Singapore’s benchmark Straits Times Index FTSTI fell 0.63% on Monday to 3,059.04 points. Here are some stocks and factors to watch:
Singapore-listed commodities firm Noble Group (NOBG.SI) may be in focus after Australian iron ore miner Territory Resources recommended a A$132.6 million ($173.7 million) takeover offer from Noble that trumped an earlier offer from African miner Exxaro (EXXJ.J).
Singapore investment firm k1 Ventures (KMAR.SI) part owned by rigbuilder Keppel Corp (KPLM.SI), said on Tuesday it had invested US$100 million ($123.5 million) in US-based Guggenheim Capital through the purchase of preferred units and warrants.
United Fiber System (UFSL.SI), which has construction as well as forestry and pulp businesses, said on Monday its subsidiary had won a $166.8 million contract from a unit of City Developments (CTDM.SI) to build a condominium in Sengkang in northeast Singapore.
Singapore Technologies Engineering (STEG.SI) said its unit ST Marine had received a letter of claim from Louis Dreyfus Armateurs demanding $4.8 million in liquidated damages and 33.03 million euros ($58.8 million) in unliquidated damages. ST Engineering said ST Marine is disputing the claims, which arose from an alleged breach of a 2007 shipbuilding contract worth around $179 million.
Singapore Post (SPOS.SI) said on Monday it had entered into a memorandum of understanding with Malaysia’s Efficient E-solutions to jointly set up data and document management operations in Indonesia.
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