Singapore Hot Stocks-Keppel Corp, Sembcorp Marine in focus

SINGAPORE, Dec 30 (Reuters) - Oil players such as Keppel
Corp (KPLM.SI) and Sembcorp Marine (SCMN.SI) may be in focus on
Tuesday after oil prices rose $2 on Israel's attack on
Hamas-ruled Gaza Strip and weak dollar.

Wall Street slid on Monday after Kuwait pulled out of a
joint venture with Dow Chemical due to the deepening global
recession, threatening Dow's planned takeover of Rohm & Haas.
----------------------MARKET SNAPSHOT @ 0010 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 869.42 -0.39% -3.380
USD/JPY JPY= 90.59 -0.04% -0.040
10-YR US TSY YLD US10YT=RR 2.1135 -- 0.000
SPOT GOLD XAU= 878.5 0.11% 1.000
US CRUDE CLc1 40.08 0.15% 0.050
DOW JONES .DJI 8483.93 -0.37% -31.62
ASIA ADRS .BKAS 92.06 0.82% 0.75
-------------------------------------------------------------

>
Market falls on Dow Chemical news, economy worry [.N]
> Dollar rises vs euro in choppy trade as volume thins [USD/]
> Bonds up as safe-haven bid finds new legs [US/]
> Gold stays high as Middle East violence props oil [GOL/]
> Oil rises $2 on Israel and weak dollar [O/R]
Stocks and factors to watch:

-- CITY DEVELOPMENTS (CTDM.SI)

- City Developments said it had increased its medium term
note programme to S$1.5 billion ($1.04 billion) from S$700
million. The medium term note programme began in May 1999 that
permits City Development to sell bonds used to refinance debts
and to finance its operations. [ID:nSNCT80971]

-- CORTINA HOLDINGS (CORT.SI)

- Cortina said that S$7.9 million ($5.50 million) worth of
watches was stolen from its Raffles City retail outlet on 26
December. Cortina said that the theft will have adverse impacts
on its FY2008 results which ends on March 2009. [ID:nSNCT60951]

-- ST ENGINEERING (STEG.SI)

- ST Electronics, a subsidiary of ST Engineering, won
contracts worth S$86 million ($59.85 million) to provide a
security system, IT infrastructure and a carpark payment system
to Sentosa. [ID:nSNCT20441]

-- UNITED ENGINEERS (UTES.SI)

- United Engineers proposed a rights issue of S$136 million
($94.64 million) to help the firm raise funds for operations,
strategic investments or acquisitions. [ID:nSNCU60032]

- Singapore's benchmark Straits Times Index .FTSTI gained
3.18 percent to 1,780.57 points on Monday.

- The Dow Jones Industrial Average .DJI fell 0.37 percent
to 8,483.93. The Nasdaq Composite Index .IXIC was down by 1.3
percent to 1,510.32.
(Reporting by Laurence Tan)