SINGAPORE (May 17): Here are some stocks that could move the market this Thursday morning:

Singapore Telecommunications saw its earnings fall 19% to $780.6 million for the 4Q ended March, from a year ago. This was on the back of weaker results from Airtel and Telkomsel and unfavourable currency movements. This brings full-year earnings for FY18 to a record $5.45 billion due to one-off gain on disposal of units in NetLink Trust. 4Q18 operating revenue was stable at $4.33 billion, a marginal 0.4% higher than $4.31 billion a year ago. Shares of Singtel closed 1 cent down at $3.42 on Wednesday.

Singtel posts 19% drop in 4Q earnings to $781 mil; full-year earnings hit record $5.5 bil on NetLink Trust divestment

CapitaLand Commercial Trust is making its first foray into Europe with the acquisition of a stake in Gallileo, an office property located in Frankfurt, Germany. The freehold Grade A property, valued €356 million ($569.6 million), is located in the prime Central Business District (CBD), also known as the Banking District. Units in CCT closed 3 cents lower at $1.72.

CapitaLand Commercial Trust acquires 94.9% stake in $569.6 mil Frankfurt office property Gallileo

OKP Holdings’ wholly-owned subsidiary Or Kim Peow Contractors, group managing director Or Toh Wat, project director Allen Yee and project engineer Wong Kiew Hai have been charged for alleged offences arising from a work site accident in July last year. OKP says the company and the employees are seeking legal advice on the charges. Shares of OKP last closed at 33.5 cents on May 15.

OKP group MD, employees to face charges over PIE viaduct collapse

CNMC Goldmine Holdings, which has three mining concessions in Kelantan, appears to be unaffected by the recent outcome of the general elections in Malaysia. Though the Federal government has now turned power over to Pakatan Harapan, the state government in Kelantan has returned control to PAS who has ruled the state for more than two decades now. “We believe business is as usual. The mining sector in Malaysia is still governed by [individual] state governments,” CNMC CEO Chris Lim tells The Edge Singapore. Shares of CNMC closed down one cent or 3.5% at 28 cents on May 16.

'Business is as usual' for CNMC, says CEO Chris, after Pakatan Harapan forms Federal government

Shareholders of YuuZoo have voted in favour of all four resolutions at the special general meeting held on Wednesday. The resolutions consisted of Yuuzoo's deregister as a company in the Bermudas and register itself as a limited liability company in the British Virgin Islands, a name change to Yuuzoo Networks Group Corporation, the change in its capital structure from par value to non par value shares, and the adoption of new memorandum and articles of the company.

YuuZoo shareholders pass all four resolutions at special general meeting

Markets
Wall Street rebounded strongly on Wednesday as upbeat data about US industry and positive corporate results offset weak housing data and inflation jitters. The Dow gained 0.25% to close the day at 24,768.93, recouping some of the ground lost on Tuesday. The S&P 500 jumped 0.41% to end at 2,722.46, while the Nasdaq rose 0.6% to 7,398.29 respectively.

The Straits Times Index closed 7.18 points, or 0.2% lower, to finish at 3,533.05. Some 2 billion shares worth $1.4 billion were traded. Losers outpaced gainers slightly at 257 to 162.