November 16, 2012 / 12:50 AM / in 5 years

Singapore Stocks - Factors to watch on Nov 16

3 Min Read

Following are some company-related and market news which could have an impact on the local market.

--------------------MARKET SNAPSHOT @ 0020 GMT ------------

Instrument Last Pct Chg Net Chg

S&P 500 1353.33 -0.16% -2.160

Usd/Jpy 81.12 -0.02% -0.020

10-Yr Us Tsy Yld 1.5978 -- 0.003

Spot Gold 1716 0.05% 0.810

Us Crude 85.48 0.04% 0.030

Dow Jones 12542.38 -0.23% -28.57

Asia Adrs 117.34 1.24% 1.44


GLOBAL MARKETS-Shares drop on global economic worries

SE ASIA STOCKS-Singapore at 4-month low

Singapore cuts 2012 GDP outlook, Q3 worse than forecast

Stocks to Watch

- Fraser & Neave, Oue

A consortium led by Overseas Union Enterprise Ltd launched a S$13.1 billion ($10.7 billion) bid for Fraser and Neave Ltd (F&N), trumping a takeover offer from Thailand's third-richest man for the Singapore conglomerate.

The consortium is offering S$9.08 per share for F&N, beating the Thai offer of S$8.88 a share.

The new offer, made at a discount to F&N's last traded price of S$9.13, values the company in the middle of the S$11.9 billion-16.1 billion range estimated by F&N's independent financial adviser, JP Morgan.

Singapore Airlines

Passenger load factor (PLF) at the airlines edged up to 77.8 percent in October from 76.7 percent a year ago, while cargo load factor fell to 63.9 percent from 66.3 percent.

"Systemwide PLF improved on the back of increased promotional activities, especially on long haul sectors to Americas and Europe route regions," the airlines said in a statement.

"PLF on the South West Pacific route region declined as growth in demand was outpaced by the increase in capacity. Ongoing efforts to stimulate demand will continue to put pressure on yields."

MARKET NEWS > Nikkei up after calls for BOJ easing by next likely PM > Wall St ends flat as wary investors stay defensive > U.S. debt prices edge up on "fiscal cliff" worries > Yen steadies after plunge on BOJ easing expectations > Gold falls to 1-week low on global economic worries > Oil drops on weak economic data > 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




Diaries & Data:

Singapore diary

U.S. earnings diary

European diary

Asia Macro

Top News

Front Page Asian companies

U.S. company News European companies

Forex news Global Economy

Tech, Media and Telecoms

Financials General/political

A multimedia version of Reuters Top News is available at:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below