Singapore Stocks - Factors to watch on Nov 8

Thu Nov 8, 2012 12:20am GMT

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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      
 
    ASIA-PACIFIC STOCK MARKETS
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
     
    OTHER MARKETS
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
         
    STOCKS NEWS
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    Asia Macro         
        
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