Singapore shares are likely to rise on Tuesday, after Wall Street was boosted overnight by Federal Reserve Chairman Ben Bernanke’s signal for supportive monetary policy.
The benchmark Straits Times Index fell 0.52% on Monday to 2,974.50 points. Here are some stocks and factors to watch, says Reuters:
Neptune Orient Lines, the world’s seventh largest container shipping firm, said it plans to offer Singapore dollar (SGD) denominated perpetual capital securities. Neptune Orient has mandated DBS Bank, Hongkong and Shanghai Banking Corporation, Oversea-Chinese Banking Corporation and Standard Chartered Bank as joint lead managers for the issue.
Offshore services firm Swiber Holdings said on Monday it has secured a $273 million contract ($111.5 million) in the Gulf of Mexico.
Chinese property developer Ying Li said it has pre-sold about 86% of its residential units at Ying Li International Plaza in China at a selling price of about 10,000 yuan ($1,900) per square meter.
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