Singapore Hot Stocks-NOL in focus after Q3 loss, profit warning

Thu Oct 29, 2009 8:03pm EDT

 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)











































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