Singapore Stocks-Poor SIA earnings may weigh

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Fri Feb 3, 2012 12:13am GMT

 SINGAPORE, Feb 3 (Reuters) - Singapore shares may open
lower with Singapore Airlines stock likely to be under
pressure after poor earnings while investors will be reluctant
to take fresh positions ahead of key U.S. employment report on
Friday.	
 SIA posted a worse-than-expected 53 percent fall in its
third quarter net profit and as it expects to see a further
deterioration in its business. 	
                                                                      
 ----------------------MARKET SNAPSHOT @ 0007 GMT ------------
                  INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1325.54      0.11%     1.450
 USD/JPY                          76.13       -0.13%    -0.100
 10-YR US TSY YLD                 1.823           --     0.000
 SPOT GOLD                        1756.39     -0.17%    -3.000
 US CRUDE                         96.61        0.26%     0.240
 DOW JONES                        12705.41    -0.09%    -11.05
 ASIA ADRS                        127.22       0.66%      0.84
 -------------------------------------------------------------            
 
 	
  	
> Wall St holds steady as payrolls set to test rally     	
> Prices little changed on jobs hope, Europe concerns   	
> G3 currencies subdued ahead of US jobs test          	
> Gold rises to two-month high, awaits U.S. payrolls   	
> Brent up, US crude down, premium near 3-month high    	
      	
 Stocks and factors to watch: 	
 -- STARHUB LTD 	
 - StarHub Ltd, Singapore's second largest telecom
firm, on Thursday posted a 15 percent rise in fourth quarter net
profit and said it expects operating revenue to grow in the low-
single-digit range this year. 	
 	
 -- GLOBAL LOGISTIC PROPERTIES LTD 	
 - Global Logistic Properties, which owns and operates
warehouses in China and Japan, said on Thursday it plans to
build a multi-tenant logistics facility in Japan's Soja City at
an estimated cost of $103 million. 	
 	
 -- KEPPEL CORP LTD 	
 - Rig builder Keppel Corp said it has increased the limit of
its multi-currency medium term note programme to $1.2 billion
from $600 million. Proceeds raised will be used for corporate or
working capital purposes. 	
 	
 -- CHOSEN HOLDINGS LTD 	
 - Chosen, which makes components for electronics, said it is
likely to report a loss for the six months ended December, due
to write-offs for its assets and expenses resulting for the
floods in Thailand. 	
  	
 - Singapore's benchmark Straits Times Index fell
0.13 percent on Thursday to 2,901.04 points. 	
 - The Dow Jones industrial average lost 0.09 percent
at 12,705.41. The Standard & Poor's 500 Index gained 0.11
percent to 1,325.54. The Nasdaq Composite Index rose
0.40 percent to 2,859.68. 	
 	
 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  	
      	
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 (Reporting by Charmian Kok)	
 
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