Singapore shares closed lower on Monday. The ST Index ended down 4.21 points, or 0.14%, at 3,065.74. Here are some stocks and factors to watch this Tuesday morning:
Singapore's Keppel Corp., the world's largest oil rig builder, said on Tuesday it had signed a contract with Ukraine state energy firm Naftogaz to build two semi-submersible drilling rigs worth about US$1.2 billion ($1.5 billion).
SMRT CEO Desmond Kuek met with the company's mainland Chinese bus drivers in townhall sessions yesterday. Kuek expressed his regret over last week's incident, and gave a reminder that there are right and proper channels for the drivers to air their concerns. He also assured them that their comments have been heard, and the management is looking into them.
About 90 workers at rigbuilder Jurong Shipyard, a subsidiary of Sembcorp Marine, were rushed on Monday to hospitals after a jack-up rig under construction listed to one side. The Ministry of Manpower (MOM) said one of the workers was in a critical condition while 22 were severely injured. The majority of workers were brought in with minor injuries.
Olam International bonds due 2017 rose as debt markets gave a thumbs up to the Singaporean commodities trader's fund raising plan, unveiled after an attack by short-seller Muddy Waters triggered a sell off in its stock and bonds. The Olam 2017 bonds jumped to 91/94 cents on the dollar from 89/90 after announcement of the plan, which is raising US$712.5 million through an issue of bonds with warrants to buy shares.
GEO Energy Resources appointed commodities-investment guru Jim Rogers as a non-executive director with effect from yesterday.
Yangzijiang Shipbuilding (Holdings) has clinched its first offshore oil and gas order worth US$170 million ($207 million), with an option for an identical order.
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