SG Market: Spore shares may post modest gains, in line with most regional markets already trading, and some post-vote relief as Greek Parliament approved the tough austerity measures early this morning amid street riots. But even as Greece will no longer take centre stage, the danger is that with other eurozone countries also in the same boat, recessionary and debt risks in Europe remain high.
On the corporate results front, CapitaMalls Asia bottomline profit was boosted by revaluation gains, while SingTel, China Minzhong, PEC results all came in below expectations. Nera Telecom may fall despite a takeover offer from ST Engineering as the $0.45/share offer price is below its last-traded of $0.50.
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