Singapore Hot Stocks-ST Engineering in focus after profit falls

SINGAPORE, Nov 4 (Reuters) - Singapore Technologies
Engineering (STEG.SI: Quote, Profile, Research), the world's largest aircraft repair firm
and Singapore's biggest arms maker, may be in investors' focus
on Wednesday after it reported a 7 percent drop in
third-quarter net profit.

The S&P 500 and Nasdaq rose slightly on Tuesday as news of
a major railroad acquisition helped sentiment, but the Dow
edged lower on caution before a Federal Reserve statement on
interest rates and the economy. ----------------------MARKET
SNAPSHOT @ 0003 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1045.41 0.24% 2.530
USD/JPY JPY= 90.38 0.09% 0.080
10-YR US TSY YLD US10YT=RR 3.4652 -- -0.004
SPOT GOLD XAU= 1081.75 -0.25% -2.750
US CRUDE CLc1 79.38 -0.28% -0.220
DOW JONES .DJI 9771.91 -0.18% -17.53
ASIA ADRS 120.04 -0.06% -0.07
------------------------------------------------------------- >
S&P 500, Nasdaq end higher on deal news [.N] >
Dollar rises to 1-month highs on banking worries [USD/] >
Prices dip as traders prepare for supply, Fed [US/] >
Gold sweeps to record high above $1,080 [GOL/] >
Oil rises 2 pct on U.S.factory data, gold surge [O/R]

Stocks and factors to watch:

-- SINGAPORE TECHNOLOGIES ENGINEERING (STEG.SI: Quote, Profile, Research)

- The company, more than 50 percent owned by Singapore
state investor Temasek Holdings [TEM.UL], said on Tuesday its
quarterly profit fell to S$120.3 million ($86.2 million) from
S$128.9 million a year ago. [ID:nSGC003357]

- Despite the profit fall, Deutsche Bank continued to
recommend investors to "buy" shares in the arms maker and
raised its target price 8.3 percent to S$3.25/share, citing
improving prospects in new orders.

-- RAFFLE EDUCATION CORP LTD (RLSE.SI: Quote, Profile, Research)

- BNP Paribas kept its "buy" rating on the education
service provider despite a 56 percent fall in its fiscal
first-quarter net profit, citing optimism over the new student
enrolment in the near terms that should raise income.

- Asian stocks are likely to make a cautious start on
Wednesday after a mixed performance in U.S. and European
shares, with investor concern over banks weighing on sentiment.

- Singapore's benchmark Straits Times Index .FTSTI fell
0.9 percent to 2,621.55 points on Tuesday.

The Dow Jones industrial average .DJI slipped 0.18
percent, to end at 9,771.91. But the Standard & Poor's 500
Index .SPX added 0.24 percent to finish at 1,045.41. The
Nasdaq Composite Index .IXIC advanced or 0.40 percent to
close at 2,057.32.
(Reporting by Nopporn Wong-Anan; Editing by Jan Dahinten)