Singapore shares may open higher on Thursday after Wall Street posted its biggest gains in three months overnight, as efforts to resolve the EU’s debt crisis helped push the S&P above 1,200, an important technical level. Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.18% on Wednesday to 3,181.94 points. Here are some stocks and factors to watch, say Bloomberg and Dow Jones:

Capitaland (CAPL SP): Southeast Asia’s biggest developer plans to introduce an average of 3,000 residential units in China annually as part of its growth strategy in the country, the Singapore-based company said in investor briefing materials filed to the Singapore stock exchange. It said it also plans to expand the number of its serviced residences in the country to 12,000 units by 2015, from 6,246 currently. The shares gained 1.4% to $3.66.

Cosco Corporation (COSC.SI), a Singapore-listed Chinese shipbuilder, may be in focus after it said it had secured contracts worth more than US$110 million ($144 million) to build three bulk carriers.

Singapore Airlines (SIAL.SI) said on Wednesday it will increase its fuel surcharge for tickets issued on or after December 2 due to the rise in the price of jet fuel in recent months. The company said jet fuel now costs above US$95 ($124.5) per barrel.

Singapore-listed commodities firm Noble Group (NOBG.SI) said on Wednesday it had secured a record US$2.54 billion ($3.33 billion) revolving credit facilities. The facilities were launched with a target size of US$1.5 billion and were substantially oversubscribed, it said.

Massage chair maker Osim International (OSIL.SI) said it plans to offer and list Taiwan Depository Receipts on the Taiwan stock exchange to diversify its shareholder base and obtain an additional fund-raising platform.

United Engineers (UEM SP): The engineering company and property developer said it plans to raise $72.3 million selling shares in its engineering and construction business, which will be listed separately on the Singapore stock exchange. The shares gained 2% to $2.60.

CNA Group (CNA SP): The supplier of building-automation systems said it agreed to sell its entire 49.9% in Standard Water, which provides engineering services for water and wastewater treatment facilities, to TIPCO International for US$17 million. Proceeds from the sale will be used to finance expansion plans in China and Vietnam, it said. The stock was unchanged at 24 cents.