SG Market: Spore shares may open higher, taking a cue from gains on Wall Street after a solid reading on US manufacturing helped ease concerns over an economic recovery. Volume may remain sluggish as traders await further cues amid a data-heavy, Easter holiday-shortened week, with the key US nonfarm payrolls report due Fri likely closely watched. For STI, the 3031 year-to-date high is a likely cap, with 3000 likely support.
Key stocks in focus today will be the contract wins by SembMarine (US$568m semi-submersible rig from Seadrill), KepCorp (US$205m jack-up rig from Perforadora Central), United Environtech (2 WWT plants in Fujian for Rmb116m) and Ryobi Kiso ($27.3m foundation works for Ben Thanh Towers project in Ho Chi Minh City, Vietnam).
*Breadtalk: Keywise Greater China Fund reduces stake from 12.08% To 10.79%.
*Hyflux: Matthews Intl Capital Mgmt increases stake from 5.02% to 6.08%.
*China Minzhong: Franklin Templeton increases stake from 5.33% to 6.52%.
*Pteris Global: Substantial sh/h increases stake from 11.35% to 11.53%
*DBS to lift trading halt.
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