Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.44% yesterday to 2,980.69 points. US stocks staged a late-day comeback last night as strong quarterly profits from consumer bellwethers like Starbucks Corp (SBUX.O) outweighed worries about Greece’s shaky finances.

Keppel Corp, the world’s largest offshore oil rig-maker, said its outlook is brightening after strong orders in the first quarter and it posted a better-than-expected 13% rise in profit.

Noble Group said it has acquired 25% stake in Mexican port terminal, Terminales Portuarias del Pacifico. The company did not disclose the financial details of the deal.

Renewable Energy Asia Group has won a $7.4 million contract to design, manufacture and supply wind turbine towers for a 49.5 megawatt (MW) wind farm located in Huaishuo, Guyang County, Inner Mongolia.

Cheung Woh Technologies reported revenue of $124 million for the year ended 28 February 2010, an increase of 36.7% as compared to the previous financial year. Profit after tax was $15.2 million, 208.5% higher then the previous financial year. The strong results released by the group were mainly due to a healthy recovery in hard disk drive demand and China’s robust car industry, coupled with the operational strength and cost control measures taken.

Courage Marine Group has signed a Memorandum of Agreement to buy a pre-owned panamax size vessel for about US$13 million ($17.8 million). The purchase of the 67,000 deadweight tons vessel will be funded via internal resources. Delivery of the vessel is expected by 2Q2010.

First REIT reported a 1.3% rise in first-quarter distributable income to $5.2 million for the period ended 31 March 2010. This was achieved on the back of a 0.6% increase in gross revenue to $7.5 million. DPU rose 1.1% to 1.90 cents.

Aztech Group posted a revenue of $49.7 million and net profit of $1.56 million for Q1 2010. The group saw a 26.5% decline in turnover compared to the same period last year mainly attributable to the lower revenue recognition for Materials Supply business.

BH Global Marine reported a net profit attributable to shareholders of $3 million for the first quarter ended 31 March 2010. Revenue declined by 16% from $22.8 million to $19.2 million, mainly due to the lower contribution under the Supply Chain Management segment.

Mapletree Logistics Trust reported a net property income of $45.8 million for the first quarter ended March 31. But amount distributable rose 7.8% over the same period to $30.8 million. The available distribution per unit in Q1 was 1.5 cents, up 2% from 1.47 cents in the same period last year.

Frasers Commercial Trust said total distributable income rose 167% to $14.5 million for Q2 FY2009/2010, from $5.4 million a year ago. Of the amount, $4.4 million will be distributed to holders of the trust’s convertible perpetual preferred units. Distributable income to unitholders increased by 82% to $9.9 million. This translates to distribution per unit of 0.32 cents, up by 78% from a year earlier.

Baker Technology reported net profit for the three months ended March 31, 2010 fell 60% y-o-y to $2.45 million. For the first quarter, the group’s revenue fell 66% at $6.21 million as projects were postponed during the global credit crunch. The group is evaluating an offer by Yangzijiang Shipbuilding Holdings Limited to buy its subsidiary, PPL Holdings Pte Ltd (PPLH) for US$155 million ($212.7 million).