SINGAPORE, May 26 (Reuters) - Keppel Corp (KPLM.SI) may be
in focus on Tuesday after J.P. Morgan raised its target price,
citing the sale of Keppel's entire stake in Singapore Petroleum
Company SPCS.SI for $1 billion.
U.S. markets were closed on Monday for Memorial Day after
falling for a fourth day on Friday on persistent worries about
the U.S. budget deficit, with U.S. Treasuries and the dollar
losing ground. ----------------------MARKET SNAPSHOT @ 0000 GMT
------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 887 -0.15% -1.330
USD/JPY JPY= 94.9 0.06% 0.060
10-YR US TSY YLD US10YT=RR 3.4457 -- -0.004
SPOT GOLD XAU= 956.05 -0.18% -1.750
US CRUDE CLc1 61.21 -0.75% -0.460
DOW JONES .DJI 8277.32 -0.18% -14.81
ASIA ADRS .BKAS 107.12 0.56% 0.60
-------------------------------------------------------------
> Euro slips on German Ifo in thin holiday trade [USD/]
> Selloff persists on debt worries before supply [US/]
> Gold softens slightly, ETF holdings inch up [GOL/]
> Oil falls towards $61, OPEC cut unlikely [O/R]
Stocks and factors to watch:
-- KEPPEL CORP (KPLM.SI)
- J.P. Morgan raised its target price for Singapore's
Keppel Corp to S$7.90 from S$5.75, citing the sale of Keppel's
entire stake in Singapore Petroleum Company SPCS.SI for $1
billion. [ID:nSIN472393]
-- SINGAPORE TELECOMMUNICATIONS (STEL.SI)
- India's Bharti Airtel (BRTI.BO), around 31 percent owned
by Southeast Asia's top phone firm Singapore Telecommunications
(STEL.SI), said on Monday a successful conclusion to revived
merger talks with South Africa's MTN could change SingTel's
holding in it. [ID:nDEL488502]
-- NEPTUNE ORIENT LINES (NEPS.SI)
- Singapore's Neptune Orient Lines (NOL), the world's
seventh-biggest container shipper, said on Monday it carried 22
percent fewer containers in the four weeks to May 1 versus a
year ago. [ID:nSIN449318]
-- SEMBCORP INDUSTRIES (SCIL.SI), YANLORD LAND (YNLG.SI)
Singapore-listed Yanlord Land (YNLG.SI) and Sembcorp
Industries (SCIL.SI) said on Monday they will jointly develop a
business park in the Chinese city of Nanjing that will cater to
high-tech businesses. [ID:nSIN214341]
- Singapore's benchmark Straits Times Index .FTSTI gained
0.99 percent to 2,267.46 points on Monday.
- The Dow Jones Industrial Average .DJI dropped 0.18
percent on Friday to 8,277.32 points. The Nasdaq Composite
Index .IXIC was down by 0.19 percent to 1,692.01 points. The
market was closed on Monday for the Memorial Day holiday.
($1=1.471 Singapore Dollar)
(Reporting by Eveline Danubrata; Editing by Muralikumar
Anantharaman)
