Singapore Hot Stocks-Ascendas REIT in focus after property buy

SINGAPORE, May 12 (Reuters) - Ascendas Real Estate
Investment Trust (AEMN.SI) may be in focus on Monday after it
agreed to buy a business park building owned by Creative
Technology (CREA.SI) for S$246.8 million ($181 million).

U.S. stocks fell on Friday as the price of oil set another
record and concerns about the financial sector flared up again
after American International Group Inc (AIG.N) reported a
massive loss. ----------------------MARKET SNAPSHOT @ 2347 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1388.28 -0.67% -9.400
USD/JPY JPY= 102.72 -0.24% -0.250
10-YR US TSY YLD US10YT=RR 3.7635 -- -0.015
SPOT GOLD XAU= 887.6 0.42% 3.700
US CRUDE CLc1 126.12 0.13% 0.140
DOW JONES .DJI 12745.88 -0.94% -120.90
ASIA ADRS .BKAS 162.65 -0.76% -1.24
------------------------------------------------------------- >
Stocks on hold, with oil a hurdle [.N] > Dollar down as credit
market concern rises [USD/] > Prices edge up on renewed credit
concerns [US/] > Platinum ends sharply higher on ETN launch,
gold up [GOL/] > Oil hits record $126 on supply worry, fund
buying [O/R]

Stocks and factors to watch:

-- Ascendas REIT (AEMN.SI)

Ascendas Real Estate Investment Trust said that it has
entered an agreement to acquire a S$246.8 million business park
building owned by Creative Technology (CREA.SI).
[ID:nSIN167364]

-- China Aviation Oil (CNAO.SI)

Jet fuel supplier China Aviation Oil (Singapore) (CNAO.SI)
said that it has appointed Meng Fanqiu as chief executive
officer, filling a position left vacant since 2006 when his
predecessor was jailed for a trading scandal. [ID:nSIN104979]

-- Mercator Lines (Singapore) Ltd (MRTL.SI)

Bulk shipper Mercator Lines (Singapore) Ltd (MRTL.SI) wants
to raise more debt to fund an aggressive fleet expansion plan,
but at the same time maintain a high cash flow to pay its
shareholders well. [ID:nSP143580]

-- Fraser and Neave (FRNM.SI)

Conglomerate Fraser and Neave said its second-quarter net
profit fell by 9.8 percent. [ID:nSN5900731]

- Singapore's sovereign fund GIC, one of the world's
biggest state-owned investors, warned that risks to the global
economy could rise in the next 12 months due to falling house
prices and a spike in energy costs. [ID:SP33894]

- Singapore's benchmark Straits Times Index .FTSTI fell
0.31 percent to 3,162.03 points on Friday.

- The Dow Jones Industrial Average .DJI lost 0.94 percent
to 12,745.88 points, and the Nasdaq Composite Index .IXIC
dropped 0.23 percent to 2,445.52 points.
(Reporting by Tan Wei Xin; Editing by Saeed Azhar)