Singapore shares may open higher on Friday after Keppel Corp (KPLM.SI), the world’s biggest oil rig builder, announced a US$360 million ($470.7 million) deal and commodities firm Olam International (OLAM.SI) said it had entered a US$200 million Nigerian sugar venture.

Wall Street rallied for a second day overnight as concerns about Europe’s sovereign debt crisis waned, forcing investors to reverse bearish bets on the market. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.50% on Thursday to 3,197.96 points. Here are some stocks and factors to watch say Bloomberg and Thomson Reuters:

Mapletree Logistics Trust (MAPL.SI), which owns warehouses across Asia, said on Thursday it had acquired two warehouses and an office in Singapore for $16.8 million. The acquisition provides an initial net property yield of 8.7%, the firm said.

Palm-oil suppliers: Crude palm-oil futures for February delivery rose 0.4% in Kuala Lumpur yesterday, extending its four-day rally to 6.9%. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, climbed 1.4% to 75 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, surged 4.4% to $2.85.

Wilmar International (WIL SP), the world’s biggest palm-oil trader, slipped 0.7% to $6.01. The company said it agreed to pay 378.1 million ringgit ($157.1 million) for a 20% stake in FFM Bhd., operator of flour mills in Malaysian, Vietnam, Thailand and Indonesia.