expected 57% rise in fourth quarter net profit, helped by contributions from its expanded sugar operations.

CapitaCommercial Trust (CCT), a real estate investment trust, said on Wednesday it has agreed to buy an office building on the outskirts of central business district for $430 million. CapitaCommercial Trust will purchase the property from fund managed by LaSalle Investment Management Asia and Lum Chang Holdings.

DBS Bank on Tuesday sold US$1 billion of senior fixed-rate notes in the 144a private placement market, said IFR, a Thomson Reuters service.

Port operator Hutchison reported on Tuesday net profit of HK$608.2 million ($99 million) for the three months ended December, 3% higher than its forecast of HK$592.9 million.