Singapore Stocks-May open higher; Genting, SingTel in focus

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Mon Feb 7, 2011 12:14am GMT

 SINGAPORE, Feb 7 (Reuters) - Singapore shares may open
higher on Monday, tracking a rise in Japanese stocks and helped
by Wall Street's stronger finish on Friday. 	
 Casino operator Genting Singapore may be in focus
after Las Vegas Sands Corp reported strong earnings from
its Marina Bay Sands casino in Singapore. 	
 -------------------- MARKET SNAPSHOT @ 2357 GMT ------------
 INSTRUMENT                        LAST      PCT CHG   NET CHG
 S&P 500                    1310.87      0.29%     3.770
 USD/JPY                    82.22        0.02%     0.020
 10-YR US TSY YLD      3.6397          --     0.000
 SPOT GOLD                  1344.04     -0.21%    -2.860
 US CRUDE                   89.34        0.35%     0.310
 DOW JONES                  12092.15     0.25%     29.89
 ASIA ADRS                 144.87      -0.27%     -0.39
 -------------------------------------------------------------
   	
> S&P 500 posts best week in nine, tech leads            	
> US bonds swoon on inflation, rate-hike jitters        	
> Dollar up as US unemployment falls, more gains seen  	
> Gold retreats on Egypt report, safe haven fades      	
> Oil falls on unfounded Egypt report, profit-taking    	
      	
 Stocks and factors to watch: 	
 -- SINGAPORE TELECOMMUNICATIONS 	
 - Advanced Info Service Pcl , Thailand's top mobile
phone operator which is 21 percent owned by SingTel, last
Thursday rejected a request by state-owned telecoms firm TOT for
$2.4 billion in compensation for losses resulting from
concession changes. 	
  	
 -- UNITED FIBER SYSTEM 	
 - United Fiber, a forestry and pulp firm, said on Monday a
judge has ruled in favour of China National Machinery and
Equipment Import and Export Corp (CMEC) which has demanded
payment of $19.7 million from United Fiber. 	
 	
 -- PACIFIC SHIPPING TRUST 	
 - Pacific Shipping Trust, which acquires vessels and leases
them to shipping companies, said on Monday it has appointed Lim
Sim Keat as chief executive officer. Lim's appointment at the
firm will take effect in March this year. 	
 	
 -- UOL GROUP 	
 - UOL Group said on Wednesday it had promoted its chief
operating officer Liam Wee Sin to president. He will be
responsible for day-to-day management of the property division
of UOL Group, except for finance and legal matters.
 	
  	
 - Singapore's benchmark Straits Times Index rose
0.83 percent on Wednesday to 3,211.12 points. The Singapore
market was closed on Thursday and Friday for Chinese New Year.	
 -The Dow Jones industrial average gained 0.25 percent
on Friday to finish at 12,092.15. The Standard & Poor's 500
Index advanced 0.29 percent to 1,310.87. The Nasdaq
Composite Index rose 0.56 percent to 2,769.30.	
 	
 ASIA-PACIFIC STOCK MARKETS: 	
 Japan             S.Korea       China   	
 Hong Kong        Taiwan        SE Asia 	
 Australia/NZ     India      	
 	
 OTHER MARKETS: 	
 Wall Street       Gold         Currency  	
 Eurostocks       Oil           JP bonds  	
 ADR Report      LME metals  US bonds  	
      	
 STOCKS NEWS US, Europe, Asia: 	
   	
 DIARIES & DATA: 	
 IPO diary & data 	
    U.S. earnings diary 	
   Singapore diary 	
      Eurostocks Week Ahead 	
  Asia earnings diary 	
   European diary 	
 Wall Street Week Ahead 	
 TOP NEWS: 	
   Asian companies       U.S. company
News 	
   European companies    Forex news 	
 Global Economy       Technology 	
 Telecoms            Media news 	
   Banking news           
General/political 	
 Asia Macro 	
 A multimedia version of Reuters Top News is available at: 	
 topnews.session.rservices.com 	
 LIVE PRICES & DATA: 	
 World Stocks <0#.INDEX>        Currency rates  	
 Dow Jones/NASDAQ  Nikkei 	
 FTSE 100 Debt <0#USBMK=> 	
 (Local currency) LME price overview 	
	
 (Reporting by Eveline Danubrata; Editing by Kevin Lim)	
 
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