March 13: SembMarine, Oceanus, CapitaMall Trust, Tiger Air, Lian Beng

Singapore shares are set for a higher start on Tuesday following early gains in Asian markets, with the spotlight on the Federal Reserve’s monetary policy statement due later in the day.

Stock markets in Australia, Japan and South Korea traded higher on Tuesday.

Singapore’s benchmark Straits Times Index fell 0.03% on Monday to 2,962.18 points Here are some stocks and factors to watch, says Reuters:

Sembcorp Marine may be in focus after it said it’s Jurong shipyard won a US$385.5 million ($485 million) contract to build a semi-submersible well intervention rig for Helix Energy Solutions Group Inc.

Abalone breeder Oceanus Group said it will issue 277.8 million new shares to 19 investors at $0.072 each, as part of a corporate restructuring of the firm.

CapitaMall Trust, which owns shopping centres, said it had priced an issue of US$400 million ($503 million) fixed rate notes with a tenure of six years.

Budget carrier Tiger Airways said it carried 384,000 passengers in February, 19 percent lower than a year ago. The average load factor across Asia and Australia for last month was 81%, down from 83% a year ago.

Lian Beng Group said it has established a new subsidiary, Sin Lian, as part of its plans to list its engineering and concrete business on the Taiwan stock exchange.