Singapore stocks are likely to recieve a boost on Tuesday from a rally on Wall Street, where US stocks closed at their highest level in 10 weeks on Monday as a weaker US dollar lifted the energy and raw materials sectors.

Singapore’s benchmark Straits Times Index (.FTSTI) rose 1.25% on Monday to 3,025.04 points.

Chinese shipping firm Cosco Corporation (COSC.SI) may be in focus after reporting an 85% surge in second quarter net profit to $68.4 million mainly on higher revenue from its ship building and marine engineering projects.

Japan's Mitsui & Co, Japan’s second biggest trading house, will acquire a 50% stake in four water treatment projects in China belonging to Singapore's Hyflux (HYFL.SI), the firm said on Monday.

OCBC (OCBC.SI), Singapore’s second-biggest lender, said on Monday Asia's strong economies will underpin earnings growth this year, even though second-quarter profit slightly missed forecasts as staff costs surged.

Commodities firm Noble Group (NOBG.SI) said on Tuesday it has upsized its existing US$800 million ($1.1 billion) guarantee facility to US$1.55 billion from the targeted level of US$1.2 billion due to high bank demand and oversubscription.

Oil rig builder Keppel Corp (KPLM.SI) said on Monday it will increase its stakes in two associated companies to boost its presence in the Philippines. Keppel made a cash consideration of $86.5 million.

Eu Yan Sang (EYSI.SI), Singapore’s leading Chinese medicine firm, said on Monday it has paid around $4.4 million for a 14.99% stake of Healthzone Limited, a health and beauty product firm with franchise retail networks in Australia and China.