Friday, October 5, 2012

Oct 5: ST Engineering, Global Logistic Properties, Sembcorp Marine

Singapore stocks may rise after the ECB says it stands ready to buy bonds and reports on US jobs and service industries beat economist estimates.

Share prices in Singapore rose on Thursday, with the benchmark Straits Times Index ending the day higher by 9.5 points or 0.3% at 3,086.64. Here are some stocks and factors to watch:

ST Engineering said its electronics arm had won about $166 million worth of contracts for rail electronics and satellite communications and sensor solutions in the third quarter.

Global Logistic Properties, which own warehouses in China and Japan, said on Thursday it leased 39,000 square metres to wholesale firm Arata Corp in Japan.

Rigbuilder Sembcorp Marine's subsidiary Jurong Shipyard has signed a letter of intent with Prosafe AS for the construction of a semi-submersible accomodation rig.


 

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