Singapore Hot Stocks-Oil plays rise after newspaper report

SINGAPORE, July 12 (Reuters) - Singapore's Straits Times Index .STI was up 1.04 percent at 0625 GMT.

Stocks and factors to watch:

Shares of SembCorp Marine (SCMN.SI) and Keppel Corp. (KPLM.SI), the world's top two offshore oil rig makers, rose after a local newspaper published a bullish story on Singapore-listed oil plays.

SembCorp Marine rose as much as 5.8 percent to hit a record S$5.50, while Keppel Corp. climbed as much as 2.4 percent to S$12.70.

"The story is splashed over the first page of the Money pages. It'll give some people a sort of trading lead," said a local dealer.

The Straits Times report on Thursday, said oil prices and the booming marine industry are lifting oil-related and marine stocks in Singapore.

London Brent crude LCOc1, currently seen as the best indicator of the global oil market, hit an 11-month high of $76.63 a barrel on Tuesday and was trading at $75.64 a barrel at 0635 GMT on Thursday.

0636 GMT

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