Singapore shares may open higher on Monday, after positive consumer sentiment and new home sales data in the US helped to push the S&P 500 to its highest level in four years.
The benchmark Straits Times Index rose 0.33% on Friday to 2,978.08 points. Here are some stocks and factors to watch, according to Reuters:
Singapore property and hotel firm UOL Group may be in focus after it posted on Friday a 12% drop in full-year net profit, mainly due to higher taxes and lower fair value gains, and said it was cautious about prospects in 2012.
Palm oil firm First Resources said its fourth quarter net profit rose 10.4% to US$77.8 million ($97.8 million) from a year ago, driven by higher palm oil prices and sales volumes.
Property firm SC Global said it booked a net loss of $18.6 million for the three months ended December, compared to a net profit of $45.3 million a year ago, hurt by lower property sales.
Venture said its fourth quarter net profit fell 30% to $38 million from $54.2 million a year ago, weighed by lower sales.
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