Singapore stocks may rise after the Fed said it will stoke the economy until the job market recovers substantially. On Wednesday, the blue-chip Straits Times Index ended down 0.2% or 6.20 points at 3,044.73. Here are some stocks and factors to watch:
Singapore Airlines will order five Airbus A380 aircraft and 20 more A350 planes in a deal valued at $7.5 billion, looking beyond a business slowdown that has led the carrier to stop hiring cadet pilots for now.
ARA-sponsored Dynasty Real Estate Investment Trust, Singapore's first yuan-denominated initial public offering, was suspended on Wednesday as the sponsor for the $866 million IPO said the deal was hit by weak markets.
CapitaRetail China Trust, which owns shopping malls, said it has issued 57 million new units through a private placement at $1.51, raising gross proceeds of about $86.1 million.
Supermarket operator Sheng Siong said its net profit for the third quarter rose 48.1% to $9.8 million from a year ago, helped by higher same-store sales and new store openings.
Offshore oil and gas firm Gaylin, which is making its market debut today, priced its initial public offering at $0.35, selling 110 million new shares.
Newly listed oil and gas firm Triyards said its net profit for the year ended in August jumped more than five times to US$44.1 million, helped by higher sales and additional production capacity at its shipyard in Vietnam.
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