Singapore shares may open lower on Thursday, as technology stocks on Wall Street led declines in US indices overnight and investors remain cautious after the Federal Reserve’s statement. Singapore’s benchmark Straits Times Index <.FTSTI> was flat, closing 0.02% higher at 3,096.10 on Wednesday to 3,096.10 points. Here are some stocks and factors to watch:

Developers: Singapore’s home prices are set to fall “a little” after the government last month introduced fresh measures to cool the real-estate market, the local press quoted Liew Mun Leong, chief executive officer of CapitaLand, as saying. Allgreen Properties (AG SP), controlled by Malaysian billionaire Robert Kuok, increased 1.8% to $1.16. CapitaLand (CAPL SP), Southeast Asia’s biggest developer, climbed 1.5% to $4.04. City Developments (CIT SP), Singapore’s second-largest homebuilder, rose 0.3% to $12.

Hotel operators: Singapore hotels located around the Formula One track will be running at near full capacity for this week’s race even after an increase in the supply of rooms, the local press reported, citing the hotels. The Marina Mandarin, owned by Overseas Union Enterprise (OUE SP), and the Conrad Centennial, part of Hilton Hotels Corp., are among properties that are reporting higher bookings, the newspaper reported. Overseas Union Enterprise, a unit of Indonesia’s Lippo Group, gained 0.7% to $3.02. CDL Hospitality Trusts (CDREIT SP), the hotel operator partly-owned by City Developments, slipped 1.4% to $2.13. Pan Pacific Hotels Group (PPAC SP) rose 0.6% to $1.62.

Shipping companies: The Baltic Dry Index of commodity-shipping rates fell 3% in London yesterday, taking its eight-day decline to 17%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, rose 2.3% to $1.77. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, dropped 3.4% to 28.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, slid 1.2% to $13.28.

Singapore’s Sembcorp Marine (SCMN.SI), the world’s second largest offshore rig builder, may be in the spotlight after it said it has settled a dispute with French bank Societe Generale (SOGN.PA) over foreign exchange transactions made in 2007. SocGen will pay Sembcorp Marine, $40 million to close the case, resulting in the Singapore firm booking a writeback of the amount in the third quarter, it said in a regulatory filing.

Singapore Exchange (SGXL.SI), Asia’s second largest bourse operator by market cap, must put in more effort to boost trading volumes as rivals are catching up, CEO Magnus Bocker said in the firm’s annual report.

Private equity firm TPG (TPG.UL) is selling its 9.3% stake in Parkway Life REIT (PWLR.SI) in a deal that could raise as much as $91.1 million ($69 million), IFR Asia reported on Wednesday.

Genting Singapore (GENS.SI) said on Wednesday it will sell its UK casino operations to Genting Bhd (GENT.KL) for 351.5 million pounds ($729.4 million), up from 340 million pounds to reflect the improvement in the U.K. operation’s net debt position.

Fragrance Group (FRAG SP): The operator of budget Hotels in Singapore said it will issue 840 million new shares to its shareholders in a proposed a one-for-one bonus issue. The stock was unchanged at 54 cents.

Tiger Airways Holdings (TGR SP): The budget carrier partly-owned by Singapore Airlines (SIA SP), was rated “outperform” with share-price forecast of $2.46 in a new coverage by CLSA Asia-Pacific Markets. Its shares slipped 0.9% to $2.15.