Singapore shares may open higher on Tuesday, following overnight gains on Wall Street, as healthy earnings and signs of improving U.S. economic performance offset continued worries about the political situation in Egypt and the rest of the Middle East. Singapore’s benchmark Straits Times Index <.FTSTI> fell 1.55% on Monday to 3,179.72 points. Here are some stocks and factors to watch:
Singapore-listed Chinese developer Yanlord (YNLG.SI) may be in focus after it said on Monday it has teamed up with GIC Real Estate to buy a prime residential site in Tianjin, China for 1.16 billion yuan ($225 million).
Singapore transport operators SMRT (SMRT.SI) and ComfortDelgro (CMDG.SI) may also be in the spotlight after authorities deferred the mid-year review of bus and subway train fares till the fourth quarter of the year.
Property developer Wing Tai (WTHS.SI) said on Monday its net profit for its second quarter ended Dec 31 rose 142% from a year ago to $53.9 million, boosted by higher contributions from development projects and Hong Kong-listed associate.
Neptune Orient Lines (NEPS.SI) said on Monday its container shipping volumes for the seven weeks to Dec 31 rose 26% from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.
Singapore Exchange (SGXL.SI), Asia’s second-largest listed bourse operator, on Monday asked for public feedback on the introduction of new metals futures contracts for trading on its derivatives market.
Yangzijiang (YAZG.SI), a Singapore-listed Chinese shipbuilder, plans to establish a joint venture with four Chinese firms to provide electrical systems for building commercial vessels and marine engineering projects. A unit of Yangzijiang will invest 20 million yuan ($3.9 million) for a 20% stake in the joint venture company.
Renewable Energy Asia Group (REAG.SI) said on Monday it has received approval to build a 10-megawatt solar energy farm from Inner Mongolia authorities. The total investment cost is around 190 million yuan ($36.8 million).
Mercator Lines (MRTL.SI), a Singapore-listed dry bulk shipping company, said on Tuesday its third quarter net profit fell 32% to US$5.1 million ($6.5 million) year-on-year. Revenue rose 17% to US$40.5 million but was offset by higher vessel hire costs and other expenses.

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