Singapore shares may be weighed down on Thursday, as US investors turned cautious after the Federal Reserve suggested additional measures may be needed to combat a weakening economy. Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.82% on Wednesday to 2,952.81 points.

DBS Hong Kong, a unit of Singapore’s DBS Group Holdings (DBSM.SI), will pay out a combined HK$651 million ($115 million) to some buyers of Lehman Brothers-linked constellation notes, the territory’s financial regulator said on Wednesday.

Singapore property: DMG & Partners has downgraded Singapore’s property sector to “neutral” due to slowing sales, massive supply in the mass market and deteriorating affordability. The broker, however, upgraded Keppel Land (KLAN.SI) to “buy”, with a target price of $4.60, making it one of its top picks among property counters.

Tung Lok Restaurants (TGLK.SI) said on Wednesday its wholly-owned subsidiary Tung Lok Millenium will cease its cafeteria operations service agreement with Resorts World At Sentosa on July 31. The firm said it does not expect the withdrawal to have any material impact on its net earnings per share or net tangible assets per share for the fiscal year ending March 31, 2011.

Ezion Holdings (EZI SP): The provider of offshore marine logistics and support services said it expects to sell a liftboat to a Middle Eastern client in the third quarter for US$78 million ($107 million) with an excess of proceeds of about $14.4 million. The stock jumped 5.3% to 70 cents.

First Ship Lease Trust (FSLT SP): The Singapore-based ship- leasing company said it has received US$6 million ($8.2 million) following re- delivery of its vessels. The stock was unchanged at 41.5 cents.

Manufacturing Integration Technology (MIT SP): The supplier of automated equipment for the semiconductor industry said it has received new orders for semiconductor equipment. The stock declined 3.5% to 14 cents.

Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities including corn and copper, rose 0.1% in New York yesterday. Noble Group (NOBL SP), a Hong Kong-based commodity supplier, advanced 1.2% to $1.74. Olam International (OLAM SP), a supplier of agricultural commodities, was unchanged at $2.65.

Palm-oil suppliers: Crude palm oil for September delivery advanced 1.2% in Kuala Lumpur yesterday. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, gained 0.9% to 54 cents. Indofood Agri Resources (IFAR SP), the palm-plantation unit of Indonesia’s biggest noodle maker, jumped 3.9% to $2.16. Wilmar International (WIL SP), the world’s biggest palm-oil trader, advanced 1.3% to $6.10.

Shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, tumbled 4.5% in London yesterday. Cosco Corp. Singapore (COS SP), the China-based shipbuilder that also operates bulk carriers, rose 0.7% $1.54. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, increased 0.2% to $12.94.