SG Market: Spore shares are likely to move higher, as agreement reached by European leaders to contain the Greek crisis has lifted the cloud of doom hovering over markets although long term execution challenges still exist. The benchmark STI has surged 5.7% in 4 straight session with next target set at 2920
Stocks in the news include Sembcorp Marine, which will recognise a $54.4m tax writeback from its forex losses. Property companies will be in focus after earnings from Mapletree Commercial and Wing Tai. Indofood Agri also posted 3Q results, which seems below expectations. Genting expected to be lifted by good set of results from rival LVS.
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