Singapore shares are likely to fall on Monday after both Tokyo and Seoul stocks opened more than one percent lower, weighed by concerns about sluggish economic recovery in the United States following weaker-than-expected jobs data.
Singapore and US stocks were closed last Friday for Good Friday holiday. Here are some stocks and factors to watch:
Singapore’s Global Logistic Properties may be in focus after announcing it had leased out 52,000 square metres in Tokyo. The new leases brought GLP’s Japan portfolio occupancy rate to 98.8%, it said.
Tiger Airways said on Thursday out of the gross proceeds of around $158.4 million raised from the budget carrier’s rights issue, a further $20.3 million had been used to fund the acquisition of aircraft and associated aircraft pre-delivery payments.
Frasers Commercial Trust had entered into an agreement with Commonwealth Bank of Australia for a loan facility of A$86 million ($112 million) mainly to finance the acquisition of 50 percent interest in Caroline Chisholm Centre in Canberra.
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