Singapore shares may be see a weak start on Friday after rating agency Standard & Poor’s cut Japan’s long-term debt rating, sending the yen (JPY=) lower, but gains on Wall Street overnight may provide some support.

Singapore’s benchmark Straits Times Index <.FTSTI> closed 0.03% lower on Thursday at 3,219.83 points. Here are some stocks and factors to watch:

Southeast Asia’s largest property developer CapitaLand (CATL.SI) may be in focus after it said it will acquire a residential property in Singapore for $100.7 million and redevelop it into a condominium with 150 units.

Singapore Post (SPOS.SI) has appointed Ng Hin Lee as its chief executive officer (CEO) for its postal and corporate services, and Wolfgang Baier as the CEO for its international operations, with effect from February 7.

Property developer GuocoLand’s (GUOC.SI) net profit for the second quarter fell 64% to $21.6 million, from $60.4 million a year ago, due to lower contribution from development projects in China.

Consumer electronics distributor ECS Holdings (ECSH.SI) said its wholly-owned subsidiary has signed an agreement with Samsung’s Malaysian unit to distribute Samsung’s notebooks and its tablet in Malaysia.

Chinese mobile phone designer Longcheer (LOHO.SI) said its second quarter net profit dropped 60% to 16 million yuan ($3.1 million) from the year ago period, its gross profit margin fell due to severe price competition.

China Fishery (CNFG.SI) said it has received approval from the Singapore exchange for its plan to seek a dual listing on the Hong Kong stock exchange.