Singapore shares may open lower on Thursday, tracking a fall in US stocks after comments from US Federal Reserve Chairman Ben Bernanke disappointed investors hoping for a strong signal on more stimulus.
The benchmark Straits Times Index rose 0.82% on Wednesday to 2,994.06 points. Here are some stocks and factors to watch according to Reuters:
Yangzijiang Shipbuilding Holdings may be in focus after announcing its fourth-quarter net profit rose 24% from a year earlier to 1.04 billion yuan ($206.8 million), helped by higher vessel deliveries and increased gross profit margin.
Palm oil firm Indofood Agri Resources will set aside US$200 million to buy palm oil, rubber and sugar assets outside Indonesia, where it currently has a big presence, as it looks to diversify future profits, a top official said.
Raffles Education said on Thursday it had agreed to sell the land use rights related to four land parcels and some properties in China's Langfang Development Zone to Langfang Fenghe International Golf Club Co. for 1 billion yuan ($200 million).
United Overseas Bank said on Thursday it plans to issue 2.25% fixed rate senior notes with a size of US$500 million due 2017. UOB, Australia and New Zealand Banking Group, Credit Suisse (Singapore) and Nomura Singapore have been appointed as joint lead managers and joint bookrunners, while CIMB Bank (L) has been appointed as co-manager, for the Notes.
Lankom Electronics said on Thursday it will acquire Sinocom Pharmaceutical Inc, a pharmaceutical wholesaler and distributor in China, for around $298.4 million.
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