Singapore shares closed flat on Wednesday. The ST Index slipped 0.14 points to 3,011.77 after touching a low of 2,998.08. Here are some stocks and factors to watch this Thursday morning:
Singapore commodity trader Olam defended its record on accounting and acquisitions and said it had the backing of a key state investor as it seeks to counter criticism from a short-seller that has hammered its shares.
Oil rigbuilder Sembcorp Marine said it has won its seventh drillship contract worth $806.4 million from Sete Brasil Participaces S.A., which is scheduled for delivery no later than the third quarter of 2016.
Chinese shipbuilder Cosco Corp said its 51%-owned subsidiary has secured a contract from a European company to build two bulk carriers for a total of US$41 million.
United Overseas Bank’s asset management arm has entered into an agreement with Sumitomo Mitsui Asset Management to set up a 50-50 joint venture fund management company in Singapore, which will mainly expand the distribution of both companies in Asia.
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