Singapore shares are set to open higher on Monday as strong US jobs data is likely to boost investor confidence, with Japan’s Nikkei average rising in early trade. Singapore MSCI March futures were up 0.06%.
Singapore’s benchmark Straits Times Index fell 0.24% on Friday to 2,963.15 points. Here are some stocks and factors to watch, says Reuters:
Mapletree Logistics Trust may be in the spotlight after it acquired a portfolio of seven dry warehouse facilities in Japan from Goodman Japan for a total of 17.5 billion yen ($267 million).
Offshore services firm Ezra said it has raised gross proceeds of $121 million by placing 110 million new shares at $1.10 each. This represents a discount of about 8.4% to the volume weighted average price of $1.2007 on its last full market trading day up to the launch of the issue.
Medical devices manufacturer, Biosensors International Group, is spending around $82.2 million to develop a new manufacturing center and research and development centre in Singapore.
First Ship Lease Trust said two stainless steel chemical tankers, which it had previously leased to the subisidiaries of Berlian Laju Tanker, have been redelivered to the trust.
Contel Corp, an electronics contract manufacturer, said on Sunday it will divest its wholly-owned subsidiary Granpex as part of a proposed restructuring of its business in the manufacturing and sale of digital media products.
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