Home THE DAILY EDGE Business Nov 26: Sabana REIT, China Fishery, Pacific Shipping Trust, Keppel Corp, SIA, STX OSV
Nov 26: Sabana REIT, China Fishery, Pacific Shipping Trust, Keppel Corp, SIA, STX OSV

Tags: China Fishery | China Fishery Group | First Resources | Golden Agri-Resources | Indofood Agri Resources | Keppel Corp. | Keppel Corporation | Novo Group | Pacific Shipping Trust | Sabana REIT | SIA | Singapore Airlines | STX OSV | STX OSV Holdings

Written by The Edge   
Friday, 26 November 2010 08:40
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Nov 26: Sabana REIT, China Fishery, Pacific Shipping Trust, Keppel Corp, SIA, STX OSV
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Singapore shares may open a tad higher on Friday as global markets edged up, but trading is likely to be quiet as US markets were closed overnight for the Thanksgiving holiday. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.71% on Thursday to 3,159.23 points.

Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:

Shares of Sabana REIT (SABA.SI), which owns industrial properties, makes its Singapore market debut after raising about $491 million in an initial public offering that was 2.5 times subscribed.

China Fishery (CNFG.SI), which started fishing in waters off Mauritania, expects Africa to account for 20-30% of revenue in 3-4 years, from about less than 7% now. The company said on Thursday its net profit rose 24% to US$116.5 million ($152.3 million) for the year ended Sept 28, helped by higher operating efficiency for its trawling and fishmeal businesses.

Pacific Shipping Trust (PFST.SI) said it has bought five bulk carriers for a total of US$150 million ($196 million) from Tianjin Xingang Shipbuilding Industry, which will be delivered between October 2012 and April 2013. The trust said its total contracted charter revenue will increase to about US$800 million with the acquisitions.



Last Updated on Friday, 26 November 2010 08:54