SG Market (18 Feb 13)

SG Market: S’pore shares could open higher on the back of encouraging manufacturing and consumer data out of the US Friday. The STI is likely to stay between 3260-3300 trading range. Among stocks in focus: *ST Engrg: 4Q12 results on target with net profit of $152.2m, taking FY12 earnings up 9% to $576.2m on record revenue of $6.4b +6%. Group is guiding to deliver higher revenue and pretax earning in FY13 on the back of a $12.1b orderbook and is proposing a total DPS of 16.8¢, maintaining its 90% payout ratio. *China Minzhong: Private placement of 98m new shares or a 14.95% stake at $0.915 apiece to leading Indon packaged food producer, Indofood Sukses Makmur. *SingTel: Vying for wireless services in Myanmar and awaiting further details on bidding process and terms of the permit. Myanmar plans to award 2 licences by Jun. *Loyz Energy: awarded petroleum service contract for Are 14 located in East Palawan Basin in the Philippines.