Singapore Stocks - Factors to watch on Sept 17

Sun Sep 16, 2012 8:02pm EDT

Following is some company-related and market news which could
have an impact on the local market.
                                                                       
 ----------------------MARKET SNAPSHOT @ 2359 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1465.77       0.4%     5.780
 USD/JPY                          78.32       -0.08%    -0.060
 10-YR US TSY YLD                 1.8695          --     0.000
 SPOT GOLD                        1774.25      0.27%     4.790
 US CRUDE                         98.98       -0.02%    -0.020
 DOW JONES                        13593.37     0.40%     53.51
 ASIA ADRS                        124.62       1.79%      2.19
 -------------------------------------------------------------         
 
    GLOBAL MARKETS-Fed stimulus plan spurs risk rally; dollar
slips  
    SE ASIA STOCKS-Jakarta hits record high, Thai at 16-yr high
 
 
 
    STOCKS TO WATCH
    -- FRASER AND NEAVE LTD 
    - Insurer Prudential's stake in Fraser and Neave has fallen
to 7.991 percent from 8.0263 percent. It is a substantial
shareholder of Fraser and Neave through its deemed interest held
via units including Eastspring Investments and M&G Investment
Management Ltd. 
    
    - Fraser and Neave has agreed to sell its 56.05 percent
stake in Frasers Property (China) Ltd for S$261
million ($212 million)to a unit of Shanghai-listed Gemdale
Corporation, as it streamlines its property business
in China. 
    
    -- ARA ASSET MANAGEMENT LTD 
    - ARA Asset Management received approval on Friday from the
Singapore Exchange to list the first yuan-denominated real
estate investment trust (REIT) in the city-state, which a source
said could raise $700 million. 
     
    -- SEMBCORP MARINE LTD 
    - Rigbuilder Sembcorp Marine's wholly-owned subsidiary has
bought UK-based SLP Engineering Ltd from Smulders Group for 2.5
million pounds. 
    
    -- CAPITALAND LTD 
    - Property developer CapitaLand said it has priced $400
million worth of fixed rate notes due 2022 at a coupon of 4.076
percent, marking the first time it is tapping on US dollar bond
markets. 
    
    -- SWIBER HOLDINGS LTD 
    - Oil and gas services firm Swiber Holdings said it will
issue S$80 million worth of senior perpetual securities at 9.75
percent. Australia and New Zealand Banking Group and DBS Bank
are the joint lead managers and bookrunners of the issue.
 
    
   MARKET NEWS
 
 > Wall Street ends at multi-year highs on Fed            
 > Bonds sag as Fed move raises inflation jitters        
 > Dollar pinned down by Fed, markets wary of yen       
 > Gold posts second day of gains after Fed stimulus    
 > Oil prices push higher as Fed stimulus supports       
 > Key political risks to watch in Singapore      
 
    ASIA-PACIFIC STOCK MARKETS
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
     
    OTHER MARKETS
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
         
    STOCKS NEWS
    US 
    Europe 
    Asia   
    
    DIARIES & DATA: 
    Singapore diary     
    U.S. earnings diary     
    European diary      
    Asia Macro         
        
    TOP NEWS
    Front Page         Asian companies 
    U.S. company News European companies 
    Forex news          Global Economy 
    Tech, Media and Telecoms 
    Financials          General/political 
    A multimedia version of Reuters Top News is available at: 
    topnews.session.rservices.com

 (Reporting by Charmian Kok; Editing by Eric Meijer)