Singapore shares may have a cautious start on Thursday after Wall Street had a lacklustre performance, with property fund management firm ARA Asset Management and bourse operator Singapore Exchange likely to be in focus.
Singapore's benchmark Straits Times Index gained 0.10% on Wednesday to 3,005.63 points. Here are some stocks and factors to watch according to Reuters:
ARA Asset Management, part-owned by Hong Kong billionaire Li Ka-shing's Cheung Kong (Holdings), is considering the listing of what would be Singapore's first yuan-denominated property trust.
Singapore Exchange is introducing dual currency trading which will allow securities such as stocks and exchange traded funds to be traded in two different currencies.
Several Asian trading firms, including Mitsui & Co, Marubeni Corp and Noble Group, are in the running for US grain and energy trader Gavilon, which could be valued at about US$5 billion ($6.3 billion), according to sources familiar with the matter.
ST Engineering's land systems arm, ST Kinetics, said an Indian court has asked the firm to file a fresh legal challenge against the decision by the Ministry of Defence to bar it from business dealings with Ordinance Factory Board. ST Kinetics said it intends to clear its name and defend its reputation.
LMA International, which makes airway management devices for medical procedures, said on Thursday its new manufacturing facility in Kulim, Malaysia, has started production.
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