Singapore Hot Stocks-Sembcorp Marine in focus on new yard plan

SINGAPORE, Nov 5 (Reuters) - Sembcorp Marine (SCMN.SI), the
world's second-biggest offshore rig maker, will be in the
spotlight on Thursday after it said it would build a new yard
in Singapore to tap business in the energy industry.

J.P.Morgan raised its target share price on the company,
which on Wednesday posted a better-than-expected 3 percent rise
in quarterly net profit, to S$4.25 from S$3.75.

U.S. stocks rallied but lost steam on Wednesday after the
Federal Reserves said it would keep rates near zero for "an
extended period" even as it expressed confidence in the
economic recovery. ----------------------MARKET SNAPSHOT @ 0004
GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1046.5 0.1% 1.090
USD/JPY JPY= 90.56 -0.2% -0.180
10-YR US TSY YLD US10YT=RR 3.5256 -- 0.006
SPOT GOLD XAU= 1090.5 -0.17% -1.850
US CRUDE CLc1 80.15 -0.31% -0.250
DOW JONES .DJI 9802.14 0.31% 30.23
ASIA ADRS .BKAS 121.03 0.82% 0.99
-------------------------------------------------------------
> Wall St rally fades after Fed; Cisco up late [.N]
> Dollar tumbles as Fed to keep rates low for some time [USD/]
> Supply worry dents prices; Fed keeps rates steady [US/]
> Gold hits record above $1,095/oz as dollar drops [GOL/]
> Oil for 3rd day on inventory drop, Fed [O/R]

Stocks and factors to watch:

-- SEMBCORP MARINE (SCMN.SI)

- Sembcorp Marine (SCMN.SI) said it will build a new yard
in Singapore to tap business in the energy industry after
posting a better-than-expected 3 percent rise in quarterly net
profit. [ID:nSIN12050]

- UBS raised its target price on shares in Sembcorp Marine
to S$3.90 from S$3.45 and continues to recommend investors
"buy" the stock. [ID:nSIN139599]

- J.P.Morgan raised its target price to S$4.25 from S$3.75,
and kept its "overweight" recommendation. [ID:nSIN146986]

- BNP Paribas cut its target on SembMarine to S$3.88 from
S$4.02, while Nomura cut its target to S$4.05 from S$4.08.

-- SINGAPORE TELECOMMUNICATIONS (STEL.SI)

- Goldman Sachs reinstated on Thursday its "neutral"
recommendation on Singapore Telecommunications (STEL.SI),
Southeast Asia's largest phone firm, with a target price of
S$2.86. [ID:nSIN156642]

-- PARKWAY HOLDINGS (PARM.SI)

- Nomura raised its target price on Parkway Holdings to
S$2.87 from S$2.32 and maintained its "buy" rating, citing
potential recovery of the Singapore business and the impending
sale of Novena medical suites next year.

- Singapore's benchmark Straits Times Index .FTSTI jumped
1.03 percent to 2,648.64 points on Wednesday.

- The Dow Jones industrial average .DJI inched 0.31
percent higher, to end at 9,802.14 points. But the Nasdaq
Composite Index .IXIC slipped 0.09 percent to to close at
2,055.52 points.
(Reporting by Harry Suhartono; Editing by Jan Dahinten)