Singapore stocks may fall as after the International Monetary Fund cut its global growth forecasts.
Singapore stocks fell on Monday. The 30-share ST Index fell 31.22 points, or 1%, to 3,076.65 after hitting an intraday low of 3,072.47. Decliners outnumbered gainers 350 to 117, as trading volume rose to 1.79 billion shares.
Here are some stocks and factors to watch:
Courts Asia has announced the launch of its initial public offering (IPO) of 178 million shares at 77 cents a share. Courts Asia is offering 60 million new shares while Singapore Retail Group is offering 118 million existing shares for subscription and purchase.
TEE International said its wholly owned subsidiary, TEE Resources Sdn Bhd, has acquired a commercial land parcel in the District of Sepang, State of Selangor, Malaysia, for RM32.1 million ($12.79 million).
Ossia International said it will acquire the retail and distribution business of VGO Corporation Limited for $18.66 million, in an interested person transaction. Both companies share the same chief - Steven Goh Ching Huat - and their controlling shareholders are Mr Goh and his brothers.
Southeast Asia's largest bank DBS said on Monday this year it will be holding its board meeting in Taiwan for the first time, in a move aimed at underscoring the importance of the market to the bank. DBS Bank (Taiwan) delivered net earnings before tax of 1.23 billion Taiwan dollars ($51.6 million) for the year to end-July, up 64% from a year earlier.
JES International, a Singapore-listed Chinese shipbuilder, said it had expanded offshore by securing its first newbuild contract from a customer based in Norway for a platform supply vessel.
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