Singapore Stocks - Factors to watch on Nov 20

Tue Nov 20, 2012 12:55am GMT

Related Topics

Quotes

   

SINGAPORE, Nov 20 (Reuters) - Following are some
company-related and market news which could have an impact on
the local market.
                                                                       
 ----------------------MARKET SNAPSHOT @ 0031 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1386.89      1.99%    27.010
 USD/JPY                          81.32        -0.1%    -0.080
 10-YR US TSY YLD                 1.608           --    -0.005
 SPOT GOLD                        1730.44     -0.06%    -1.010
 US CRUDE                         88.97       -0.35%    -0.310
 DOW JONES                        12795.96     1.65%    207.65
 ASIA ADRS                        120.54       1.52%      1.81
 -------------------------------------------------------------         
 
    GLOBAL MARKETS-Risk assets soar on US fiscal cliff hopes
 
    SE ASIA STOCKS-Mixed; Greece debt concerns weigh ahead of
key meeting 
 
 
    STOCKS TO WATCH
    -- OLAM INTERNATIONAL LTD 
    - Commodities firm Olam International requested for a halt
in the trading of its shares "pending clarification".
 
    
    -- NERA TELECOMMUNICATIONS LTD 
    - Northstar Group, which manages $1.2 billion in committed
equity capital dedicated to Southeast Asia, said it had agreed
to buy a controlling 50.05 percent stake in Singapore's Nera
Telecommunications from Eltek ASA.
      As a result of the deal, Northstar will launch a general
offer for all the shares it does not own at S$0.49 a share. Nera
shares were last traded at S$0.52.
    
    -- UNITED OVERSEAS BANK LTD 
    - Singapore's United Overseas Bank said its unit, UOB Asset
Management Ltd, had agreed to acquire ING Funds (Thailand)
Company Ltd for 10 million euros ($12.8 million). The completion
of the acquisition is conditional upon regulatory approvals in
Europe, Thailand and Singapore, UOB said. 
    
    -- YOMA STRATEGIC HOLDINGS LTD 
    -  Myanmar-focused property developer Yoma Strategic
launched a share sale on Monday to fund the building of a luxury
real estate project in the frontier market, coinciding with the
historic visit by U.S. President Barack Obama. 
    
    -- NOBLE GROUP LTD 
    - International grains exporter Noble Group Ltd plans to
build a soy-crushing plant in Paraguay, the world's No. 4
exporter of the oilseed, an industry group in the South American
country said. 
    
   MARKET NEWS
 > Nikkei seen rising as fiscal cliff fears recede        
 > Budget talk optimism spurs Wall Street rally           
 > Prices dip on hopes budget crisis can be avoided      
 > Euro nears 2-week high on Greece, US budget optimism 
 > Gold up on hopes over 'fiscal cliff' talks, Greece   
 > Oil rises on Mideast tensions, US optimism            
 > 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
    US 
    Europe 
    Asia   
    
    DIARIES & DATA: 
    Singapore diary     
    U.S. earnings diary     
    European diary      
    Asia Macro         
        
    TOP NEWS
    Front Page         Asian companies 
    U.S. company News European companies 
    Forex news          Global Economy 
    Tech, Media and Telecoms 
    Financials          General/political 
    A multimedia version of Reuters Top News is available at:
FILED UNDER: