Singapore stock market outlook today november 28 2011

Indonesia stock info - Singapore stock market outlook today november 28 2011 ; Singapore shares are likely to rise on Monday, helped by hopes for more concrete steps to tackle the euro zone debt crisis as Germany and France explore radical methods of securing deeper and more rapid fiscal integration among the bloc.

Southeast Asia's largest property developer CapitaLand Ltd may be in focus after a newspaper in Singapore reported the firm could place its $5.3 billion projects in China into real estate investment trust (REIT), quoting the firm's senior executive.

Stocks and factors to watch:

 -- GREAT EASTERN HOLDINGS
- Great Eastern Holdings, the insurance arm of Singapore's Oversea-Chinese Banking Corp Ltd, said it would acquire the overseas foreign invested ordinary shares of New China Life Insurance Co. Ltd, which is seeking a listing in Hong
Kong, for a total of $380 million.

-- ASCOTT RESIDENCE TRUST
- Ascott Residence Trust, which owns serviced residences, said it will acquire a 60 percent stake in in the 160-unit Citadines Shinjuku Tokyo from Mitsubishi Estate Co and Citadines Shinjuku Ippan Shadan Hojin, for about S$45.7 million.

-- PACIFIC ANDES RESOURCES DEVELOPMENT LTD, CHINA FISHERY GROUP LTD
- Frozen fish supplier Pacific Andes Resources said its net
profit for the full year ended September 28 fell 19.4 percent to
HK$622.8 million ($79.9 million) from HK$773.1 million, hit by
higher expenses and a one-time charge related to the early
redemption of sister firm China Fishery's senior notes.

This also dragged the net profit of China Fishery down by
11.1 percent in the same period to $103.7 million, from $116.5
million a year ago.

-- SAKARI RESOURCES
- Coal miner Sakari Resources said a bridge that lies over the Mahakam river in Indonesia had collapsed on Saturday. The river is a major conduit of coal barge trafflic and supplies to and from upstream mines, including the firm's Jembayan mine.
However, Sakari said production at the mine is continuing asnormal.

- Singapore's benchmark Straits Times Index fell
1.24 percent on Friday to 2,643.93 points.
- The Dow Jones industrial average lost 0.23 percent
to 11,231.78. The Standard & Poor's 500 Index retreated
0.27 percent to 1,158.67. The Nasdaq Composite Index
dropped 0.75 percent to 2,441.51.
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1 comment:

  1. angelNovember 30, 2011 at 11:15 PM

    Great blog nice n useful information , it is very helpful for me , I realy appreciate thanks for sharing. I would like to read more information thanks.

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