Shares in Singapore closed weaker on Friday. The Straits Times Index fell 8.81 points, or 0.28%, to 3,124.45. Here are some stocks to watch this Monday morning:
Fish producers Pacific Andes Resources and its indirectly owned listed unit, China Fishery, requested trading halts pending announcements. China Fishery said in May it was planning to buy shares of Peruvian fish feed firm Copeinca. Norwegian fish farmer Cermaq, which holds about 20% Copeinca’s shares, said it would not accept an offer for the stake from China Fishery.
Singapore-listed palm oil producer First Resources said on Sunday that inferences from various media reports that the company or its subsidiaries are contributing to the haze through irresponsible burning are inaccurate. It added that it adopts a strict "zero-burn" policy and deploys mechanical methods in its land clearing process.
Singapore-listed palm oil producer Golden Agri-Resources said on Saturday there were no hotspots or fires in the concessions of the company and its subsidiary, PT Sinar Mas Agro Resources and Technology Tbk.
Singapore-listed Chinese shipbuilder Cosco Corp said it had secured contracts for two accommodation units valued at over US$170 million each.
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