Home THE DAILY EDGE Business Jun 27: SingTel, Yoma, Keppel REIT, Sembcorp
Jun 27: SingTel, Yoma, Keppel REIT, Sembcorp PDF
Written by Reuters   
Thursday, 27 June 2013 08:49
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Shares in Singapore rebounded from early losses on bargain-hunting to close firmer on Wednesday. The Straits Times Index rose 14.47 points, or 0.47%, to finish at 3,104.40. Here are some stocks to watch this Wednesday morning:

Myanmar's lower house of parliament agreed on Wednesday to delay the awarding of two telecoms licenses until a new telecommunications law comes into force. The announcement of the winners had been scheduled for Thursday. Singapore Telecommunications and its partners are on the short-list. A consortium led by the Digicel Group, including Singapore's Yoma Strategic Holdings, is also bidding for one of the two licenses.

Keppel REIT has agreed to buy a 50% stake in a freehold commercial building in Melbourne's central business district for A$160.2 million ($189.6 million). The purchase is expected to be immediately accretive to Keppel REIT's distribution per unit (DPU).

Sembcorp Industries' joint venture in India, Thermal Powertech Corporation India (TPCIL), has signed an agreement with a subsidiary of Coal India for a 20-year coal supply to feed a power plant, which is scheduled to start operation in the second half of 2014.

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Last Updated on Thursday, 27 June 2013 14:55