The Straits Times Index (STI) on Thursday ended -2.43 points lower or -0.07% to 3346.34, taking the year-to-date performance to +5.73%. The top active stocks were Sheng Siong (-4.93%), OCBC Bank (-1.43%), DBS (+0.66%), Keppel Corp (-1.18%) and Ascendas Reit (+0.85%). Here are some stocks and factors that could move the market this Friday morning:
Frasers Centrepoint said as at 7.00 p.m. (Sydney time) yesterday, its stakeholdings in Australand Property Group has reached 98.39% at the close of FCL’s offer for the latter.
Keppel Corporation said its subsidiary has entered into a sale and purchase agreement to acquire 50 shares or 10% stake in Golar Hilli Corp from Golar GHK Lessors for US$1. Separately, Keppel Shipyard said it is finalising contracts on second flng vessel conversion for Golar. The contract involves the conversion of a second Moss lNG carrier, the Gimi, into a floating liquefaction vessel. The work scope for Keppel shipyard in converting the Gimi is expected to be similar to that for the Hilli.
Temasek Holdings and state firm JTC Corp are in talks to merge four of their real estate and urban planning subsidiaries, aimed at creating a larger group that could expand in Asian cities. Under the proposed merger, JTC’s Ascendas Pte and Jurong International Holdings (JIH) will combine with Temasek’s Surbana International Consultants Holdings and Singbridge Group, the two companies said in a statement. JTC, Singapore’s state-owned industrial property developer and planner, and Temasek will be in exclusive discussions on the specific terms of the merger, the statement said.
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