Singapore Hot Stocks-NOL in focus on $972 mln rights issue

SINGAPORE, June 2 (Reuters) - Singapore's Neptune Orient
Lines (NEPS.SI) may be in focus on Tuesday after the world's
seventh-largest container shipping firm said it plans to raise
$972 million from a rights issue.

U.S. stocks rose on Monday, sending the S&P 500 to its
highest close in seven months, as reassuring economic data
reinforced hopes that demand will stabilise, while General
Motors' (GM.N) long-expected bankruptcy filing ended
uncertainty about the automaker's fate.
----------------------MARKET SNAPSHOT @ 2351 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG S&P
500 .SPX 942.87 2.58% 23.730
USD/JPY JPY= 96.39 -0.15% -0.140
10-YR US TSY YLD US10YT=RR 3.6804 -- 0.000
SPOT GOLD XAU= 973.75 -0.02% -0.200
US CRUDE CLc1 67.89 -1.01% -0.690
DOW JONES .DJI 8721.44 2.60% 221.11
ASIA ADRS .BKAS 114.59 3.47% 3.84
-------------------------------------------------------------
> Wall St jumps on recovery bets and GM; AmEx off late [.N]
> US dollar falls to '09 low as risk tolerance rises [USD/]
> Wall St rally, reassuring data hurt bonds [US/]
> Gold ends down as dollar cuts losses, eyes $1,000 [GOL/]
> Oil jumps 3 pct, factory data spurs recovery hope [O/R]

Stocks and factors to watch:

-- NEPTUNE ORIENT LINES (NEPS.SI)

- Singapore's Neptune Orient Lines, the world's
seventh-largest container shipping firm, said on Tuesday it
plans to raise S$1.4 billion ($972 million) by issuing three
rights shares for every four existing shares. [ID:nSGC001165]

-- NOBLE GROUP (NOBG.SI)

- Singapore-listed Hong Kong commodities firm Noble Group
said on Monday it had obtained a two-year $800 million standby
borrowing facility by extending an existing agreement for a
smaller loan. [ID:nSIN451195]

-- LIPPO-MAPLETREE INDONESIA RETAIL TRUST (LMRT.SI)

- Lippo-Mapletree, a Singapore-listed Indonesian property
trust, said on Monday that Deutsche Bank has given it more time
to get various consents related to a S$350 million ($244
million) term loan. [ID:nSGC001164]

-- OLAM INTERNATIONAL (OLAM.SI)

- Singapore commodities firm Olam International said on
Monday it agreed to sell a 13.76 percent of its enlarged
capital to state investor Temasek Holdings [TEM.UL] for $303
million. [ID:nSIN393305]

-- SINGAPORE PETROLEUM CO SPCS.SI

- Goldman Sachs upgraded Singapore Petroleum Co (SPC) on
Tuesday to "neutral" from "sell" and raised its target price to
S$6.25 from S$2.10, citing PetroChina's (0857.HK) offer to buy
a controlling 45.51 percent stake in SPC from Keppel Corp
(KPLM.SI) at S$6.25 per share.

- Singapore's benchmark Straits Times Index .FTSTI rose
2.19 percent to 2.380.07 points on Monday.

- The Dow Jones Industrial Average .DJI was up 2.6
percent to 8,721.44 points. The Nasdaq Composite Index .IXIC
rose 3.06 percent to 1,828.68 points.

(Reporting by Eveline Danubrata; Editing by Kim Coghill)