SINGAPORE, April 22 (Reuters) - Financials may be in focus
on Wednesday after U.S. banks rallied on the remarks by a
senior administration official that the sector has enough
capital to keep lending.
U.S. stocks rose on Tuesday following comments by Treasury
Secretary Timothy Geithner that most banks have sufficient
reserves to protect against possible losses, sparking a rebound
in bank shares. > Wall St gains as banks lifted by Geithner
remarks [.N] > Euro up as stocks rise but market anxiety
remains [USD/] > Bonds slump as stocks rebound on less bank
fear [US/] > Gold turns lower as shares rally; rhodium
flies [GOL/] > Oil gains with Wall St., Iran points to
OPEC cut [O/R]
Stocks and factors to watch:
-- MOBILEONE (MONE.SI)
- MobileOne, the smallest of Singapore's three telecom
operators, on Tuesday named Karen Kooi Lee Wah as its new chief
executive officer, replacing Neil Montefiore who quit in
January. [ID:nSGC001098]
-- K-REIT ASIA (KASA.SI)
- K-Reit Asia, Keppel Land's listed trust, said on Tuesday
its first quarter distribution per unit fell 48 percent to 2.38
Singapore cents compared to last year after a rights issue.
[ID:nSN4L00912]
-- ASCOTT RESIDENCE TRUST (ASRT.SI)
- Ascott Reit said on Tuesday its first quarter
distribution per unit fell 24 percent to 1.77 Singapore cents
from a year ago, mainly on weaker demand for residences in
China and Singapore and increased competition from new supply
in Beijing and Shanghai. [ID:nSN4M30021]
-- RAFFLES EDUCATION CORPORATION LTD (RLSE.SI)
- The education group said on Tuesday it will inject five
million yuan ($732,600) into a new school in China, a day after
it announced it will set up a new college in India.
[ID:nSN4L80631]
-- SINGAPORE PRESS HOLDINGS (SPRM.SI)
- The media group announced on Tuesday the incorporation of
a new associate company in China with a registered capital of
15 million yuan. [ID:nSN4L60521]
-- TEXCHEM-PACK HOLDINGS (S) LTD (TXPH.SI), VALUETRONICS
HOLDINGS LTD (VLUE.SI), CHINA SKY CHEMICAL FIBRE CO (CSKY.SI)
- Texchem-Pack, Valuetronics and China Sky said on Tuesday
they expect to report a loss for their first quarter results
ending March 31 mainly due to the global economic slowdown.
[ID:nSN4L51151] [ID:nSN4L60971] [ID:nSN4L61261]
- Singapore's benchmark Straits Times Index .FTSTI rose
0.66 percent to 1,887.25 points on Tuesday.
- The Dow Jones Industrial Average .DJI gained 1.63
percent to 7,969.56 points. The Nasdaq Composite Index .IXIC
was up by 2.22 percent to 1,643.85 points.
(Reporting by Eveline Danubrata; Editing by Dhara
Ranasinghe)
