Singapore shares are likely to open higher on Monday, in line with other Asian bourses. The MSCI Asia ex-Japan was 0.33% higher at 8:14 a.m.
Singapore’s benchmark Straits Times Index fell 0.50% on Friday to 3,010.68 points. Here are some stocks and factors to watch, according to Reuters:
Commodity firm Olam International may be in focus after it said on Monday it will invest US$183 million ($230 million) together with Gabon’s government to develop rubber plantations in the country.
Semiconductor test and packaging firm STATS ChipPAC said it expects its net revenues for the first quarter to be 9-11% lower from the previous three months due to weaker-than-expected demand.
Oil exploration firm Interra Resources said Goldpetrol, which it owns 60% of, has started drilling for oil at Chauk field in central Myanmar in January.
Broadway Industrial said its wholly-owned subsidiary has resumed production at one of its two factories in Thailand, which was shut last year due to floods in the country. The second factory will open by end of May.
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