Singapore share prices ended 1.3% higher on Monday on China's upbeat export data and hopes that the US central bank would delay, or be less aggressive in, tapering its monthly bond purchases. The blue-chip Straits Times Index (STI) gained 39.8 points to end at 3,088.20. Here are a few stocks to watch this Tuesday morning:
Events food caterer Neo Group has posted 23.2% higher revenue of $23.1 million and 293.6% higher earnings soaring of $2.8 million for the six months ended 31 July 2013, , underpinned by the strong performance in the food catering business arising from the increase in social catering events.
Sunpower Group, the China-based heat transfer technology specialist, announced that it has secured a contract of RMB85.1 million ($17.8 million) with Shenhua Group to supply zero liquid discharge technique and key equipment for salty wastewater treatment, and flare system engineering, procurement and construction service for a methanol downstream processing project.
China Minzhong Food Corp's Ba3 rating has been put on review for upgrade following news that Indonesia's PT Indofood Sukses Makmur Tbk now owns more than 50% of the Chinese vegetable processor.
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