Singapore shares may open higher on Wednesday after global markets rallied on strong manufacturing data and easing concerns about the Middle East, although volumes are expected to be light on the eve of Chinese New Year. Citigroup in a note its clients on Wednesday said ample global liquidity suggests continued Singapore dollar strength, low interest rates and buoyant commodity prices. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.16% to 3,184.74 points. Here are some stocks and factors to watch:

Singapore airport service company SATS (SATS.SI) may be in focus after it said its third-quarter net profit fell 4.1% to $51.2 million year-on-year.

Boustead Singapore (BTSS.SI), which develops industrial facilities, said it has secured a contract to design, build and lease a private jet sales and service facility in Singapore for Hawker Pacific Asia. The contract value was not disclosed.

Singapore property developer Tuan Sing (TSHS.SI) said its fourth quarter net profit rose 66% to $37.4 million year-on-year. The firm said it plans to market launch the estimated 400 units at Seletar, one of the two residential sites it secured in Singapore, by the fourth quarter of 2011.

Azeus Systems (AZEU.SI), a Singapore-listed provider of IT consultancy services, said on Tuesday it has won a contract worth around HK$69.97 million ($11.4 million) from the Hong Kong government for application maintenance services.

Four Southeast Asia exchanges, Singapore Exchange (SGXL.SI), the Philippine Stock Exchange, Bursa Malaysia (BMYS.KL) and the Stock Exchange of Thailand said the design study of the technology framework for the Asean trading link has been completed. The link that will allow cross-border trading is expected to go live towards the end of 2011.