Singapore stocks may fall after the Federal Reserve refrained from committing itself to additional stimulus at a policy meeting yesterday.
Singapore shares closed higher on Wednesday with the benchmark Straits Times Index up 14.68 points to close at 3,051.08. Volume was 1.19 billion shares worth $1.01 billion. Gainers outnumbered losers 200 to 142.
Here are some stocks and factors to watch:
OCBC, Singapore's second-largest lender, posted a 12% rise in second-quarter net profit to $648 million, helped by strong loan growth and a surge in trading income.
Cerebos Pacific received a formal proposal to seek the voluntary delisting from Suntory Beverage & Food Asia. Suntory intends to acquire all the ordinary shares in the capital of the company for $6.60 apiece.
Cosco Corporation (Singapore) posted a 13% fall in earnings to $27.61 million for the second quarter ended June 30, 2012 from $31.86 million a year earlier due to lower profit contributions from its dry bulk shipping operations.
Sembcorp Industries has started operations in its newest and largest industrial wastewater treatment facility on Jurong Island. The $40 million facility will treat 9,600 cubic metres of wastewater a day, and serve chemical and petrochemical companies in the newly developed Banyan, Tembusu and Angsana districts of the island, said Sembcorp.
Fraser and Neave and its brewing affiliate Asia Pacific Breweries have requested trading halts in their shares on Thursday, pending the release of an announcement.
ComfortDelGro said its subsidiary plans to acquire Australian bus company Deane's Bus Lines Pty Ltd and Transborder Express for A$53 million ($69 million).
Excelpoint Technology reported a 34.2% decrease in earnings to US$939,000 for the fiscal second quarter ended June 30, 2012 from last year.
Smartflex Holdings and its subsidiary Smartflex Innovation have entered into a joint venture agreement with French engineering firm, SANsystems Sarl which designs and develops high-volume manufacturing solutions for smartcard applications.
CCM Group said that its wholly-owned subsidiary, CCM Industrial, has secured two contracts worth a total of $136.43 million.
CDW Holding said its subsidiary, CD Suzhou, is selling its Suzhou factory premises to the government of Mu Du town for 56.16 million yuan ($10.9 million).
Cambridge Industrial Trust (CIT) has entered into a facility agreement totalling $40 million with Standard Chartered Bank.
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