Singapore Hot Stocks-Ascendas REIT in focus after property buy

SINGAPORE, May 12 (Reuters) - Ascendas Real Estate
Investment Trust AEMN.SI may be in focus on Monday after it
agreed to buy a business park building owned by Creative
Technology (CREA.SI: Quote, Profile, Research) for S$246.8 million ($181 million).

U.S. stocks fell on Friday as the price of oil set another
record and concerns about the financial sector flared up again
after American International Group Inc (AIG.N: Quote, Profile, Research) reported a
massive loss. ----------------------MARKET SNAPSHOT @ 2347 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1388.28 -0.67% -9.400
USD/JPY <JPY=> 102.72 -0.24% -0.250
10-YR US TSY YLD <US10YT=RR> 3.7635 -- -0.015
SPOT GOLD <XAU=> 887.6 0.42% 3.700
US CRUDE CLc1 126.12 0.13% 0.140
DOW JONES .DJI 12745.88 -0.94% -120.90
ASIA ADRS .BKAS 162.65 -0.76% -1.24
------------------------------------------------------------- >
Stocks on hold, with oil a hurdle [.N] > Dollar down as credit
market concern rises [USD/] > Prices edge up on renewed credit
concerns [US/] > Platinum ends sharply higher on ETN launch,
gold up [GOL/] > Oil hits record $126 on supply worry, fund
buying [O/R]

Stocks and factors to watch:

-- Ascendas REIT AEMN.SI

Ascendas Real Estate Investment Trust said that it has
entered an agreement to acquire a S$246.8 million business park
building owned by Creative Technology (CREA.SI: Quote, Profile, Research).
[ID:nSIN167364]

-- China Aviation Oil (CNAO.SI: Quote, Profile, Research)

Jet fuel supplier China Aviation Oil (Singapore) (CNAO.SI: Quote, Profile, Research)
said that it has appointed Meng Fanqiu as chief executive
officer, filling a position left vacant since 2006 when his
predecessor was jailed for a trading scandal. [ID:nSIN104979]

-- Mercator Lines (Singapore) Ltd (MRTL.SI: Quote, Profile, Research)

Bulk shipper Mercator Lines (Singapore) Ltd (MRTL.SI: Quote, Profile, Research) wants
to raise more debt to fund an aggressive fleet expansion plan,
but at the same time maintain a high cash flow to pay its
shareholders well. [ID:nSP143580]

-- Fraser and Neave (FRNM.SI: Quote, Profile, Research)

Conglomerate Fraser and Neave said its second-quarter net
profit fell by 9.8 percent. [ID:nSN5900731]

- Singapore's sovereign fund GIC, one of the world's
biggest state-owned investors, warned that risks to the global
economy could rise in the next 12 months due to falling house
prices and a spike in energy costs. [ID:SP33894]

- Singapore's benchmark Straits Times Index fell
0.31 percent to 3,162.03 points on Friday.

- The Dow Jones Industrial Average .DJI lost 0.94 percent
to 12,745.88 points, and the Nasdaq Composite Index .IXIC
dropped 0.23 percent to 2,445.52 points.
(Reporting by Tan Wei Xin; Editing by Saeed Azhar)