Political uncertainty from the US elections and China leadership change may weigh on Singapore stocks.
The Straits Times Index declined 9.06 points to end at 3,031.69. Volume was 1.61 billion shares. Losers led gainers 247 to 151. Here are some stocks and factors to watch:
Singapore's Keppel Corp said its units Keppel Subic Shipyard Inc in the Philippines and Keppel Verolme BV in the Netherlands have won contracts totalling $160 million.
Del Monte Pacific announced today higher third quarter results with sales of US$116.6 million ($143 million) and net profit of US$8.3 million, up 11% and 7%, respectively from prior year quarter.
Singapore oil rig builder Sembcorp Marine said its third-quarter net profit fell 48% to $115.5 million from a year earlier. Its net order book stood at $12.1 billion.
Parkson said its unit agreed to set up a joint venture with property developer Yoma Strategic and First Myanmar Investment Company to operate department stores in Myanmar, in a move to tap the rapidly growing retail sector in the country.
Federal International said it expects to report a net loss for its third quarter ended September due to one-off asset impairment and foreign exchange loss. The company said it will focus on growing its core trading business.
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