Singapore share prices closed firmer on Monday, helped by light bargain hunting. The ST index rose 16.61 points to 3,214.83 on a volume of 1.8 billion shares. Here are some stocks that could move the market this Tuesday morning:
Wheelock Properties and 68 Holdings, a company owned by hotelier Ong Beng Seng, is making a mandatory cash offer to buy Hotel Properties Limited (HPL) for $3.50 a share.
Keppel REIT announced a distribution per unit (DPU) of 1.97 cents for the first quarter 2014, unchanged from a year ago. The REIT reported its highest quarterly distributable income of $55.1 million, a 5.5% on-year increase in the quarter ended March 31. Its net property income also rose 14.7% on-year to $39.5 million.
Telecom firm M1 has reported a 4.4% increase in first quarter net profit to $42.8 million from a year ago. This came on the back of higher service revenue which rose 2.1 percent on-year to $203.9 million. M1 says the higher service revenue was driven by growth in mobile data usage and customer base.
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