Singapore shares ended higher on Monday. The ST Index closed up 15.22 points, or 0.51%, at 3,004.50. Here are some stocks and factors to watch this Tuesday morning:
Straits Trading has signed non-binding agreements that may lead to the sale of most of its hotel operations to the Far East Organization property group, the companies said on Monday.
At least 100 Chinese bus drivers in Singapore, employed by SMRT Corp, refused to go to work on Monday to protest against changes to their employment terms, media reported, in a rare show of defiance in a city-state where industrial action is almost unheard of.
Keppel T&T said its wholly owned subsidiary will develop a logistics park in China's Anhui province through a joint venture with three other companies. Keppel will have a 60 percent stake in the joint venture.
Heng Chiang Meng, the chairman of Macquarie International Infrastructure Fund (MIIF), has wrote an open letter to shareholders urging them to follow its board recommendation and vote down the resolutions at next week's special general meeting (SGM).
BRC Asia, one of the largest prefabricated steel reinforcement providers in Singapore, reported net profit of $16.5 million for its financial year ended 30 September 2012 (FY2012), 9% higher compared to a year ago.
Pacific Andes Resources Development, the global frozen fish supplier with an integrated supply chain, says achieved a net profit attributable to owners of the company of HK$627.7 million ($99 million) for the full year ended 28 September 2012 (FY2012) despite a slight reduction in revenue.
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