SINGAPORE, Oct 27 (Reuters) - Singapore's CapitaLand
(CATL.SI), Southeast Asia's largest property developer, is
likely to be in the spotlight after reporting a 33 percent drop
in its third quarter profit on Tuesday.
Financials could be under pressure after losses on Wall
Street, where investors ditched home builders and financials on
fears lawmakers may let a federal home buyer tax credit expire.
----------------------MARKET SNAPSHOT @ 2356 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1066.95 -1.17% -12.650
USD/JPY JPY= 92.2 -0.01% -0.010
10-YR US TSY YLD US10YT=RR 3.558 -- 0.000
SPOT GOLD XAU= 1039 0.18% 1.900
US CRUDE CLc1 78.54 -0.18% -0.140
DOW JONES .DJI 9867.96 -1.05% -104.22
ASIA ADRS .BKAS 123.32 -0.13% -0.16
-------------------------------------------------------------
> Wall St sinks on home builder fears, financials [.N]
> US dollar rallies as equities, commodities drop [USD/]
> Bond retreat into record dose of issuance [US/]
> Gold hits 2-week low, under $1,040 as dollar jumps [GOL/]
> Oil falls below $79 with equities as dollar firms [O/R]
Stocks and factors to watch:
-- CAPITALAND (CATL.SI)
- CapitaLand said its third quarter net profit down 33
percent to S$281.3 million ($201.4 million) due to absence of
divestment gains made in the previous year. [ID:SGC003348]
-- SINGAPORE AIRPORT TERMINAL SERVICES (SIAT.SI)
- BNP Paribas raised its target price on Singapore Airport
Terminal Services to S$3.39 from S$3.24 following a revision on
its earnings forecasts.
- Singapore's benchmark Straits Times Index .FTSTI inched
0.05 percent to 2,716.62 points on Monday.
- Asian stocks are likely to fall on Tuesday after Wall
Street dipped on fears of a cut to home buyer assistance and
weaker commodity prices.
- The Dow Jones Industrial Average .DJI dropped 1.05
percent to 9,867.96 points while the Nasdaq Composite .IXIC
inched 0.59 percent lower to 2,141.85 points.
(Reporting by Harry Suhartono, editing by Saeed Azhar)
