Singapore shares may open slightly higher on Friday after Wall Street edged up overnight, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.23 percent on Thursday to 3,210.20 points. Here are some stocks to watch, say Bloomberg and Thomson Reuters.
Genting Singapore (GENS.SI) may be in focus as its Resorts World at Sentosa casino is seeking to borrow around $4.2 billion ($3.2 billion) to pay off an existing loan, Reuters basis point reported on Thursday.
Tiger Airways (TAHL.SI), the Singapore budget carrier part-owned by SIA, said it transported 464,000 passengers last month, 10% more than a year ago. Tiger Air will also extend leases on two Airbus A320 aircraft for a further 18 months starting from January, it said on Thursday. The stock lost 0.5% to $1.85.
Singapore massage chair maker Osim International (OSIL.SI) said on Friday it has submitted an application for the offering and listing of 85 million Taiwan Depository Receipts, at a temporary indicative offer price of NT$20.80 (90.5 cents) each unit (1 unit = 0.5 shares). The estimated proceeds are $76 million, the firm said in a statement.
Wastewater treatment firm Bio-Treat Technology (BIOT.SI) said on Thursday it has won a 500 million yuan ($75.1 million) contract with the Henan Province San Men Xia Industrial Zone Consultative Committee to build a water treatment plant in Henan, China.
SIA Engineering Co. (SIE SP), Asia’s second-biggest aircraft maintenance services provider, said it won a five-year contract, valued at $300 million, to provide maintenance services to SilkAir. Both companies are partly-owned by Singapore Airlines (SIA SP), the world’s second-biggest carrier. SIA Engineering rose 0.7% to $4.27. Singapore Air slid 0.5% to $15.80.

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