Oil rig maker Sembcorp Marine Ltd may be in focus after it secured two engineering contracts worth $300 million from Exxon Mobil Corp to build floating storage and offloading facilities at the Banyu Urip oilfield in Indonesia.
Singapore Stocks and factors to watch oct 31 2011:
-- SINGAPORE AIRLINES LTD
- Singapore Airlines may get a boost from possible market share gains after Australian rival Qantas grounded its planes over the weekend, leaving nearly 70,000 passengers stranded.
-- WILMAR INTERNATIONAL LTD
- Singapore palm oil firm Wilmar's Australian sugar unit Sucrogen failed to secure enough support from Proserpine Co-operative Sugar Milling Association members for its planned purchase of Proserpine Sugar Mill, Wilmar said on Friday.
Separately, Wilmar said on Friday it had increased its $1.3 billion syndicated term loan facility to $1.5 billion.
-- GREAT EASTERN HOLDINGS LTD
- Great Eastern Holdings, the insurance arm of Singapore's Oversea-Chinese Banking Corp Ltd , posted on Monday a 76 percent drop in third quarter net profit, hurt by marked-to-market losses on its investments.
-- DBS GROUP HOLDINGS
- Singapore's central bank said on Friday it has lifted an additional capital requirement imposed on DBS Group Holdings following the breakdown of DBS's online and branch banking systems last year.
-- CHINA DAIRY GROUP LTD , FRASER AND NEAVE LIMITED
- Singapore's Fraser and Neave said on Friday it had agreed to sell its entire 29.5 percent stake in China Dairy Group to Oasis Ventures Ltd, an affiliate of Shaanxi Coal and Chemical Industry Group, for around S$37.9 million ($30.5 million).
-- SMRT CORP LTD
- Singapore public transport operator SMRT posted on Friday a 26 percent drop in second-quarter net profit due to higher energy and staff costs, and said full-year earnings may fall.
-- STX OSV HOLDINGS LIMITED
- Singapore-listed offshore vessel builder said on Sunday it had won contracts worth a total of more than 1 billion Norwegian Krones ($184.6 million) to construct four platform supply vessels for Island Offshore.
- Singapore's benchmark Straits Times Index rose 2.04 percent on Friday to 2,905.72 points.
- The Dow Jones industrial average gained 0.18 percent to finish at 12,231.11. The Standard & Poor's 500 Index edged 0.04 percent higher to 1,285.09. The Nasdaq Composite Index lost 0.05 percent to 2,737.15.
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