SG Market: Spore shares to remain range-bound with downward bias following softer close in Wall Street. Support for STI lies at 3165 with resistance at 3230.
Stocks in focus:
*SMRT 4QFY11 net profit +50% yoy to $34m, revenue +8.6% to $244.5m. Full year FY11 profits -1.1% to $161.1m, revenue +8.3% to$969.7m, slightly below estimates due to higher electricity/diesel costs & operating expenses. DPS stays at 8.5¢ (final 6.75¢) but new capex is a concern.
*SingPost 4QFY11 net profit -9.6% yoy to $37m, revenue +5.7% to $141.5m. DPS 6.25¢ (final 2.5¢).
*Oceanus reveals it is in preliminary talks about possible stake sale but nothing firm. Trading halt to be lifted today.
*Noble: South Korean sovereign wealth fund buys 0.9% stake in the commodity trader.
No comments:
Post a Comment