Singapore shares may fall on Wednesday, following losses on Wall Street overnight as concerns over European debt resurfaced after yields on Italian and Spanish debt climbed.
The benchmark Straits Times Index rose 0.75% on Tuesday to 2,982.44 points. Here are stocks and factors to watch:
DBS Group, Southeast Asia's largest bank, may be in focus after it said early on Wednesday it plans to make a capital injection of 2.3 billion yuan ($460 million) to boost its fast-growing China unit.
Property firm Oxley Holdings said it will buy all seven strata commercial units in a Singapore development from Valewood Investments for $150 million.
Tiger Airways said on Tuesday it carried 455,000 passengers in March, 19% lower than a year ago. Its load factor fell 1 percentage point last month to 84%.
Oil and gas firm Interra Resources said its jointly controlled entity Goldpetrol Joint Operating Company Inc has completed a in-fill development well in Yenangyaung oil field in Myanmar as an oil producer.
China Fashion Holdings said it will issue new shares to buy oil and gas company Golden Rainbow Enterprise in a reverse takeover deal valued at $41.3 million. Golden Rainbow is wholly owned by Techwin Energy.
Chinese multimedia firm KXD Digital Entertainment, which has been caught in a police investigation, said its interim judicial managers plan to step down and the Singapore Exchange had asked it to start delisting procedures as soon as possible.
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