Singapore Hot Stocks-NOL in focus after Q3 loss, profit warning
SINGAPORE, Oct 30 (Reuters) - Neptune Orient Lines, the world's fifth largest container shipping firm, is in the spotlight on Friday after reporting a bigger than expected third quarter loss and warning of significant further losses.
U.S. stocks logged their best one-day percentage gain in three months on Thursday as investors saw data showing the U.S. economy returned to growth in the third quarter as brightening the outlook for profits. ----------------------MARKET SNAPSHOT @ 2337 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1066.11 2.25% 23.480 USD/JPY JPY= 91.47 0.04% 0.040 10-YR US TSY YLD US10YT=RR 3.4955 -- 0.000 SPOT GOLD XAU= 1045.95 0.10% 1.000 US CRUDE CLc1 80.17 0.38% 0.300 DOW JONES .DJI 9962.58 2.05% 199.89 ASIA ADRS .BKAS 122.99 3.47% 4.13 ------------------------------------------------------------- > Wall St jumps as GDP growth spurs optimism [.N] > U.S. dollar fall after GDP as safe-haven flows ease [USD/] > Bonds fall as Q3 GDP raises recovery hopes [US/] > Gold rises towards $1,050/oz on economic optimism [GOL/] > Oil jumps more than $2 after U.S. GDP growth [O/R]
Stocks and factors to watch:
-- NEPTUNE ORIENT LINES (NEPS.SI)
- Neptune Orient Lines reported a bigger-than-expected third quarter loss and warned that losses will continue at least until the first half of 2010. [ID:SGC003352].
- Citigroup recommended "investors (to) accumulate shares on near-term weakness arising from the poorer than expected third quarter results" of Neptune Orient Lines, and maintained its buy rating on the stocks.
-- KEPPEL CORP (KPLM.SI)
- J.P.Morgan said Keppel Corp's target to secure S$2 billion worth of offshore and marine orders in 2010 are below its and consensus estimates and should lead to significant out-performance in the number of new orders.
- CEO of Keppel Offshore and Marine, the world's largest offshore oil rig builder, told Reuters in an interview that it is aiming to secure S$2 billion worth of new orders in 2010, as oil prices return to levels that it sees sustaining exploration projects. [ID:nSIN485606]
-- SINGAPORE POST (SPOS.SI)
- Singapore Post reported a 8.3 percent rise in its second quarter net profit to S$40.5 million ($29.01 million), helped by a strong rise in logistic business and property-related income. [ID:nSNAT50721]
- Singapore's benchmark Straits Times Index .FTSTI fell 0.63 percent to 2,632.31 points on Thursday.
- The Dow Jones Industrial Average .DJI jumped 2.05 percent to 9,962.58 points while the Nasdaq Composite .IXIC rose 1.84 percent to 2,097.55 points. (Reporting by Harry Suhartono; Editing by Alex Richardson)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters