Singapore stocks may fall as European debt fears resurface.
Singapore share prices ended 0.5% higher on Tuesday. The blue-chip Straits Times Index (STI) rose 15.95 points to close at 2,998.44. In the broader market, 947 million shares changed hands. Gainers outnumbered losers 195 to 142.
Here are some stocks and factors to watch:
Asia’s largest hospital operator IHH Healthcare Bhd will make its trading debut on the Singapore and Kuala Lumpur exchange in the world’s third-largest listing this year.
Singapore Exchange and Australia’s ASX said they will each establish a presence in each other’s co-location data centre. From September, SGX’s co-location data centre in Singapore will host the ASX hub, providing direct connectivity to the ASX 24 futures market based at the ASX Australian Liquidity Centre in Sydney.
SIA Engineering said its first quarter net profit rose 2.9% to $70.1 million from a year ago, helped by higher revenue from its fleet management programme and line maintenance.
Mapletree Industrial Trust reported distribution per unit of 2.26 cents for the first quarter ended June 30, 2012, a 14.1% increase from a year ago. Net property income increased 26.4% to $48.34 million from $38.24 million last year, while distributable income rose 27.1% to $36.9 from $29.03 million a year ago.
Starhill Global Real Estate Investment Trust said that its distribution per unit in the second quarter rose 3.8% to 1.08 cents from a year ago. This translates to an annualised distribution yield of 6.53%, based on Starhill Global’s closing price of $0.665 per unit on June 30.
Nordic Group said its wholly-owned subsidiary, Nordic Flow Control Pte Ltd, plans to acquire a 43,400 sq ft rectangular plot at Kwong Min Road for $3.5 million. The group plans to use the property to house its Singapore operations, which will reduce dependency on rental of existing leased premises.
CapitaRetail China Trust, which owns shopping malls, said its second quarter distribution per unit rose 12% to 2.41 cents, supported by higher shopper traffic and tenant sales.
No comments:
Post a Comment