April 2: DBS, property stocks, APB, United Envirotech

Singapore shares may rise on Monday, helped by stronger-than-expected Chinese manufacturing data which eased worries of an global economic slowdown.

The benchmark Straits Times Index rose 0.55% on Friday to 3,010.46 points. Here are some stocks and factors to watch:

DBS Group may be in focus after it said on Monday it has agreed to buy a 67.37% stake in Indonesia’s Bank Danamon from an arm of Singapore state investor Temasek Holdings for $6.2 billion in new shares.

Property stocks may also be in focus after the Urban Redevelopment Authority releases advance estimates for private home prices for the first quarter. Several analysts said URA index may show private home prices fell in the first quarter from the last three months of 2011.

Asia Pacific Breweries said on Friday the proposed sale of its 50%-owned Heineken-APB (China) to China Resources Snow Breweries could not be completed as an agreement was unable to be reached.

Chinese water treatment firm United Envirotech said it will buy an 80% stake in two wastewater treatment plants in Fujian province, China, for 116 million yuan ($23 million).