Singapore Stocks-May dip; ST Engineering in focus

SINGAPORE, Jan 21 (Reuters) - Singapore shares may open
lower on Friday as disappointing U.S. earnings and fears of
further monetary tightening in China turned sentiment sour.

Singapore Technologies Engineering may be in focus
after it said on Thursday its aerospace arm secured S$320
million ($249.4 million) worth of maintenance contracts in the
fourth quarter of 2010.
----------------------MARKET SNAPSHOT @ 2352 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1280.26 -0.13% -1.660
USD/JPY 82.95 -0.04% -0.030
10-YR US TSY YLD 3.4547 -- 0.000
SPOT GOLD 1345.95 0.04% 0.550
US CRUDE 89.5 -0.10% -0.090
DOW JONES 11822.80 -0.02% -2.49
ASIA ADRS 142.64 -1.12% -1.61
-------------------------------------------------------------

> Dow, S&P dip as F5 view hits Nasdaq, Google up late
> U.S. Treasuries fall as supply worries deepen
> Dollar clings to gains; euro resilient
> Gold hits two-month low on China tightening fear
> Oil dips 2 pct on China fears, U.S. stockpiles

Stocks and factors to watch:

-- MAPLETREE LOGISTICS TRUST

- Mapletree Logistics Trust said on Thursday its
fourth-quarter distribution per unit fell 2.5 percent
year-on-year to S$1.55. But excluding the one-off S$2.5 million
consideration to extend leases and licenses, DPU rose 4.7
percent.

-- ASCOTT RESIDENCE TRUST

- Ascott Residence Trust said on Friday its fourth-quarter
distribution per unit rose 16 percent year-on-year to S$2.16.
Revenue increased 58 percent to S$72.8 million, helped by the
additional revenue from 28 properties injected into the firm's
portfolio.

-- CAPITALAND

- CapitaLand, Southeast Asia's largest property developer,
said on Thursday some of the operations, investment properties
and developments of its Australian unit Australand have been
affected by the recent floods in Queensland.

-- DUKANG DISTILLERS

- Dukang Distillers, a Singapore-listed Chinese producer and
seller of alcohol products, said on Thursday it had received
approval from Taiwan authorities for the listing of 130 million
Taiwan Depository Receipts on the Taiwan Stock Exchange.

- Singapore's benchmark Straits Times Index was
down 1.13 percent on Thursday to 3,205.48 points.

- The Dow Jones industrial average lost 0.02 percent
to finish at 11,822.80. The Standard & Poor's 500 Index
retreated 0.13 percent to 1,280.26. The Nasdaq Composite Index
fell 0.77 percent to 2,704.29.

ASIA-PACIFIC STOCK MARKETS:

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Australia/NZ India

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(Reporting by Eveline Danubrata, editing by Miral Fahmy)