Singapore Stocks - Factors to watch on Dec 13

Wed Dec 12, 2012 7:35pm EST

Following are some company-related and market news which could
have an impact on the local market.
                                                                  
 ----------------------MARKET SNAPSHOT @ 0016 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1428.48      0.04%     0.640
 USD/JPY                          83.22       -0.04%    -0.030
 10-YR US TSY YLD                 1.6885          --    -0.014
 SPOT GOLD                        1707.91     -0.21%    -3.640
 US CRUDE                         86.72       -0.06%    -0.050
 DOW JONES                        13245.45    -0.02%     -2.99
 ASIA ADRS                        125.55       0.46%      0.58
 -------------------------------------------------------------    
 
 
    GLOBAL MARKETS-Stocks, euro climb after Fed; long bonds
slump  
    SE ASIA STOCKS-Most rise on US Fed monetary easing hopes
 
 
    STOCKS TO WATCH
    -- KEPPEL CORP LTD 
    - Keppel, the world's largest rigbuilder, said it has
secured an order from a unit of Mexico's national oil company to
build two jackup rigs worth $420 million. 
    
    -- FRASER AND NEAVE LTD, OVERSEAS UNION ENTERPRISE
LTD 
    - Japan's Kirin Holdings has agreed to pay S$2.7 billion for
Fraser and Neave's food and beverage business, if a $13.1
billion bid for F&N by a group led by property developer
Overseas Union Enterprise goes through. 
    F&N has also appointed J.P. Morgan (S.E.A.) Ltd as an
independent financial advisor to review the Overseas Union-led
bid, which came after firms linked to Thai billionaire Charoen
Sirivadhanabhakdi made an offer for the conglomerate.
 
    
    -- SC GLOBAL DEVELOPMENTS LTD 
    - SC Global Developments said its chairman and chief
executive Simon Cheong bought 2.49 million shares at S$1.80 on
the market, raising his stake in the company to 60.74 percent
from 60.14 percent. Last week, Cheong launched a bid to
privatise the property developer. 
    
    -- FAR EAST ORCHARD LTD 
    - Property firm Far East Orchard signed a non-binding
agreement with Toga Pty Ltd to explore the establishment of a
joint venture company in Australia, which will own the
hospitality management business of Toga. 
    
    MARKET NEWS
 > Wall St ends almost flat as Bernanke warns on "cliff"  
 > Prices drop as Fed announces new bond-buying program  
 > Yen extends fall, USD pinned down by aggressive Fed  
 > Gold rises after Fed makes surprise low-rate pledge  
 > Oil up on more Fed stimulus, OPEC holds output target 
 > 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: