March 31, 2011 / 12:28 AM / 7 years ago

Singapore Stocks-May rise on strong US data; Sembcorp Marine, Infinio in focus

 SINGAPORE, Mar 31 (Reuters) - Singapore shares are set to
climb higher on Thursday following gains in U.S. equity markets
overnight, as strong data helped boost confidence that the
global economic outlook is improving.	
 Sembcorp Marine may be in focus after it said its
unit Sembawang Shipyard signed a long-term alliance contract
with Canada's Teekay Marine Services to provide ship-repair,
refurbishment and marine services for its ships. [ID:nSNZ3pvz6f]	
	
 ----------------------MARKET SNAPSHOT @ 0007 GMT ------------
                  INSTRUMENT   LAST         PCT CHG   NET CHG
 S&P 500                    1328.26      0.67%     8.820
 USD/JPY                    83.13        0.28%     0.230
 10-YR US TSY YLD      3.4386          --    -0.006
 SPOT GOLD                  1421.45     -0.14%    -1.930
 US CRUDE            CLc1       104.35       0.08%     0.080
 DOW JONES                  12350.61     0.58%     71.60
 ASIA ADRS                 139.37       1.18%      1.63
 -------------------------------------------------------------
  	
> Wall St rides winners as quarter winds down            	
> Treasury yields likely stable ahead of payrolls       	
> Euro gains on interest rate outlook, yen struggles   	
> Gold rises along with equities, risk appetite up     	
> Oil slips on inventory rise, supply threats support   	
      	
 Stocks and factors to watch:	
 -- INFINIO GROUP 	
 - Technology firm Infinio Group said it will acquire
agriculture firm Ephraim in a reverse takeover deal worth S$381
million, after which Ephraim will own 93 percent of Infinio.
[ID:nSNZbqHlzH]	
 	
 -- ASCENDAS REAL ESTATE INVESTMENT TRUST 	
 - Ascendas Real Estate Investment Trust said it has agreed
to buy a commercial property in Singapore for S$125.6 million.
It also said its overall portfolio saw a revaluation gain of    
S$307.6 million. [ID:nSNZ1nQDCr] [ID:nSNZbpzLQK]	
 	
 -- RAMBA ENERGY 	
 - Oil and gas firm Ramba Energy said on Wednesday it had won
a marine logistics services contract worth about S$10 million to
support the installation of an offshore gas processing platform
in Southeast Asia. [ID:nSNZ6lftMV]	
 	
 -- TIANJIN ZHONG XIN PHARMACEUTICAL 	
 - Pharmaceutical maker Tianjin Zhogn Xin said its full year
net profit rose 9 percent to 293.3 million yuan from 269.7
million yuan a year earlier, helped by higher sales from its
industrial and commercial businesses. [ID:nSNZ9ZV657]	
 	
 -- SAIZEN REIT 	
 - Saizen Reit has agreed to sell a property with residential
and commercial units in Japan to a private investor for 201
million yen ($2.4 million). [ID:nSNZgjv5p]	
  	
 - Singapore's benchmark Straits Times Index gained
1.26 percent on Wednesday to 3,095.32 points.	
 - The Dow Jones industrial average rose 0.58 percent
to 12,350.61. The Standard & Poor's 500 Index climbed
0.67 percent to 1,328.26. The Nasdaq Composite Index 
rose 0.72 percent to 2,776.79. 	
 	
 ASIA-PACIFIC STOCK MARKETS: 	
 Japan             S.Korea       China   	
 Hong Kong        Taiwan        SE Asia 	
 Australia/NZ     India      	
 	
 OTHER MARKETS: 	
 Wall Street       Gold         Currency  	
 Eurostocks       Oil           JP bonds  	
 ADR Report      LME metals  US bonds  	
      	
 STOCKS NEWS US, Europe, Asia: 	
   	
 DIARIES & DATA: 	
 IPO diary & data 	
    U.S. earnings diary 	
   Singapore diary 	
      Eurostocks Week Ahead 	
  Asia earnings diary 	
   European diary 	
 Wall Street Week Ahead 	
 TOP NEWS: 	
   Asian companies       U.S. company
News 	
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 Global Economy       Technology 	
 Telecoms            Media news 	
   Banking news           
General/political 	
 Asia Macro 	
 A multimedia version of Reuters Top News is available at: 	
 topnews.session.rservices.com 	
 LIVE PRICES & DATA: 	
 World Stocks <0#.INDEX>        Currency rates  	
 Dow Jones/NASDAQ  Nikkei 	
 FTSE 100 Debt <0#USBMK=> 	
 (Local currency) LME price overview 	
	


($1 = 82.875 Japanese Yen)	
	
 (Reporting by Charmian Kok; Editing by Dhara Ranasinghe)	
 
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