Singapore Stocks - Factors to watch on Jan 17

SINGAPORE, Jan 17 - Following are some company-related and
market news which could have an impact on the local market.

----------------------MARKET SNAPSHOT @ 0005 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1472.63 0.02% 0.290
USD/JPY 88.73 0.4% 0.350
10-YR US TSY YLD 1.8255 -- 0.007
SPOT GOLD 1680.05 0.07% 1.160
US CRUDE 94.14 -0.11% -0.100
DOW JONES 13511.23 -0.17% -23.66
ASIA ADRS 133.68 -0.82% -1.11
-------------------------------------------------------------

GLOBAL MARKETS-Shares flat as financials offset growth
concerns
SE ASIA STOCKS-Thai stocks fall further; Indonesia at record

STOCKS TO WATCH
-- SC GLOBAL DEVELOPMENTS LTD, WHEELOCK PROPERTIES
(SINGAPORE) LTD
- Shares of property developer SC Global that are freely
traded on the Singapore Exchange have fallen below 10 percent of
the firm's issued shares, paving the way for its delisting.

- Wheelock Properties (Singapore) has sold its entire 17.9
percent stake in SC Global to its chairman and chief executive
Simon Cheong for S$133.5 million ($109.09 million).

-- OLAM INTERNATIONAL LTD
- Singapore state investor has raised its stake in commodity
trader Olam to 20 percent from 19.99 percent by buying shares on
the open market, a stock exchange filing showed.

MARKET NEWS

> Nikkei seen recovering slightly after sharp fall
> S&P 500 ends flat as bank profits temper growth concerns
> U.S. bond prices rise on view on Fed purchases
> Euro still looking for inspiration, yen firm
> Platinum up as South Africa crisis stirs supply fears
> Oil rises on Algerian gas field attack, US stock draw
> Key political risks to watch in Singapore

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