May 29, 2012 / 12:35 AM / 5 years ago

Singapore Stocks-Cautious start seen; Wilmar in focus

SINGAPORE, May 29 (Reuters) - Singapore shares may have a
cautious start on Tuesday after Spanish 10-year borrowing costs
jumped to nearly the 7 percent danger level, with palm oil firm
Wilmar International Ltd likely to be in focus.	
    Macquarie Group Ltd will buy 42.5 percent of
commodities house Czarnikow from Wilmar, which will cease to be
a shareholder, Czarnikow said on Monday. Terms of the deal were
not disclosed. 	
    U.S. markets were closed for a public holiday.	
                                                                                   
 ----------------------MARKET SNAPSHOT @ 0017 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1317.82     -0.22%    -2.860
 USD/JPY                          79.61        0.19%     0.150
 10-YR US TSY YLD                 1.7397          --    -0.007
 SPOT GOLD                        1571.49     -0.08%    -1.290
 US CRUDE                         90.95        0.10%     0.090
 DOW JONES                        12454.83    -0.60%    -74.92
 ASIA ADRS                        111.72      -0.81%     -0.91
 -------------------------------------------------------------                     
 
 > Euro wobbles near 2-year low after Spanish yields rise 	
> Gold prices pare gains as euro slips lower            	
> Brent crude oil closes above $107 on Greece, Iran      	
         	
    Stocks and factors to watch: 	
    -- SEMBCORP INDUSTRIES LTD 	
    - The energy, water and marine group said on Monday its
joint venture had completed acceptance tests for its $1 billion
Salalah Independent Water and Power Plant in Oman.
 	
      The facility will provide power and water under a 15-year
purchase agreement with the Oman Power and Water Procurement
Company, which is wholly owned by the government of Oman. 	
    	
    -- ADAMPAK LTD 	
    - Adampak, which makes label and precision die-cut parts,
said on Tuesday it received an approval from the Singapore
Exchange for its planned delisting from the bourse after Safe
Label Group Pte Ltd offered to acquire the company.
 	
    	
    - Singapore's benchmark Straits Times Index rose
0.52 percent on Monday to 2,787.22 points. U.S. markets were
closed for a holiday.	
    	
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    Hong Kong        Taiwan        SE Asia 	
    Australia/NZ     India      	
    	
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 (Reporting by Eveline Danubrata)

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