Singapore Stocks - Factors to watch on Nov 8

Following are some company-related and market news which could
have an impact on the local market.

----------------------MARKET SNAPSHOT @ 0013 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1394.53 -2.37% -33.860
USD/JPY 79.9 -0.11% -0.090
10-YR US TSY YLD 1.6795 -- 0.035
SPOT GOLD 1716.25 0.00% -0.060
US CRUDE 84.68 0.28% 0.240
DOW JONES 12932.73 -2.36% -312.95
ASIA ADRS 119.77 -1.42% -1.72
-------------------------------------------------------------

GLOBAL MARKETS-Stocks sink on fiscal angst after US vote,
euro slips
SE ASIA STOCKS-Most rebound; Singapore at two-week highs

STOCKS TO WATCH
-- OVERSEAS UNION ENTERPRISE LTD, FRASER AND NEAVE
LTD
- Overseas Union Enterprise said it would decide by
mid-November whether to bid for Fraser and Neave, one day before
an existing takeover offer by a Thai billionaire lapses.

-- UNITED OVERSEAS BANK LTD
- United Overseas Bank, the smallest of Singapore's three
banking groups, on Wednesday posted an almost 36 percent rise in
third-quarter net profit, helped by strong fee and commission
income and trading gains.

-- SINGAPORE TECHNOLOGIES ENGINEERING LTD
- ST Engineering said its third quarter net profit rose 9
percent from a year ago to S$146.4 million, helped by strong
earnings from its land systems sector.

-- EZRA HOLDINGS LTD
- Offshore oil and gas firm Ezra Holdings said its subsea
arm, EMAS AMC, had won two contracts with South Korean companies
worth a total of $200 million.

-- MIDAS HOLDINGS LTD
- Midas Holdings said it would report a net loss for the
third quarter, due to lower revenue, higher operating expenses
and finance costs, as well as a loss from its associated company
Nanjing SR Puzhen Rail Transport.
MARKET NEWS
> Nikkei sheds 1.1 pct on U.S. fiscal concerns
> Wall St sinks after election as 'fiscal cliff' eyed
> Bond prices jump as Obama win drives monetary policy
> Yen rallies on risk aversion; NZD hit by jobs data
> Gold up but off highs, post-election fiscal crisis eyed
> Oil down about 4 pct, fiscal cliff looms after US vote
> Key political risks to watch in Singapore

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