August 27, 2013 / 11:53 PM / 4 years ago

Singapore Stocks - Factors to watch on Aug 28

Following are some company-related and market news which could
have an impact on the local market.
                                                                              
 ----------------------MARKET SNAPSHOT @ 2344 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1630.48     -1.59%   -26.300
 USD/JPY                          #N/A STOP    0.09%     0.090
 10-YR US TSY YLD                 2.7178          --     0.009
                                    #VALUE!
 US CRUDE                         109.56       0.50%     0.550
 DOW JONES                        14776.13    -1.14%   -170.33
 ASIA ADRS                        137.46      -1.23%     -1.72
 -------------------------------------------------------------                
 
    GLOBAL MARKETS-Syria worries send oil to 6-month high;
stocks tumble 
    SE ASIA STOCKS-More in bear market grip 
 
 
    STOCKS TO WATCH
    -- FRASER AND NEAVE LTD, THAI BEVERAGE PCL
 
    - Thai billionaire Charoen Sirivadhanabhakdi took the first
step to help combine Fraser and Neave with his own business
empire, as he puts his stamp on the 130-year old company that he
acquired for $11 billion earlier this year.
    F&N said on Tuesday it will list shares in its property arm,
Frasers Centrepoint Ltd (FCL), on the Singapore Exchange this
year. F&N will keep the food and beverage as well as the
publishing and printing businesses. 
    
    -- OLAM INTERNATIONAL LTD 
    - Singapore-listed commodities firm Olam said the
International Finance Corp, a member of the World Bank Group,
had approved a $120 million loan to finance the company's
upgrades and expansion of five food processing facilities in
Nigeria and India. 
    
    -- CHINA AVIATION OIL (SINGAPORE) CORP LTD 
    - China Aviation Oil (Singapore) has leased its first fuel
oil storage space in Singapore as it expands beyond its core jet
fuel trading business. The company said it will lease storage
facilities at Jurong Island from Horizon Singapore Terminals for
three years from Sept. 1. 
    
    -- IHH HEALTHCARE BHD  
    - Healthcare services provider IHH Healthcare reported a 61
percent fall in second-quarter net profit to 156.8 million
ringgit ($47.1 million) as its earnings last year were boosted
by the sale of medical suites. 
    
   MARKET NEWS
 > Nikkei set to slide on Syria concerns, rising yen      
 > Wall St posts worst day since June on Syria concerns   
 > US bond prices rise as Syria fears fuel safety bid    
 > Yen in favour as Syria uncertainty hits sentiment    
 > Gold rises 1 pct on safe-haven bids, Syria fears     
 > Brent hits 6-month high as West weighs strike on Syria 
 > Key political risks to watch in Singapore      
 
    ASIA-PACIFIC STOCK MARKETS
    S.Korea       China      Hong Kong    
    Taiwan       India       Australia/NZ     
     
    OTHER MARKETS
    Currency      Eurostocks      JP bonds  
    ADR Report    LME metals  
         
    STOCKS NEWS
    US 
    Europe 
    Asia   
    
    DIARIES & DATA: 
    Singapore diary     
    U.S. earnings diary     
    European diary      
    Asia Macro         
        
    TOP NEWS
    Front Page         Asian companies 
    U.S. company News European companies 
    Forex news          Global Economy 
    Tech, Media and Telecoms 
    Financials          General/political 
    A multimedia version of Reuters Top News is available at:

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