Singapore shares may be lifted on Tuesday after Wall Street rose on optimism ahead of key earnings from technology companies.
Singapore’s benchmark Straits Times Index fell 0.42% on Monday to 2,945.42 points. Here are some stocks and factors to watch:
Singapore’s Neptune Orient Lines (NOL) (NEPS.SI), the world’s fourth-largest container shipping firm, said on Monday it carried 29% more containers in the four weeks to June 25 compared to a year ago.
NOL said in a statement it shipped the equivalent of 221,900 40-foot containers (FEU) on its vessels in the period, up from 172,200 a year earlier, as trans-Pacific and intra-Asia trade recovered.
US fund manager Templeton, one of Parkway Holdings’ (PARM.SI) largest institutional shareholders, has cut its stake in the Singapore healthcare firm following a series of sales earlier this month. Templeton now owns 4.97% of Parkway, down from 5.04% previously, after selling about 357,000 shares between July 8 and July 14, Parkway said in a disclosure to the Singapore Exchange.
Yangzijiang Shipbuilding (YAZG.SI) said it has received approval from the Taiwan stock exchange and the central bank to offer and list up to 120 million Taiwan Depository Receipts on the exchange, representing a total of up to 100 million new ordinary shares. Yangzijiang also said it had secured shipbuilding contracts for 10 vessels worth a total of US$234.16 million ($322.4 million) from April 1 to June 30. The contracts will not have any significant impact on the firm’s earnings for the fiscal year 2010.
K-REIT Asia (KASA.SI), a Singapore property trust, said it has agreed to buy a property in Sydney, Australia for $145 million. The property trust said its distributable income for the second quarter rose 25.5% from a year earlier to $21.97 million. Its net property income rose 49.3% to $18.39 million for the three months ended June 30.
China Dairy (CHDA.SI) expects to report a loss for the second quarter and first half of the fiscal year, due to a rise in raw material prices and increased competition in China’s milk industry.
Asiamedic (ASIM.SI) said it expects to record a loss for the six months ended June 30, due to the fall in revenue from diagnostic imaging and rise in operation costs.
DBS Bank (DBSM.SI) has proposed to issue 30 million European style cash-settled call warrants on the ordinary shares of CapitaMalls Asia (CMAL.SI) at $0.202 for each warrant. The warrants will have an exercise price of $2.1525 for each underlying share and may only be exercised on Jan 28 2011. It has also proposed to issue 30 million European Style cash-settled put warrants on CapitaMalls Asia’s shares at $0.21 each.
Stats Chippac (STAT SP): Temasek Holdings Pte said it has decided not to proceed with a delisting of Stats Chippac, a chip-testing and packaging company, from the Singapore stock exchange at this time. Stats Chippac was unchanged at $1.14.

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