Singapore Hot Stocks-Keppel Corp, SATS in focus after earnings

SINGAPORE, Oct 23 (Reuters) - Keppel Corp (KPLM.SI), the
world's largest offshore oil rig builder, will be in focus on
Friday after reported a 17 percent rise in its quarterly net
profit and Deutsche Bank raised its target price to S$11.20
($8.05) from S$9.40.

U.S. stocks rose on Thursday after quarterly results from
insurer Travelers and regional bank PNC Financial gave a boost
to financial stocks. ----------------------MARKET SNAPSHOT @
2314 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1092.91 1.06% 11.510
USD/JPY JPY= 91.35 0.03% 0.030
10-YR US TSY YLD US10YT=RR 3.4207 -- 0.000
SPOT GOLD XAU= 1060.65 0.06% 0.650
US CRUDE CLc1 81.48 0.36% 0.290
DOW JONES .DJI 10081.31 1.33% 131.95
ASIA ADRS .BKAS 125.50 0.51% 0.64
-------------------------------------------------------------
> Financials drive Wall Street higher; Amazon up late [.N] >
Dollar recovers on bets of sell-off overdone [USD/] >
Stock rally, upcoming supply weigh on prices [US/] >
Gold rises tad as dollar loses ground vs euro [GOL/] >
Oil falls slightly, U.S. jobless claims weigh [O/R]

Stocks and factors to watch:

-- KEPPEL CORPORATION (KPLM.SI)

- Keppel Corp posted on Thursday a lower-than-expected 17.1
percent rise in third quarter net profit, helped by lower
operating costs.

- Deutsche Bank raised on Friday its target price on Keppel
Corp to S$11.20 ($8.05) from S$9.40, but the brokerage keep its
"Buy" recommendation. [ID:nSIN496494]

- J.P.Morgan raised its target price on Keppel slightly to
S$9.70 from S$9.50 and keep its "overweight" rating on the
stock.

-- SINGAPORE AIRPORT TERMINAL SERVICES (SATS) SIAT.SI

- UBS raised its recommendation on Singapore Airport
Terminal Services to "Buy" from "Neutral" and increased its
target price to S$3.00 from S$2.85 previously.

- Singapore Airport Terminal Services reported on Thursday
a 26 percent rise in its quarterly net profit to S$40.9
million. [ID:nSNAM30991]

- Singapore's benchmark Straits Times Index .FTSTI fell
0.39 percent to 2,681.97 points on Thursday.

- Asian stocks are set to gain on Friday after a solid round
of corporate results on Wall Street lifted hopes on a
stabilisation in profitability [ID:nWEL411271]

- The Dow Jones Industrial Average .DJI rose 1.33 percent
to 10,081.31 points while the Nasdaq Composite .IXIC rose
0.68 percent to 2,165.29 points.
(Reporting by Harry Suhartono; Editing by Alex Richardson)