Singapore Stocks - Factors to watch on Jan 11

Fri Jan 11, 2013 12:25am GMT

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Following are some company-related and market news which could
have an impact on the local market.
                                                                        
 ----------------------MARKET SNAPSHOT @ 0016 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1472.12      0.76%    11.100
 USD/JPY                          89.16        0.43%     0.380
 10-YR US TSY YLD                 1.9224          --     0.023
 SPOT GOLD                        1671.69     -0.18%    -2.950
 US CRUDE                         94.04        0.23%     0.220
 DOW JONES                        13471.22     0.60%     80.71
 ASIA ADRS                        135.22       1.31%      1.75
 -------------------------------------------------------------          
 
    GLOBAL MARKETS-World shares rise to 8-month high; euro
rallies 
    SE ASIA STOCKS-Most down; outflow concerns further hit
Jakarta 
 
    STOCKS TO WATCH
    -- FRASER AND NEAVE LTD 
    - Thai billionaire Charoen Sirivadhanabhakdi extended his
$7.2 billion offer to take over Singapore property and drinks
conglomerate Fraser and Neave for the sixth time, until Jan. 15.
 
    
    -- NAM CHEONG LTD 
    - Nam Cheong said it is issuing up to 190 million new shares
to be sold at S$0.255 each, which represents a discount of about
9.7 percent to the weighted average price on Jan. 10. Most of
the proceeds will be used to fund expenditure for shipbuilding
projects and its vessel chartering business. 
    
    -- STX OSV LTD HOLDINGS LTD 
    - Offshore ship builder STX OSV said Tidewater Inc 
has acquired contracts for three platform supply vessels under
construction at STX OSV's yard in Norway.
    
    -- SINGAPORE TECHNOLOGIES ENGINEERING LTD 
    - ST Engineering said its aerospace arm has secured new
contracts worth about S$450 million in the fourth quarter of
2012 for airframe, component and engine maintenance works.
    
    MARKET NEWS
 
 > Sell-off runs into 4th day on Europe, US debt worries  
 > Prices fall on ECB talk, but debt sale tempers losses 
 > Yen pummeled to 2 1/2-year low vs dollar on BOJ talk 
 > Gold tops $1,675 on ECB comments; PGMs up on China   
 > Oil rises after Saudi Arabia cuts output              
 > 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:
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