Singapore stocks may dip on Wall Street drop.
The ST Index ended up 14.69 points, or 0.48%, at 3,060.36. Volume, however, weakened from Wednesday, with 1.37 billion shares valued at $1.16 billion changing hands.Here are some stocks and factors to watch:
Wilmar and US agricultural company Archer Daniels Midland Co (ADM) said they completed regulatory approvals for a partnership in the global fertiliser and European vegetable oil sectors. Separately, ADM has acquired a stake in Australian bulk grain handler GrainCorp and is seeking to open talks on a takeover that could be worth more than $2 billion.
Units of Religare Health Trust, which will own hospital-related assets managed by Indian hospital group Fortis, will begin trading on the Singapore Exchange at 2pm.
Keppel Corporation saw its third quarter 2012 net profit fall 15% to $346 million from $406 million in the same quarter last year. Revenue for the period rose 19% to $3.22 billion from $2.70 billion.
Singapore Exchange posted a 15% decline in net earnings for its first quarter as trading volumes remained sluggish despite a boost from mergers and acquisitions (M&A). The market operator said net profit attributable to shareholders slipped to $74.3 million, or 6.96 cents per share, in the three months ended September.
Second Chance Properties recorded a net profit of $30.5 million and a revenue of $64.6 million for the 14 months ended Aug 31. The company changed its financial year-end to Aug 31 from June 30. For the 12 months ended June 30, it posted a net profit of $30.1 million and a revenue of $49.1 million.
Geo Energy Resources said its initial public offering (IPO) was 2.9 times subscribed. The Indonesian coal mining firm has priced its IPO of 289.26 million shares at 32.5 cents apiece.
Dynasty REIT registered its final prospectus with the Monetary Authority of Singapore for a listing on the Singapore Exchange that may raise between $981.3 million and $1 billion.
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