Singapore shares may have a cautious start on Monday following a mixed performance in US stocks, with rubber producer GMG Global likely to be in focus after reporting a 24.5% fall in first-quarter net profit from a year ago.
GMG Global reported $11.7 million in net profit for the three months ended March 31, down from $15.5 million a year earlier, partly hit by a fall in the average selling price of rubber.
The benchmark Straits Times Index fell 0.46% on Friday to 2,994.48 points. Here are some other stocks and factors to watch:
Oil and gas services firm Dyna-Mac Holdings said on Friday it had secured two new fabrication contracts from SBM Offshore N.V. and Bumi Armada Bhd at a provisional sum of US$31.6 million ($59.5 million).
Jet fuel trader China Aviation Oil (Singapore) said on Friday it had secured a US$125 million ($156 million) syndicated revolving credit facility. ABN AMRO Bank N.V., Australia and New Zealand Banking Group, Bank of Communications Co., Crédit Agricole Corporate and Investment Bank and United Overseas Bank will arrange the facility.
Gold miner CNMC Goldmine had requested on Monday for a halt in the trading of its shares pending release of an announcement.
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