Singapore shares closed lower yesterday with the blue-chip Straits Times Index down 45.93 points to 2,887.46. Volume was 1.65 billion shares worth $1.85 billion. Losers led gainers 377 to 142. US stocks fell last night as a report showing a surprising drop in private-sector employment stoked concerns about the health of the labour market two days before the government’s key jobs data. Here are some stocks to watch, says The Edge Singapore:

ST Engineering’s aerospace arm, ST Aerospace, has been awarded a Maintenance-By-the-Hour (MBHTM) contract by Jet Airways (India) for the support of Jet Airways’ CFM56-7B engines that power Jet Airways’ and JetLite’s fleet of 67 Boeing 737 next generation aircraft. The contract is worth US$750 million ($1 billion) and will start immediately.

Boustead Singapore’s 91.7%-owned subsidiary, Boustead Projects,has been awarded a $40 million contract from Cenco Inc to design-and-build an integrated test bed facility at Seletar Aerospace Park.

TTJ Holdings, the Singapore-based supplier of structural steel, will start trading today. The company raised net proceeds of $20.1 million, selling 110 million shares at 20 cents in its initial share sale.

SBI Offshore said its Jiangyin SBI Offshore Equipment Co. manufacturing facility in Jiangyin, Jiangsu province, China, has been audited by Aker MH AS (MH), one of the world’s largest provider of drilling equipment packages, and is now qualified as a supplier to MH. SBI said it will start discussions with MH over big structural equipment types that can be fabricated and assembled in the facility — including derricks, BOP handling equipment, cranes, catwalk machines etc.

Nera Telecommunications said it has clinched orders with a total value of $21.6 million for the supply, delivery and installation of microwave radio equipment to a mobile operator in Indonesia and also a government organisation in Asia.

Japan Land warned the group expect to report a loss for the nine months ended Feb 28 2010. The group expects to show losses arising from its underlying business operations for the full year ending 31 May 2010.

Swing Media Technology Group is proposing a renounceable non-underwritten rights issue of 483,307,883 new shares at an issue price of 4.5 cents for each rights share, on the basis of one rights shares for every two existing ordinary shares held by the shareholders.

Q & M Dental Group said it is terminating the proposed acquisition of Hong Kong-based Dental Implant Surgical Centre (DISC) due to unsatisfactory results from the group’s due diligence exercise of the business and financial conditions of DISC. Based on the findings, the group has grounds to believe that there is a greater risk that the vendors of DISC will not be able to meet its profit guarantee.

Delong Holdings, the China-based steelmaker, faces “material uncertainty which may cast significant doubt about the group’s ability to continue as a going concern,” auditors PricewaterhouseCoopers LLP said yesterday. Delong expects to meet liabilities, which exceed its assets by 311.1 million yuan ($63.7 million), assuming bankers continue to provide credit and “sufficient cash” came from operations, it said.

Noble Group, the Hong Kong-based commodity supplier, said it planned to hold a special general meeting for shareholders on or around April 19 to seek their backing for a swap of the company’s Gloucester Coal in exchange for shares in Macarthur Coal. Peabody Energy Corp. yesterday offered to buy Macarthur Coal for A$3.3 billion ($4.2 billion) in cash, sparking speculation of a bidding war for the Australian coal producer.