Singapore shares are likely to see a weak start on Wednesday after most Wall Street indices were flat overnight, as a surprise contraction in the British economy shook investors’ confidence. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.14% on Tuesday to 3,181.15 points. Here are some stocks and factors to watch:

Keppel Corp (KPLM.SI), the world’s largest rig builder, may be in focus after it posted a better-than-expected 17% rise in fourth quarter net profit on Tuesday, and said it was bullish about orders in coming months.

Keppel Land (KLAN.SI) and Keppel Telecommunications & Transportation (KTEL.SI) have formed a joint venture firm to consolidate their data centre assets. Keppel Land will hold 30% of the JV while Keppel T&T will own 70%.

XMH Holdings (XMHL.SI), a diesel engine distributor, said it raised $18.9 million in net proceeds through an initial public offering of 100.95 million shares at $0.25 each.

CDL Hospitality Trusts (CDLT.SI) said its net property income in the fourth quarter rose 27.3% to $31.5 million from a year-ago period, helped by improved hospitality performance in Singapore. Its distribution per unit for October-December climbed 4.1% to $0.0278.

Telecommunication services firm Spice i2i (SPIC.SI), formerly MediaRing, said on Tuesday it plans to acquire the cellular business of Indonesia’s mobile handset company Affinity Group for US$175 million ($224.3 million).

Mapletree Industrial Trust (MAPI.SI) said its distribution per unit for October 21 (listing date) to December was $0.0152, 13.4% higher than the $0.0134 it forecast. The higher than expected distributable income was due to increased gross revenue and lower property expenses, it said.