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Singapore Stocks - Factors to watch on May 30
May 30, 2013 / 12:42 AM / 5 years ago

Singapore Stocks - Factors to watch on May 30

SINGAPORE, May 30 (Reuters) - Following is some
company-related and market news which could have an impact on
the local market.
    
                                                              
 ----------------------MARKET SNAPSHOT @ 0026 GMT ------------
                     INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                          1648.36      -0.7%   -11.700
 USD/JPY                          100.87      -0.26%    -0.260
 10-YR US TSY YLD                 2.1207          --     0.002
 SPOT GOLD                        1391.26     -0.09%    -1.190
 US CRUDE                         92.91       -0.24%    -0.220
 DOW JONES                        15302.80    -0.69%   -106.59
 ASIA ADRS                        138.50      -1.49%     -2.09
 -------------------------------------------------------------
 
 
    GLOBAL MARKETS-Asian shares pressured by global equities
retreat 
    SE ASIA STOCKS-Mixed amid Fed stimulus concerns; Thai stocks
fall after rate cut 
 
 
    STOCKS TO WATCH
    -- ASCENDAS HOSPITALITY TRUST MANAGEMENT PTE LTD 
    - Ascendas Hospitality Trust, which listed in July and owns
hotels in Australia, China and Japan, announced the launch of an
equity fund to raise no less than S$200 million ($158 million)
to partially fund the acquisition of Park Hotel Clarke Quay in
Singapore. It requested a trading halt in its shares on Thursday
for one day.  
    
    -- DBS GROUP HOLDINGS LTD 
    - DBS, Singapore's biggest bank, has priced its inaugural
offshore RMB bond issue settled in Singapore. The 500 million
yuan ($81.6 million) fixed rate bonds due 2016, priced at 99.76
percent, will bear a fixed coupon of 2.5 percent per annum with
interest payable semi-annualy. They are expected to be issued in
June 2013. 
        
    -- YONGNAM HOLDINGS LTD 
    - A consortium of Yongnam Holdings, Changi Airport Planners
and Engineers and JGC Corp has submitted a proposal to Myanmar's
Department of Civil Aviation to build Hanthawaddy International
Airport. It is the consortium's second proposal after a
submission in April 2013 for Yangon International Airport.
 
    
    -- FRASERS COMMERCIAL TRUST 
    - Frasers Commercial Trust received provisional permission
for proposed additions and alterations to an existing commercial
development at China Square Central and the construction of a
new hotel block at 18 Cross Street in Singapore. 
 
    
    -- BIOSENSORS INTERNATIONAL GROUP LTD 
    - Biosensors International, which develops and makes medical
devices, posted a net profit of $29.6 million for the fourth
quarter ended March 31, up 8.9 percent from a year earlier,
boosted by growth in the company's drug-eluting stents sales.
 

    -- THAI BEVERAGE PCL 
    - Moody's Investors Service, a ratings agency, has removed
Thai Beverage from its watch status with possible downgrade and
changed its rating from "Baa2" to "Baa3" with a stable outlook.
 
    
    -- UNITED ENGINEERS LTD 
    - UE Centennial Venture, a subsidiary of United Engineers,
said mandatory conditional cash offers to acquire ordinary stock
units in the capital of WBL Corp Ltd have closed and
are no longer open for acceptances. 
 
 MARKET NEWS
 > Nikkei may fall below 14,000 after US stocks drop      
 > Wall St falls as bond yields hit high dividend stocks  
 > Prices gain, take yields off 13-month highs           
 > U.S. dollar weakens but upward trend appears intact  
 > Gold rises 1 pct on physical demand, drop in equities 
 > Oil slides with Wall Street and on energy demand worry 
 > 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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