Singapore shares may rise on Monday, tracking gains on other Asian bourses as energy and basic material stocks boosted Wall Street on Friday. Equity markets in Japan and Seoul traded higher on Monday.
Singapore's benchmark Straits Times Index rose 0.36% on Friday to 2,990.08 points. Here are some stocks and factors to watch, according to Reuters:
Mapletree Logistics Trust will be eyed after it said it will acquire two cold storage warehouses in South Korea for 63.5 billion Korean won ($70 million).
Chocolate maker Petra Foods expects global cocoa supply to meet demand in the current crop year, but stagnating cocoa output could lead to deficits in the coming years, its Chief Executive Officer said on Friday.
Food and aircraft ground handling firm SATS said it has appointed Tan Chuan Lye as its chief executive officer and president, with effect from April 1. Tan is currently the acting CEO and executive vice president of the company's food solutions business.
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