Barefoot Investor: Singapore stocks may see choppy start; CapitaCommercial Trust in focus

Singapore shares may see a choppy start on Thursday, buoyed by a suggestion from the Federal Reserve that the United States may need more stimulus to support economic recovery.

However, investors are likely to stay cautious after Moody’s said it could cut the United States’ prized triple-A credit rating. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.36% on Wednesday to 3,088.42 points. Here are some stocks and factors to watch:
CapitaCommercial Trust (CACT.SI), which owns office assets, may be in focus after it said its distributable income for the second quarter fell 2.3% to $54.4 million, due to a loss in rental income from the sales of two properties in Singapore.

Asia Pacific Breweries (APBB.SI) said it is selling its stakes in Jiangsu Dafuhao Breweries and Shanghai Asia Pacific Brewery Company for about $162 million, through the sale of its share in Heineken-APB (China) to China Resources Snow Breweries. The sale excludes its beer brands, Tiger, Heineken and Anchor.

Life science firm Transcu Group (TRSU.SI) said it is facing immediate cash flow concerns, which is the reason for the continued suspension of its shares. It is continuing to pursue business deals to raise the necessary longer-term funding to keep the company afloat, but such transactions have taken longer than usual to conclude, Transcu said.(The Edge Singapore)


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