Singapore shares may open a tad lower on Tuesday after main Wall Street indices slipped overnight on concerns Europe’s credit woes may spread despite an agreement to bailout Ireland. Singapore’s benchmark Straits Times Index <.FTSTI> ended flat on Monday at 3,158.21 points. Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 1.2% in London yesterday, extending its three-day decline to 3.1%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slipped 0.5% to $2.05. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 1.7% to $13.66.

Global Logistic Properties (GLP SP): The logistics company, whose customers include Wal-Mart China, Deutsche Post AG’s DHL and FedEx Corp., said second-quarter net income more than tripled to $112.7 million from $36 million a year earlier. The shares gained 0.5% to $2.22.

Stats Chippac (STAT SP): The Singapore-based provider of semiconductor test and assembly services said it has shipped more than 100 million chips using copper wire bonds this year and expects production to grow by another 75% by the end of the year due to strong demand. The stock was unchanged at 90 cents.

Suntec Real Estate Investment Trust (SUNT.SI), which owns most of Singapore’s Suntec City complex, said it raised $428.8 million on Monday through a private placement of new units.

HG Metal (HGMM.SI) said on Monday it narrowed its losses in the fourth quarter to $10 million, compared with a net loss attributable to equity holders of the company of $11.59 million a year ago. The firm’s net loss was due mainly to a write down of $11.5 million for inventories.

Global Logistic Properties, the market leader in modern logistics facilities in two of Asia’s largest economies, China and Japan, says it posted US$85.4 million ($112.7 million) in net profit in 2Q FY2011 ending Sept 30, 2010, representing a more than two-fold increase from the US$27.0 million reported in the corresponding quarter last year (2Q FY2010). Revenue rose 13.5% to US$113.3 million in 2Q FY2011, from US$99.8 million in 2Q FY2010.

For 1H FY2011 ending Sept 30, 2010, GLP registered a bottom line growth with net profit of US$573.4 million (inclusive of a revaluation gain of US$427.6 million), compared to a loss of US$1.8 million in the year-ago period (1H FY2010). Revenue increased by 14.3% to US$224.2 million in 1H FY2011 from US$196.2 million in 1H FY2010.

Jeffrey H. Schwartz, Chairman of the Executive Committee of GLP, says: “We are pleased to announce a strong set of interim results and to share our commendable performance with our shareholders. This is our first set of results since GLP was listed on the Mainboard of the SGX-ST on 18 October 2010, and I am delighted to say that we are off to a good start. Asia’s robust economic expansion has been our growth driver, evident from the strong operational performance of our properties in China and Japan, and we will continue to grow our assets in these markets.”