Singapore shares may open higher on Friday after Wall Street rose overnight following better-than-expected US data that showed improving labour market conditions in the world's largest economy.
Singapore's benchmark Straits Times Index fell 0.02% on Thursday to 3,025.84 points. Here are some tocks and factors to watch, says Reuters:
Singapore Airlines may be in focus after its February load factor rose from a month earlier. SIA filled 66.6% of the space available on its planes for passengers and cargo in February, higher than the 65.5% reported in January but lower than the 66.9% a year earlier.
Private home sales in Singapore, excluding executive condominiums, rose 29% in February to 2,413 units from the previous month, the Urban Redevelopment Authority said on Thursday, indicating demand for residential properties was still robust.
The Singapore Exchange is proposing changes to the reporting and registration of Negotiated Large Trades (NLTs) in the derivatives market by enabling the registration of NLTs through the QUEST trading system and by extending the registration hours on the eNLT system to 8 p.m.
Singapore-listed Chinese shipping firm Cosco Corp is the most expensive of 116 stocks in Singapore tracked by at least three analysts, data from Thomson Reuters StarMine shows. The stock is trading at 1.45 times its mean price target of $0.82 and scores badly on valuation metrics with a value-momentum score of 6 on a scale of 1 to 100.
Singapore-listed Australian based fabrication, construction and integrated service firm AusGroup formalised a contract announced last year worth A$160 million ($213 million)with Karara Mining. The project is now in its construction phase after the early work contract last March.
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