Singapore shares may fall after the Tokyo and Seoul bourses opened lower on Wednesday, weighed by concerns about China’s economic growth.
The benchmark Straits Times Index rose 0.42% on Tuesday to 3,002.73 points. Here are some stocks and factors to watch:
Airline stocks Singapore Airlines and Tiger Airways Holding may be in focus. The International Air Transport Association has cut its forecast for global airline profits this year due to a sharp rise in oil prices, saying a spike to US$150 ($190) per barrel could lead to losses as high as US$5.3 billion.
Otto Marine said on Wednesday it had secured a five-year North Sea ship chartering contract worth US$36.5 million ($46.1 million). An option to extend the contract for two more years could raise the total value to around US$52.4 million.
Offshore services firm Swiber Holdings said on Tuesday it had received approval-in-principle from the Singapore Exchange for the listing of up to 101.071 million placement shares.
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