Singapore shares are expected to open stronger on Wednesday following forecast-beating results by some major U.S. companies, which drove the rally in Wall Street.
Singapore’s benchmark Straits Times Index inched 0.18% lower on Monday to 2,686.59 points. Here are some stocks and factors to watch:
Singapore Exchange, Asia’s third-biggest listed bourse, posted a forecast-beating 16% rise in quarterly profit on Tuesday and said it sees growing interest from international companies to list in the city-state.
SGX reported January-March net profit of $77.8 million, compared with $67 million a year earlier when profit was partly hit by costs linked to its failed bid for ASX.
CapitaMall Trust reported a 0.4% rise in its first quarter distribution per unit to 2.30 cents.
Keppel Telecommunications & Transportations, a unit of the world’s largest rig-builder Keppel Corp, reported a 3.5% rise in its net profit to $14.4 million, helped by stronger operating profit.
Singapore Airlines, the world’s second largest carrier by market value, said its cargo arm, Singapore Airlines Cargo, will partner with Scoot to serve routes to Sydney, the Gold Coast and Tianjin. Scoot is the fully owned medium- and long-haul low-cost carrier of Singapore Airlines.
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