Singapore Stocks-May open higher; Genting, SingTel in focus
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.
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(Local currency) LME price overview (Reporting by Eveline Danubrata; Editing by Kevin Lim)
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