Singapore Stocks - Factors to watch on March 26

Tue Mar 26, 2013 12:33am GMT

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SINGAPORE, March 26 (Reuters) - Following are some
company-related and market news which could have an impact on
the local market.
                                                               
 ----------------------MARKET SNAPSHOT @ 0027 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1551.69     -0.33%    -5.200
 USD/JPY                          93.96        -0.2%    -0.190
 10-YR US TSY YLD                 1.9233          --     0.003
 SPOT GOLD                        1603.74     -0.07%    -1.160
 US CRUDE                         94.72       -0.09%    -0.090
 DOW JONES                        14447.75    -0.44%    -64.28
 ASIA ADRS                        135.59      -0.43%     -0.58
 ------------------------------------------------------------- 
 
    GLOBAL MARKETS-Shares, euro retreat as Cyprus deal stirs
unease 
    SE ASIA STOCKS-Rebound on Cyprus deal; Thai stocks lead
 
 
    STOCKS TO WATCH
    -- DBS GROUP HOLDINGS LTD 
    - Indonesia's finance minister pressed his demand for the
need for reciprocity over foreign bank licences, adding pressure
on Singapore to open its banking sector if the year-old bid by
DBS Group for a local bank is to go ahead. His comments were a
reference to DBS's bid for Indonesia's Bank Danamon.
 
    
    -- CAPITAMALL TRUST 
    - CapitaMall Trust Management has established a distribution
reinvestment plan, in which unit holders may elect to receive
new units in lieu of part only or all of the cash amount of any
distribution to which the plan applies. 

    -- TIONG SENG HOLDINGS LTD 
    - Property developer Tiong Seng has won two contracts worth
S$223.4 million ($179.5 million) for proposed development of
private housing in Singapore. 

    -- LIAN BENG GROUP LTD 
    - Construction firm Lian Beng won a S$220 million ($176.8
million) contract from Mount V Development Pte Ltd for proposed
condominium development in Singapore. 
    
    -- BBR HOLDINGS (S) LTD 
    - BBR Holdings won a contract worth S$102.8 million ($82.6
million) from Singapore's Housing and Development Board (HDB) to
build 755 flats. 
    
    -- SWISSCO HOLDINGS LTD 
    - Marine service provider Swissco Holdings has diversified
its business model to move higher in the value chain as it
enters the oil rigs sector. 
    
 MARKET NEWS
 > Japan's Nikkei falls on Cyprus deal worries            
 > Wall St ends lower on renewed Cyprus worries           
 > Prices gain as Cyprus comments spark worry over banks 
 > Euro recoils as Cyprus deal stings; BOJ in focus     
 > Gold above $1,600/oz, euro zone worries support      
 > Oil rises in choppy trade after Cyprus bailout deal   
 > 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         
        
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    U.S. company News European companies 
    Forex news          Global Economy 
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