Singapore Hot Stocks-Banks in focus after DBS profit jump
SINGAPORE, Nov 6 (Reuters) - Singapore's banks will be in
focus on Friday after DBS Group (DBSM.SI) reported a 49 percent
surge in third quarter profit, the latest in a series of
better-than-expected results for the city-state's lenders.
U.S. stocks jumped on Thursday, pushing the S&P up for a
fourth day, as economic data boosted confidence in the recovery
and strong results from Cisco Systems (CSCO.O) suggested a
rebound in technology spending. ----------------------MARKET
SNAPSHOT @ 0030 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1066.63 1.92% 20.130 USD/JPY JPY= 90.66 -0.02% -0.020 10-YR US TSY YLD US10YT=RR 3.5312 -- 0.004 SPOT GOLD XAU= 1088.6 -0.09% -0.950 US CRUDE CLc1 79.78 0.20% 0.150 DOW JONES .DJI 10005.96 2.08% 203.82 ASIA ADRS .BKAS 122.66 1.35% 1.63 ------------------------------------------------------------- > Wall St rallies on economic data, Cisco [.N] > Dollar steadies ahead of October jobs report [USD/] > Treasuries-Steady rate outlook supports short end [US/] > Gold falls on investor disappointment, eyes $1,100 [GOL/] > Oil stays below $80 after 1 pct decline [O/R]
Stocks and factors to watch:
-- DBS (DBSM.SI)
DBS Group, Southeast Asia's biggest bank, said it was well positioned to take advantage of an emerging economic recovery after reporting a 49 percent jump in third-quarter profit, fuelled by higher interest margins and lower bad debt charges. [ID:nSIN12742]
-- SINO TECHFIBRE (SNTH.SI)
- Sino Techfibre announced third quarter results [nSNB600071]
-- UNITED ENVIROTECH (UNIT.SI)
- United Envirotech announced its second quarter results [nSNB561131]
-- KSH Holdings (KSHH.SI)
-- KSH announced first half results [nSNB521091]
-- JIUTIAN CHEMICAL GROUP (JUTN.SI)
- Jiutan announced third quarter results [nSNB520991]
-- PARKWAY LIFE REIT (PWLR.SI)
- Parkwaylife Reit posted third quarter results [nSNB530701]
- Singapore's benchmark Straits Times Index .FTSTI slipped 0.73 percent to 2,629.35 points on Thursday.
- The Dow Jones industrial average .DJI climbed 2.08 percent higher, to end at 10,005.96 points. The Nasdaq Composite Index .IXIC rose 2.42 percent to close at 2,105.32 points. (Editing by Neil Chatterjee)
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