SG Market: Spore shares may open higher in tune with strong closing on Wall Street but expect STI to remain rangebound between 3187 & 3120.
Among stocks in focus:
*M1 1Q results net profit $42.5m +8.2% yoy, revenue $257.6m +3.5% yoy, slightly ahead of expectations due to lower handset subsidies & depn but outlook seems a little murky
*OUE buys 320-room Crowne Plaza Changi Airport from LC Dev/Runway for $299.5m, plans to develop another 200 rooms on adjacent site
*SIA Mar passenger load factor 67.3% with cargo load factor 64.5%
*GuocoLand reports 3Q netprofit of $2m -79% yoy on lower contribution from development projects in China
*LongCheer warns of 3Q & 9MFY11 losses
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