Singapore stocks may fall as markets hedge bets ahead of Fed, ECB.
Singapore shares closed 0.12% higher on Tuesday. The STI rose 3.60 points to 3,036.40. About 1.5 billion shares were traded. Gainers beat losers 182 to 177.
Here are some stocks and factors to watch:
Thai Beverage obtained a key waiver from the Singapore Exchange on Tuesday that will accelerate its move to become the biggest shareholder of Fraser and Neave.
CapitaLand, Southeast Asia's largest property developer, said on Wednesday its second-quarter net profit fell 3.3% to $385.9 million, hurt partly by smaller portfolio gains.
Insurance firm Great Eastern said its second-quarter net profit tumbled 31% to $81.4 million from a year ago, hurt by a weaker investment performance resulting from less favourable market conditions.
BH Global Marine reported a 49% drop in earnings to $2 million for the three months ended 30 June 2012 (2Q2012) from a year ago (2Q2011).
Yamada Green Resources said it expects the company to record a loss for the three months ended 30 June 2012 (4Q2012) compared with a profit for the corresponding three months ended 30 June 2011 (4Q2011).
The manager of Saizen Real Estate Investment Trust (Saizen REIT) said associate YK Kokkei has agreed to acquire Cosmo Reveur Sangenjaya in Tokyo for JPY 590 million ($9.4 million).
A unit of Sunpower Group signed a RMB55.1 million ($10.8 million) contract to provide four sets of waste heat boiler systems to Shanghai-listed steel producer Xining Special Steel Co.
BlackRock, Inc. has raised its stake in Keppel Corporation via an open market purchase of 602,000 shares on July 26. It now holds 5.02% of Keppel or 90,012,466 shares from 4.98% or 89,410,466 shares.
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