Singapore shares may rise on Tuesday, following gains on Wall Street overnight, after oil prices retreated and data showed improvement in the US housing market.
The benchmark Straits Times Index fell 1.05% on Monday to 2,946.78 points. Here are some stocks and factors to watch, says Reuters:
Palm oil company Wilmar International may be in focus after it said it had acquired a 10.1% stake in Australasian food company Goodman Fielder for $156 million.
Sembcorp Industries posted a 10.2% rise in its fourth quarter net profit to $251.9 million from a year ago, helped by higher sales from its utilities business.
Palm oil firm Golden Agri Resources said its fourth quarter net profit fell 36% to US$748 million ($939 million) from a year ago, hurt by higher fertiliser costs and export tax, as well as a fall in output of palm oil products.
PT Berlian Laju Tanker, Indonesia's largest oil and gas shipping group, said it had defaulted on six of its debt instruments, both dollar-denominated debt and local currency bonds, due this month.
Low-cost carrier Tiger Airways will start its Indonesian joint venture PT Mandala Airlines in April and gradually boost its fleet size to 10 new Airbus A320 jets over the year, Chief Executive Chin Yau Seng told Reuters on Monday.
Armstrong Industrial said its fourth quarter net profit plunged 67.3% to $2.2 million from a year ago, hurt by the shutdown of two of its factories in Thailand following massive flooding.
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