Singapore’s Straits Times Index gained 1.3% to 2,794.06 at the close yesterday. Thirteen stocks rose for each that fell on the 30-member gauge. Stocks on the measure trade at 14.8 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. US stocks rose last night as stronger-than-expected corporate results and upbeat economic data fed expectations the recovery will bolster corporate profits. Here are some stocks to track today.
Sembcorp Marine (SCMN.SI), the world’s second-largest offshore oil rig builder, said today it has clinched several ship repair and upgrading deals worth $130 million.
