Singapore Hot Stocks-Straits Asia, SIA, SingTel in the spotlight

SINGAPORE, Oct 9 (Reuters) - Singapore-listed coal miner,
Straits Asia Resources STRL.SI, will be in the spotlight on
Friday after the company announced its new coal loading
facility at its mining site in Indonesia's East Kalimantan has
collapsed due to heavy rain.

U.S. stocks rose on Thursday as a surprising quarterly
profit from Alcoa Inc (AA.N) got third-quarter earnings off to
a strong start. ----------------------MARKET SNAPSHOT @ 2322
GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1065.48 0.75% 7.900
USD/JPY JPY= 88.71 0.41% 0.360
10-YR US TSY YLD US10YT=RR 3.2477 -- 0.000
SPOT GOLD XAU= 1050.6 -0.32% -3.400
US CRUDE CLc1 71.33 -0.50% -0.360
DOW JONES .DJI 9786.87 0.63% 61.29
ASIA ADRS .BKAS 123.89 1.71% 2.08
-------------------------------------------------------------
> Wall St gains as Alcoa's profit bolsters optimism [.N] >
Dollar hurt by push to riskier assets; Aussie soars [USD/] >
Bonds fall on poorly received 30-year bond sale [US/] >
Gold rises to record above $1,060/oz on weak dollar [GOL/] >
Oil rises above $71 on recovery hope, weak dollar [O/R]

Stocks and factors to watch:

-- STRAITS ASIA RESOURCES STRL.SI

- Straits Asia Resources said on Thursday the new coal
loading facility at its Jembayan mine in Indonesia's East
Kalimantan province has collapsed due to heavy rain. UBS said
it may cut its target price if disruptions last longer than 6
months. [ID:nSIN326650]

- Credit Suisse raised its target price to S$1.25 from
S$0.90 as the brokerage priced in the benefit from its Sebuku
boundary resolution by extending the reserve life of that mine
at the increased production rate. However the brokerage house
lowered its 2009 earnings estimates by 11-14 percent after the
collapse of a coal loading facility at its Jembayan mine.

-- SINGAPORE AIRLINES (SIAL.SI)

- Morgan Stanley upgraded its recommendation on Singapore
Airlines (SIAL.SI) to "overweight" from "underweight", citing a
possible global economic recovery in 2010 which would boost
premium travel. [ID:nSIN497358]

- HSBC said in a research report on Friday that the
recovery of premium airline passenger is likely to continue
however it said Singapore Airlines' recovery might lagged its
Asian rival Cathay Pacific (0293.HK).

- Too see the latest BUY OR SELL on Asian Airlines, please
click [ID:nT120055]

-- SINGAPORE TELECOMMUNICATIONS (STEL.SI)

- Citigroup downgraded its recommendation on Singapore
Telecommunications (SingTel), Southeast Asia's largest
telecommunication company, to "hold" from "buy" after the
brokerage cut the ratings on its Indian affiliate, Bharti
Airtel (BRTI.BO).

- SingTel said on Friday its wholly-owned unit Optus has
priced its $500 million 10-year notes at 4.625 percent a year.
[ID:nSIN498152]

- Singapore's benchmark Straits Times Index .FTSTI rose
0.62 percent to 2,650.95 on Thursday.

- The Dow Jones Industrial Average .DJI rose 0.63 percent
to 9,786.87 points. The Nasdaq Composite Index .IXIC rose
0.64 percent to 2,123.93 points.
(Reporting by Harry Suhartono, editing by Jeremy Laurence)