Singapore shares are likely to see a weak start on Friday, after US equity markets fell overnight following a strong aftershock that shook Japan and rattled investors’ nerves. Singapore’s benchmark Straits Times Index <.FTSTI> was 0.04% higher on Thursday at 3,171.65 points. Here are some stocks and factors to watch:
Shares of Singapore-listed shipbuilder STX OSV (STXO.SI) may be in focus after it said it had secured contracts for the design and construction of three multi-role vessels.
Genting Singapore (GENS.SI): Singapore’s casino regulatory authority is investigating allegations about illegal activities in casinos, including claims that junket operators are already in business, the Business Times newspaper said on Friday.
Offshore oil and gas services firm Dyna-Mac (DMHL.SI) said on Thursday its third quarter net profit rose 11% to $7.2 million from $6.5 million a year ago, helped by improving margins. However, its revenue fell 17% to $39.4 million, following a decline in oil and gas activities after the Gulf of Mexico accident last year, it said.
Boustead Singapore (BTSS.SI) said its energy-related engineering division won S$25 million worth of contracts from the oil and gas industries to design and construct process systems for oil refineries.
Construction firm Yongnam Holdings (YNAM.SI) said it had secured a $19 million contract to provide structural steel works for a hospital in Singapore.
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