Singapore shares are set to open lower on Tuesday, following losses on Wall Street overnight on mounting political uncertainty in France and the Netherlands and on concerns of slowing growth in Europe.
The benchmark Straits Times Index fell 1.07% on Monday to 2,962.35 points. Here are some stocks and factors to watch:
Industrial conglomerate Sembcorp Industries said on Monday it has obtained approval to proceed with a US$338 million ($422 million) industrial park and 1,200-megawatt power plant in Vietnam.
Frasers Commercial Trust, which owns office assets in Asia, said on Tuesday it will sell a Singapore commercial property to a firm jointly owned by Fragrance Group and a unit of Aspial Corp for $360 million.
Frasers Centrepoint Trust, which owns shopping malls, said its distribution per unit for the second quarter rose 20.8% to 2.50 cents from a year ago, boosted by higher revenue and net property income.
No comments:
Post a Comment