Apr 21: Transcu, Olam, SIA

Singapore shares ended flat on Thursday ahead of a three-day weekend starting Friday. The blue-chip Straits Times Index (STI) pared early gains after data showed non-oil exports in March were weaker than expected. The STI gained 0.02% or 0.60 point to end at 3,253.80. Here are some stock to watch this morning:

Transcu Group has signed an agreement for potential reverse take-over of Straits Construction Group for a purchase consideration between $325–$338 million which will be satisfied by issue of new Transcu shares of $0.50 per share, post-consolidation.

The independent directors of Olam International said they view the takeover offer from Temasek Holdings as "fair and reasonable" after taking into account the recommendations of independent financial adviser Rothschild (Singapore).

The Competition Commission of Singapore (CCS) has given the green light for the proposed strategic alliance between Singapore Airlines (SIA) and Air New Zealand to go ahead.

Capitacommercial Trust (CCT) has posted a 7.2% year-on-year increase in distribution per unit (DPU) for the first quarter to 2.08 cents.