SG Market: Spore shares are tipped to rise, tracking strong gains across the region after Wall Street ended sharply higher on Fri, driven by solid mfg data. The benchmark STI closed up 0.6% at 3139, taking last week's gains to 2.4%. Next resistance is at 3150, the level of a downtrend line since Apr. Tiger Airways will be hit after the budget carrier was forced to suspend all domestic flights in Australia until July 9 due to a safety probe by the Australian aviation regulator.
KepCorp will be eyed after it secures a rig building contract worth US$184m & Mermaid enters tie-up with Seadrill. Watch for Mapletree Industrial Trust after it bought a portfolio of 11 Spore industrial properties from JTC Corp. worth $400m. GLP also eyes a $2.1b Jap portfolio.
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