Feb 7: Noble Group, Sim Lian, CapitaMall Trust

Singapore shares may drift lower on Tuesday after U.S. stocks closed slightly lower on lingering certainty about the euro zone’s debt crisis, with Greek leaders delaying bailout talks.

Singapore’s benchmark Straits Times Index rose 0.76 percent on Monday to 2,940.10 points. Here are some stocks and factors to watch, according to Reuters:

Singapore-listed commodities firm Noble Group may be in focus after it named a former Goldman Sachs top Asian banker as its chief executive officer, easing worries over a recent spate of senior level departures.

Property development and construction firm Sim Lian said on Monday 32 of its 48 penthouses in Tampines, eastern Singapore, were sold over the first weekend. Prices start from $1.1 million for the penthouses.

The manager of CapitaMall Trust said on Monday Wilson Tan Wee Yan had been appointed as deputy chief executive officer of the company with effect from Feb 4. Tan joined CapitaMall Trust from the firm’s parent, CapitaMalls Asia.

Aztech Group said on Monday that despite an increase in revenue, it will record a loss for the fourth quarter ended Dec 31, 2011, compared with a profit a year earlier due to lower margin and higher fuel cost.