Singapore shares may post gains on Monday, following a positive start in Tokyo as Euro zone finance ministers outlined an agreement to aid debt-burdened Greece. Investors, however, remain cautious. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.49% on Friday to 3,005.28 points. Here are some stocks and factors to watch:
Oil and gas services provider KS Energy will be in focus after a firm linked to chairman and CEO Kris Wiluan offered to take KS Energy private by paying $1.07 for outstanding shares. Pacific One Energy and related parties currently own about 40.44% of KS Energy shares and 5.76% of warrants that can be converted into ordinary shares. KS Energy shares last traded at $0.96.
Keppel Land (KLAN.SI) may be in focus after a joint venture it set up with two Vietnamese developers obtained a masterplan approval for a waterfront residential development site in Ho Chi Minh City.
Fraser and Neave (FRNM.SI), a Singapore food and beverage and property conglomerate, said on Friday it had opened a new $110 million canned milk plant in Thailand, which has a total capacity of 3.5 million cans per day.
Genting Singapore (GENS.SI): Singapore’s casino regulator said on Friday it will launch a full-scale inspection of the city-state’s two casino-resorts this year to ensure the operators comply with all rules and regulations.
ST Engineering (STEG.SI) said on Monday its ST Aerospace unit and Japan’s Marubeni Corp (8002.T) have agreed to set up a joint venture aircraft leasing firm.
Singapore’s Keppel Corp (KPLM.SI), the world’s largest oil rig builder, said on Saturday it is on track to deliver the fifth of seven ultra-deepwater drilling rigs being built for Ensco plc (ESV.N).
