Stocks in Singapore closed 1.13% higher on Thursday. The Straits Times Index rose 34.13 points to end at 3,045.90. Here are some stocks and factors to watch this Friday morning:
Four Chinese immigrant bus drivers from SMRT Corp who organised Singapore’s first strike in nearly three decades face up to a year in prison after being charged with instigating labor unrest.
Singapore commodity trader Olam, under attack by short-seller Muddy Waters for its aggressive spending and debt levels, has sufficient cash and does not expect to tap the debt markets for at least five to six months, its chief executive said. According to a stock exchange filing, two independent directors at Olam bought a total of 400,000 shares in the company at $1.545 and $1.55 each.
ST Engineering said its aerospace arm has injected an additional $1.725 million into its engine leasing joint venture with Marubeni Corporation.
KTL Global has won orders worth around US$9.3 million ($11.3 million) from two subsidiaries of Ezra Holdings.
Asiatravel.com Holdings, the online travel and hotel reservation service provider, said it posted a net loss of $3.77 million for its fiscal year ended Sept 30, 2012, compared with a loss of $1.6 million a year ago.
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