SINGAPORE, Nov 18 (Reuters) - CapitaLand (CATL.SI),
Southeast Asia's biggest developer, will be in focus on
Wednesday after it said it will make a one-time gain of S$883
million ($639 million) from the IPO of its shopping mall unit
and may consider a special dividend.
U.S. stocks rose to fresh 13-month highs on Tuesday as
upbeat broker views on improving prospects for two Dow
component stocks offset disappointing holiday spending outlooks
from Target and Home Depot. ----------------------MARKET
SNAPSHOT @ 0005 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1110.32 0.09% 1.020
USD/JPY JPY= 89.25 0.01% 0.010
10-YR US TSY YLD US10YT=RR 3.3324 -- 0.009
SPOT GOLD XAU= 1140.95 -0.05% -0.550
US CRUDE CLc1 79.44 0.38% 0.300
DOW JONES .DJI 10437.42 0.29% 30.46
ASIA ADRS .BKAS 126.78 -0.46% -0.59
-------------------------------------------------------------
> Wall St gains on broker views, but retailers sink [.N]
> US dollar gains as market weighs Bernanke comments [USD/]
> Weak production figures help US bonds edge up [US/]
> Gold hits another record high on inflation worries [GOL/]
> Oil rises above $79, eyes product demand [O/R]
Stocks and factors to watch:
-- CAPITALAND (CATL.SI)
- CapitaLand said on Tuesday the initial public offering of
its shopping mall unit CapitaMalls Asia will result in a
one-time gain of S$883 million ($639 million) and it may
consider a special dividend. [ID:nSIN418750]
-- NOBLE GROUP (NOBG.SI)
- Nomura maintained its "buy" recommendation on commodities
firm Noble Group and raised the price target to S$3.30 from
S$2.76. The Japanese stockbroker lifted its earnings per share
forecast for Noble by 11.3 percent, citing the latter's
association with China Investment Corp, strong balance sheet
and ability to contain costs.
- Singapore's benchmark Straits Times Index .FTSTI fell
0.68 percent to 2,764.95 points on Tuesday.
- The Dow Jones industrial average .DJI rose 0.3 percent
to end at 10,437.42 points. The Nasdaq Composite Index .IXIC
rose 0.3 percent to close at 2,203.78 points.
(Reporting by Kevin Lim; Editing by Valerie Lee)
