Singapore stocks may end up flat as Bernanke's gloomy economic views weigh.
Singapore share prices ended flat on Wednesday, after spending some time in the red. The blue-chip Straits Times Index closed 0.1% or 2.41 points higher at 3,017.21, rebounding from an intra-day low of 3,000.58.
Here are some stocks and factors to watch:
Companies linked to Thai billionaire Charoen Sirivadhanabhakdi, including Thai Beverage, have agreed to pay $3.02 billion ($3.8 billion) to buy stakes in conglomerage Fraser and Neave and affiliated brewery Asia Pacific Breweries from Oversea-Chinese Banking Group.
Singapore Exchange announced on Thursday that it is toughening its entry criteria for companies wanting to list on its main market, a move it said was aimed at making it more attractive for larger companies to go public in the city state.
Keppel Land reported a 87.5% rise in second-quarter net profit, lifted by the property developer's high-end residential project in Singapore and K-REIT Asia, a real estate investment trust that it sponsors.
China Minzhong Food Corporation says it plans to expand its industrialised farming footprints across China. China Minzhong said this will pave the path for the increasing modernisation of the company’s agricultural operations going forward.
Raffles Education Corporation has launched the Raffles American School, its American-curriculum international school in EduCity@Iskandar. Located in Nusajaya, Iskandar Development Region in Johor, Malaysia, the school will prepare students for admission to top US and Western Universities and will be accredited by the Western Association of Schools and Colleges, USA (WASC).
Qian Hu Corporation, the ornamental fish service breeder, reported a dip of 46.7% in earnings to $532,000 for the second quarter ended 30 June 2012. Qian Hu also entered into an agreement to sell its entire 65% shareholding in Kim Kang Aquaculture Sdn Bhd to Kim Kang’s Managing Director Goh Siak Ngan and his wife Koh Guat Lee for $9.4 million.
Technics Oil and Gas said earnings increased by 1% to $7.53 million for the three months ended 30 June 2012 (3QFY2012) from $7.47 million a year ago although revenue dipped 14% to $39.5 million from $45.7 million a year ago.
Aztech Group said the group registered a turnover of $63.47 million for the 2Q2012 ended 30 June 2012, a 10.9% increase over the same period last year. Net profit attributable to shareholders for the period was $0.31 million.
Sunpower Group, the China-based heat transfer technology specialist, won a RMB47.1 million ($9.3 million) contract from Zhejiang Yisheng Petrochemical Co., subsidiary of Shanghai-listed Hengyi Petrochemical Co.
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