Singapore share prices ended mixed on Wednesday amid a regional decline. The blue-chip Straits Times Index (STI) rose 0.16% or 5.02 points to end at 3,229.91. Here are some stocks and market-related news which could impact the local market this Monday morning:
Singapore's second quarter economic growth beat expectations on strength in the service sector. Singapore's economy is coping well despite the global economic uncertainties and is likely to grow by 2.5 to 3.5% this year, Prime Minister Lee Hsien Loong said on Thursday, better than the government's earlier forecast of 1-3%.
Singapore Telecommunications (SingTel) has received two offers for its Australian satellite business in the final round of bidding, including one from US-listed Intelsat SA, three sources with knowledge of the matter said.
Singapore-listed commodities trader Noble Group’s second-quarter net profit fell 68%, with results weighed on by a loss in its agricultural division and a drop in overall margins.
Offshore support vessel builder Vard Holdings has secured contracts with DOF Subsea AS and Technip for design and construction of four pipe lay support vessels for US$1.1 billion.
The consortium of Yongnam Holdings, Changi AirportPlanners and Engineers and JGC Corporation has failed to win the bids to design, construct, operate and maintain Yangon International Airport and Hanthawaddy International Airport and their facilities in Myanmar.
Yoma Strategic Holdings said its wholly owned subsidiary, SPA Project Management. has succeeded in a tender to upgrade and operate the Mandalay International Airport in a consortium with Mitsubishi Corp and JALUX Inc. Yoma will hold a 5% interest in the joint venture through its subsidiary.
Fraser and Neave said its net profit in the quarter ended June 30 dropped 24.1% on the year to $106.6 million, while the company's revenue grew 3.8% on the year.
Ascendas Hospitality Trust said its distribution income for the first quarter of financial year 2013/14 at $10.9 million was 12% below forecast, and the distribution per unit was 1.29 cents.
Property firm UOL Group said its net profit in the quarter ended June 30 more than doubled from a year earlier to $431.4 million on higher fair value gains recognised for the investment properties of the company.
No comments:
Post a Comment