Singapore’s benchmark Straits Times Index (.FTSTI) fell 0.33% to close at 2,736.17 points yesterday. US stocks rose on Monday as better-than-expected data on the manufacturing sector and earnings from Exxon Mobil boosted sentiment. Here are some SGX stocks that may see heavy trading today, say business news wires.
Rigbuilder Keppel Corp (KPLM.SI) will be in focus of investors’ radar today after it announced a US$1 billion ($1.4 million) project in Brazil yesterday, say Thomson Reuters.
Keppel, the world’s biggest oil rig builder, said on Monday it has won a $1 billion contract with a joint venture partner to build and operate a rig platform in Brazillian waters.
The contract is Keppel’s largest rig deal in over two years and will bolster the firm’s order book, which has been falling over the past year and stood at US$5.6 billion ($7.9 billion) at end-December.
ARA Asset Management (ARAM.SI), a property fund manager affiliated with Hong Kong’s Cheung Kong, moved closer to listing a logistics real estate investment trust in Singapore by setting up a new unit called ARA-CWT Trust Management. The unit is 60% owned by ARA and 40% by warehouse operator CWT (CWTD.SI). Reuters reported in January that ARA’s and CWT’s planned logistics REIT will hold about $1 billion in assets.
Budget airline Tiger Airways (TAHL.SI) yesterday reported passenger volumes rose 54% in the quarter ended Dec 31 from a year ago. The carrier’s average load factor increased to 88% from 83% a year ago.
Boustead Singapore says wholly-owned subsidiary, Boustead Salcon Water Solutions (BSWS) – the specialist in water and wastewater treatment – has been awarded $11 million in two separate contracts from the power industry.
Wilmar International, the world’s biggest palm-oil trader, says Wilmar China’s listing application to The Stock Exchange of Hong Kong has lapsed. The company says it has no current intention to submit a fresh listing application to the HKEX for the listing of Wilmar China.
United Envirotech, one of the leading membrane-based water and wastewater treatment solutions providers, says it posted a 383.6% y-o-y increase in net profit of $5.2 million in 3QFY2010.
Pteris Global says it has been awarded an $18 million contract to design and supply a Baggage Handling System and Container Handling System for Taoyuan International Airport City Access MRT System, Taiwan.

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