SG Market: S’pore shares are poised to face a challenging day given the weak lead from Wall Street, following disappointing data, driving commodity prices lower.
Risk appetite is generally subdued with commodities plays such as Noble and Olam likely to lose ground. Offshore & marine stocks are likely to be in focus after Swiber's 63.2%-owned subsea subsidiary Kreuz announced a 70m share placement to raise around $16.6m; while Malaysia-based OSV builder Nam Cheong bagged US$36.8m tug contracts Watch out for news on F&N after the company requested a trading halt. Cord blood bank service provider Cordlife makes its debut after its IPO was 3.8X subscribed.
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