Singapore shares may have a cautious start on Monday after U.S. stocks closed weaker, with Singapore Telecommunications and Singapore Airlines likely to be in focus.
SingTel, Southeast Asia’s largest telecoms firm, said on Monday it will set up a new organisational structure focused more on products than geographical divisions and will buy Amobee Inc, a U.S.-based mobile advertising solutions firm, for US$321 million ($399 million).
SingTel, Southeast Asia’s largest telecoms firm, said on Monday it will set up a new organisational structure focused more on products than geographical divisions and will buy Amobee Inc, a U.S.-based mobile advertising solutions firm, for US$321 million ($399 million).
Singapore Airlines said on Friday it will raise its fuel surcharge for tickets issued on or after March 8 due to persistently high fuel prices.
The benchmark Straits Times Index rose 0.49% on Friday to 2,993.49 points. Here are some stocks and factors to watch:
Keppel Corp, Sembcorp Marine. Norway’s Statoil is tendering for at least two new jack-up drilling rigs at up to US$500 million each as it seeks more effective, standardised equipment to work Norway’s oilfields in a tight rig market not geared to its needs.
Mapletree Logistics Trust appointed Citigroup Global Markets Singapore and DBS Bank as joint lead managers and bookrunners to consider an issuance of Singapore dollar denominated perpetual securities.
Berlian Laju Tanker, which had announced a standstill on payment of its debts, said on Friday it appointed an advisory firm to come up with a restructuring plan.
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