Singapore shares may weaken slightly on Wednesday after sharp falls in commodity prices weighed on major equity markets, but losses are likely to be limited with strong US economic data lending support.

Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.45% on Tuesday to 3,250.29 points. Here are some stocks and factors to watch:

Global Logistic Properties (GLPL.SI), part-owned by Singapore sovereign fund GIC, may be in focus after it said it will buy a 53% stake in China’s Airport City Development Co to tap the country’s booming air-cargo logistics business.

Singapore’s shopping mall developer CapitaMalls Asia (CMAL.SI) said on Tuesday it is likely to invest about $2 billion in new projects this year and plans to increase its number of shopping malls in China to 100 from 53 in the next 3-5 years.

Bonvest Holdings (BVHS.SI), which develops properties and manages food and beverage outlets, said on Tuesday it will buy Over and Over’s 30% shareholding in Richvein.

China New Town (CNTW.SI), which develops towns in China, said on Tuesday a mixed residential and commercial land parcel of 35,642 square meters in Shanghai Luodian had been listed and the auction is expected to be completed around January 21.

Singapore printing firm Craft Print International (CRAF.SI) said on Tuesday it had proposed selling its leasehold property in Joo Koon, Singapore, to Kenson Enterprise for $3.68 million.