Singapore Hot Stocks-Financials, commodity stocks in focus

SINGAPORE, Feb 18 (Reuters) - Singapore financials and
commodity stocks may be in focus on Wednesday after U.S.
financial stocks sank to 14-year lows and the Reuters-Jefferies
CRB .CRB commodities index fell to 6-½ lows on Tuesday.

U.S. stocks slid within striking distance of the November
bear-market low on Tuesday, as grim manufacturing data signaled
the recession is worsening and warnings on risks facing
European banks underscored the continuing toll of the financial
crisis. ----------------------MARKET SNAPSHOT @ 0002 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 789.17 -4.56% -37.670
USD/JPY JPY= 92.27 -0.15% -0.140
10-YR US TSY YLD US10YT=RR 2.6533 -- 0.000
SPOT GOLD XAU= 967.75 -0.06% -0.600
US CRUDE CLc1 34.95 0.06% 0.020
DOW JONES .DJI 7552.60 -3.79% -297.81
ASIA ADRS .BKAS 81.45 -6.19% -5.37
-------------------------------------------------------------
> Markets sinks to Nov lows on bank, recession fears
[.N] > Euro falls to 2-½ month low on regional banks worries
[USD/] > Bonds rally as stocks slide on bank, economy fears
[US/] > Gold sent to 7-month high by risk averse buyers
[GOL/] > US oil falls 7 pct to below $35 on demand, economy

[O/R]

Stocks and factors to watch:

-- SINGAPORE TECHNOLOGIES ENGINEERING (STEG.SI)

- Singapore Technologies Engineering (STEG.SI), the world's
largest aircraft repair firm, posted a six percent decline in
full year net profit, hurt by lower contributions from its
aerospace arm. [ID:nSGC001027]

-- GREAT EASTERN HOLDINGS LTD (GELA.SI)

- Great Eastern Holdings said its 2008 net profit fell 50
percent from a year earlier due volatile market conditions
including lower insurance operations, higher management
expenses, and lower tax expenses. [ID:nSN2H70831]

-- STATS CHIPPAC (STTS.SI)

- Singapore's chip-packaging and testing firm STATS ChipPAC
said that it will not proceed with an exercise to reduce its
capital because it was unable to obtain debt financing amid the
financial turmoil. [ID:nSGC001028]

-- PINE AGRITECH LTD (PINE.SI)

- Soyabean firm, Pine Agritech said it expects lower profit
for its fourth quarter results compared to the previous
corresponding period due to lower export volume and weaker
domestic demand for the firms' products. [ID:nSN2H20681]

-- SOILBUILD GROUP HOLDINGS LTD (SOIL.SI)

- Property development firm Soilbuild said its 2008 profits
rose 44 percent compared to its previous corresponding results
due to strong contributions from both its residential and
business space operations. [ID:nSN2H80551]

-- EU YAN SANG (EYSI.SI)

- Singapore-listed Chinese medicine firm Eu Yan Sang told
Reuters it expects zero profit growth for the next 12 months,
as retail spending slows amid the global financial crisis.
[ID:nSP355618]

-- EMS ENERGY LTD (EMSE.SI)

- Energy, environmental and water firm EMS Energy said it
expects a loss for its 2008 results and that the loss is
expected to be higher compared to the loss in its previous
financial year results. [ID:nSN2H70381]

-- CHINA AUTO ELECTRONICS GROUP LTD (CHIN.SI)

- Chinese automobile electronics manufacturer China Auto
Electronics Group said the firm does not expect to be
profitable for its fourth quarter and full year results due to
the slowdown in China's auto industry, heavy write down for its
inventories value and losses in its U.S. subsidiaries.
[ID:nSN2H81130]

- Singapore's benchmark Straits Times Index .FTSTI fell
2.55 percent to 1,637.92 points on Tuesday.

- The Dow Jones Industrial Average .DJI dropped 3.79
percent to 7,552.60 points. The Nasdaq Composite Index .IXIC
was down by 4.15 percent to 1,470.66 points.
(Reporting by Laurence Tan; Editing by Neil Chatterjee)