Singapore Stocks - Factors to watch on May 10

Thu May 9, 2013 8:21pm EDT

SINGAPORE, May 10 (Reuters) - Following are some
company-related and market news which could have an impact on
the local market.
 
     --------------------MARKET SNAPSHOT @ 0014 GMT ------------
                                                                                   
                                          
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1626.67     -0.37%    -6.020
 USD/JPY                          100.86       0.27%     0.270
 10-YR US TSY YLD                 1.829           --     0.015
 SPOT GOLD                        1455.71     -0.14%    -1.990
 US CRUDE                         96.15       -0.25%    -0.240
 DOW JONES                        15082.62    -0.15%    -22.50
 ASIA ADRS                        145.08      -0.68%     -0.99
 -------------------------------------------------------------                     
 
    
    GLOBAL MARKETS-Dollar hits 100 yen, stocks slip after rally
    
    SE ASIA STOCKS-Singapore, Thailand set new highs; Malaysia
bucks trend 
 
 
    STOCKS TO WATCH
    -- NOBLE GROUP LTD 
    - Commodities firm Noble said it has registered a new wholly
owned subsidiary, Noble Americas South Bend Ethanol LLC, in the
United States to hold physical assets in that country.
 
    
    -- FIRST REAL ESTATE INVESTMENT TRUST 
    - Singapore's First Real Estate Investment Trust, which owns
healthcare assets, proposed to issue S$100 million five-year
notes at a rate of 4.125 percent per annum to help fund the
acquisition of two hospitals in Indonesia. 
    
    -- SAIZEN REAL ESTATE INVESTMENT TRUST 
    - Saizen Real Estate Investment Trust, which has residential
properties in Japan, said its net asset value per unit fell to
S$0.25 at the end of March from S$0.30 on June 30, 2012, mainly
due to the depreciation of the yen, despite growth in revenue
and net property income.  
    
    -- UNITED ENGINEERS LTD  
    - Property firm United Engineers has raised its cash offer
for shares of WBL Corp to S$4.50 from S$4.15 in its
final offer. 
    
    -- UOB-KAY HIAN HOLDINGS LTD 
    - Brokerage UOB-Kay Hian said its net profit in the first
three months of the year jumped 37.8 percent to S$40 million.
 
    
    -- OLAM INTERNATIONAL LTD 
    - Olam agreed to set up a joint venture with Sanyo Foods in
Nigeria to make and distribute instant noodles in Nigeria and
across sub-Saharan Africa. Sanyo Foods will invest $20 million
in cash for a 25.5 percent equity interest, while Olam will hold
the majority ownership of 74.5 percent. 
    
    -- STARHUB LTD 
    - Telecommunications firm Starhub posted a net profit of
S$91.2 million for the quarter ended March 31, up 3.2 percent
from the previous year on lower operating expenses that were
offset by a fall in operating revenue. 
    
    -- FORTUNE REAL ESTATE INVESTMENT TRUST 
    - Fortune Real Estate Investment Trust reported a net profit
available for distribution of HK$153.3 million ($19.76 million)
for the first quarter ended March 31, up 16.3 percent from a
year earlier, boosted by higher revenue from the acquisition of
properties. 
    
    -- PARKWAY LIFE REAL ESTATE INVESTMENT FUND 
    - Parkway Life REIT said its distribution per unit in the
first three months of 2013 gained 2.9 percent on the year to
2.64 Singapore cents, on higher revenue incomes from the
acquisition of properties in Japan and Malaysia. 
   
 MARKET NEWS
 > Nikkei set to tap 5-year high as dollar tops 100 yen 
 > S&P 500 slips, snaps five-day streak of record closes  
 > U.S. bonds dip as investors eye US jobs data          
 > Dollar extends gains vs. Yen, hits 4-year high       
 > Gold falls 1 pct on broad dollar rally               
 > Brent crude edges up as investors eye Mideast, demand 
 > 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:
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A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

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