Singapore stocks may fall, hit by Spain bailout worry.
On Monday, the Straits Times Index lost 33.04 points or 1.1% lower to end at 2,982.49. In the broader market, losers outnumbered gainers 316 to 85 with 1.44 billion shares changing hands.
Here are some stocks and factors to watch:
Keppel Shipyard has secured three conversion contracts with an initial combined value of $103 million, said Keppel Corporation.
Singapore Exchange said on Monday it is improving its default management framework to protect its derivatives market against systematically destabilising events, including the possibility of multiple member defaults.
Mun Siong Engineering said on Monday it expects to report a net loss for the six months ended June 30 mainly due to lower business activity and rising operating costs, as well as margins driven down by intense competition.
Baker Technology reported record quarterly earnings of $61.3 million for the three months ended 30 June 2012 (2Q 2012) due to the recognition of the $58.2 million deferred gain on disposal of PPLH in the current quarter.
Swee Hong Engineering said it has secured a construction contract from the Land Transport Authority worth $12.8 million for the widening of Upper Paya Lebar Road from Upper Serangoon Road to Bartley Road.
United Envirotech has agreed to acquire two industrial wastewater treatment plants in Changyi City, Shandong province, China.
Sunpower Group, the China-based heat transfer technology specialist, clinched a RMB48.9 million ($9.6 million) contract from Hubei Fertiliser Company.
HLN Technologies has proposed to dispose its 100% interests in HLN Rubber Products to Chief Operating Officer Leslie Wa Kok Liang for $6.5 million.
First Ship Lease Trust reported a net loss of US$2.5 million ($3.2 million) for the second quarter ended 30 June 2012 (2QFY12) against a net loss of US$0.5 million in the same period last year.
Lorenzo International said it is expected to report a net loss for the six months ended 30 June 2012 compared to a net profit recorded in the six months ended 30 June 2011.
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