Singapore Stocks-May tread lower; Parkway Life in focus

SINGAPORE, Jan 30 (Reuters) - Singapore shares may
tread lower on Monday, weighed by slower-than-expected growth in
the United States and as poor earnings from major blue chips
such as Chevron Corp dragged on U.S. equity indices.
Parkway Life Real Estate Investment Trust may be
in focus after it posted a 3.2 percent increase in its fourth
quarter distribution per unit to 2.47 Singapore cents, helped by
higher rents in Singapore and contributions from a recently
acquired nursing home in Japan.

----------------------MARKET SNAPSHOT @ 0001 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1316.33 -0.16% -2.100
USD/JPY 76.71 0.05% 0.040
10-YR US TSY YLD 1.8858 -- -0.005
SPOT GOLD 1737.14 0.00% -0.060
US CRUDE 99.53 -0.03% -0.030
DOW JONES 12660.46 -0.58% -74.17
ASIA ADRS 125.33 0.19% 0.24
-------------------------------------------------------------

> Wall St cuts losses on late buying, more gains seen
> U.S. bond prices gain on Europe worries
> Perky euro clings to Greece hopes, summit eyed
> Gold rises for third day after soft U.S. GDP data
> Brent up on Iran; refinery work lifts U.S. gasoline

Stocks and factors to watch:
-- MEWAH INTERNATIONAL INC
- Palm oil firm Mewah said a court has dismissed all charges
against its subsidiary Mewah-Oils Sdn Bhd and its chairman Cheo
Tong Choon. Both had been accused of receiving stolen crude palm
oil and falsifying customs-related documents.

-- SBI OFFSHORE LTD
- Oil and gas firm SBI Offshore said on Saturday it has won
$30 million worth of new orders since the start of the year from
its customers, including rig builders in Asia and international
drilling contractors.

-- MICRO-MECHANICS (HOLDINGS) LTD
- Micro-Mechanics, which makes high precision tools, said
its net profit for the six months ended December fell 47 percent
to S$2 million, hurt by slower sales due to global
uncertainties.

- Singapore's benchmark Straits Times Index rose
0.75 percent on Friday to 2,916.26 points.
- The Dow Jones industrial average lost 0.58 percent
to 12,660.46. The Standard & Poor's 500 Index retreated
0.16 percent to 1,316.33. The Nasdaq Composite Index
gained 0.40 percent to 2,816.55.

ASIA-PACIFIC STOCK MARKETS:
Japan S.Korea China
Hong Kong Taiwan SE Asia
Australia/NZ India

OTHER MARKETS:
Wall Street Gold Currency
Eurostocks Oil JP bonds
ADR Report LME metals US bonds

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(Reporting by Charmian Kok; Editing by Kevin Lim)