Singapore Stocks - Factors to watch on Jan 21

Mon Jan 21, 2013 12:30am GMT

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Following are some company-related and market news which could
have an impact on the local market.
 
                                                                       
 ----------------------MARKET SNAPSHOT @ 0024 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1485.98      0.34%     5.040
 USD/JPY                          89.88       -0.19%    -0.170
 10-YR US TSY YLD                 1.8399          --     0.000
 SPOT GOLD                        1687.5       0.25%     4.160
 US CRUDE                         95.23       -0.35%    -0.330
 DOW JONES                        13649.70     0.39%     53.68
 ASIA ADRS                        135.22       0.24%      0.32
 -------------------------------------------------------------         
 
    GLOBAL MARKETS-Shares, oil prices rebound on U.S. budget
talk  
    SE ASIA STOCKS-Indonesia at record high, Thailand at 17-1/2
year high 
 
 
    STOCKS TO WATCH
    -- FRASER AND NEAVE LTD, OVERSEAS UNION ENTERPRISE
LTD 
    - Thailand's third richest man has raised his takeover offer
for Singapore's Fraser and Neave Ltd, valuing the property and
drinks conglomerate at nearly $11.3 billion, a move to fend off
a rival bid from a group run by Indonesian tycoon Stephen Riady.
 
    
    -- KEPPEL TELECOMMUNICATIONS & TRANSPORTATION 
    - Keppel T&T said the Securus Fund, a Shariah-compliant data
centre fund which it co-sponsors with AEP Capital, saw its
second closing with capital commitments totalling $170 million,
of which $50 million came from Keppel T&T. 
    
    -- CITY DEVELOPMENTS LTD 
    - City Development's hotel arm Millennium & Copthorne Hotels
plc said its wholly-owned subsidiary has agreed to buy a plot of
land in Seoul, Korea for 17.23 million pounds ($27.33 million).
 
    
    -- LIZHONG WHEEL GROUP LTD 
    - Lizhong Wheel said it is cooperating with Indian
authorities regarding an investigation on alleged dumping of
12-24 inches aluminium wheels imported from China. The company
makes 12-24 inches aluminium wheels and exports them to India,
and may have been offered preferential anti-dumping tax rates.
 
    
    MARKET NEWS
 
 > Nikkei edges down with BOJ move priced in              
 > Dow, S&P 500 end at 5-yr highs on early earnings beats 
 > Bond prices climb as buyers emerge after sell-off     
 > Yen sees no reprieve as BOJ meeting looms            
 > Gold slightly lower after weak U.S. consumer data    
 > Brent crude up on debt limit proposal, supply worries 
 > 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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