Singapore stock february 3 2012

Indonesia stock info - Singapore stock february 3 2012 ; Singapore shares may open lower with Singapore Airlines stock likely to be under pressure after poor earnings while investors will be reluctant to take fresh positions ahead of key U.S. employment report on Friday.

SIA posted a worse-than-expected 53 percent fall in its third quarter net profit and as it expects to see a further deterioration in its business.

Stocks and factors to watch:

StarHub Ltd,
- StarHub Ltd, Singapore's second largest telecom firm, on Thursday posted a 15 percent rise in fourth quarter net profit and said it expects operating revenue to grow in the low-
single-digit range this year.

GLOBAL LOGISTIC PROPERTIES LTD
- Global Logistic Properties, which owns and operates warehouses in China and Japan, said on Thursday it plans to build a multi-tenant logistics facility in Japan's Soja City at an estimated cost of $103 million.

KEPPEL CORP LTD
Rig builder Keppel Corp said it has increased the limit of its multi-currency medium term note programme to $1.2 billion from $600 million. Proceeds raised will be used for corporate or working capital purposes.

CHOSEN HOLDINGS LTD
Chosen, which makes components for electronics, said it is likely to report a loss for the six months ended December, due to write-offs for its assets and expenses resulting for the
floods in Thailand.

Singapore's benchmark Straits Times Index fell 0.13 percent on Thursday to 2,901.04 points.

The Dow Jones industrial average lost 0.09 percent at 12,705.41. The Standard & Poor's 500 Index gained 0.11 percent to 1,325.54. The Nasdaq Composite Index rose 0.40 percent to 2,859.68.


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