Singapore shares may fall today, hit by a drop on Wall Street on Friday as key US indices slumped on dismal consumer sentiment data and poor revenues from Bank of America (BAC.N) and Citigroup (C.N).

Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.48% on Friday to 2,957.72 points.

Singapore’s Olam International (OLAM.SI) said it has made a NZ$109.6 million ($107.2 million) offer to buy the remaining shares in dairy farmer NZ Farming Systems Uruguay (NZS.NZ) it does not own. Olam, which owns 18.45% of NZFSU, will pay NZ$0.55 in its takeover bid.

Frasers Centrepoint, a unit of Fraser and Neave (FRNM.SI), has agreed to buy property called Starhub Centre from CapitaCommercial Trust (CACT.SI) for $380 million in cash.

BH Global Marine (BHGM.SI) said its net profit for the second quarter fell 32% to $2.71 milllion ($1.96 million) from $3.97 million a year ago, as the financial crisis resulted in slower orders and delays in some projects for the firm.

Ascendas REIT (AEMN.SI) said its net property income for the first quarter ended June 30 rose 8.2% to $87.3 million from $80.7 million in the same period a year earlier.

Juken Technology (JUKT.SI) said it expects its profit before tax for the first half of this year to exceed $3.3 million, compared with $0.29 million in the same period a year earlier. The expected rise in profit before tax is partly due to the first-time contributions from stepper motors and car clock businesses.