Singapore’s benchmark Straits Times Index (.FTSTI) jumped 2.11% to 2,880.48 points on Monday.
Singapore stocks are expected to gain on Tuesday, along with other Asian markets, relieved by the US$1 trillion package to contain the European sovereign debt crisis.
US stocks racked up their biggest one-day gain on Monday in over a year as an agreement on the emergency rescue package from the EU quelled fears a new credit crisis would derail European economies. Here are some stocks and factors to watch:
Aberdeen Asset Management Asia recently bought a small stake in Southeast Asia's largest bank DBS, saying new CEO Piyush Gupta has embarked on a strategy that may succeed in realising its potential.
Singapore-listed budget carrier Tiger Airways said on Monday it carried 45% more passengers in April compared to a year ago, lifting its load factor to 84% last month from 81 percent in April 2009.
Health supplement maker Cerebos Pacific reported on Monday a 82% jump in its second quarter net profit to $22.6 million, helped by higher operating margins and lower finance costs.
Sarin Technologies, the manufacturer of precision technology products for the processing, evaluation and measurement of diamonds and gems, says net profit for the quarter ended 31 March 2010 hit (1QFY2010) hit US$4.4 million ($6.1 million) compared to the net loss of US$2.5 million in 1QFY2009.
FJ Benjamin, the purveyor of luxury fashion and watches, says net profit after tax was $3 million in 3Q of FY2010 compared to a net loss of $1.9 million in the previous corresponding quarter.
8Telecom International Holdings Co., the telecommunications infrastructure developer and equipment manufacturer based in Zhejiang province in China, announced a 73.4% y-o-y jump in 1Q2010 net profit attributable to shareholders to RMB6.5 million ($1.3 million).
OKP Holdings, the infrastructure and civil engineering company, says the group posted a revenue of $33.9 million and net profit after tax of $3.5 million for the first quarter ended 31 March 2010 (1QFY2010), up 14.5% and 10.1% compared to the same corresponding quarter a year ago respectively.
China Paper Holdings, the manufacturer of mixed pulp paper and paper chemical products, says net profit grew 12% to RMB26.3 million ($5.3 million) for the 3 months ended 31 March 2010 (1QFY10) compared to the corresponding period in FY09.
Trek 2000 International, the manufacturer of USB flash memory drive, has reported higher net profit after tax to US$0.3 million ($0.4 million) in the first quarter ending March 31 2010 (1Q FY10) from US$0.1 million in 1QFY09.
Gems TV Holdings, the shopping channel which sells gemstone jewellery it designs and manufactures, recorded a net loss after tax of $22.1 million in 9M10, a 47% improvement from the performance in the nine months ended 31 Mar 2010 (9M09).
Sembcorp Industries said on Monday that Koh Chiap Khiong will be promoted to group chief financial officer from July 1, replacing Lim Joke Mui who will retire on June 30.

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