Singapore shares may fall on Thursday, following losses on Wall Street overnight as weak data on European business activity fanned concerns of a recession in the euro zone.
The benchmark Straits Times Index fell 0.97% on Wednesday to 2,995.59 points. Here are some stocks and factors to watch, according to Reuters:
Neptune Orient Lines, the world's sixth largest container shipping firm, will be in focus after it reported on Wednesday a larger-than-expected quarterly loss due to high fuel costs and lower freight rates.
Casino operator Genting Singapore said on Wednesday it was looking to invest in new projects after it swung to a net profit in the fourth quarter and announced its first-ever dividend.
Singapore Airlines cut its cargo capacity by 20% as global economic slowdown led to persistent weakness in demand and high jet fuel prices piled pressure on its profitability.
Commodity firm Olam said it has launched and priced the issue of Singapore dollar denominated perpetual capital securities and will raise $275 million through the offering.
Oil and gas services firm Ezion said it plans to raise net proceeds of about $95 million through a placement of 110,000 shares at $0.88 each-- a 6.6% discount to the weighted average price for trades done on Tuesday. Most of the proceeds will go towards the acquisition of offshore and marine assets.
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