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Singapore Stocks - Factors to watch on Oct 11

Wednesday, 10 Oct 2012 | 8:41 PM ET

Following are some company-related and market news which could have an impact on the local market.

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INSTRUMENT LAST PCT CHG NET CHG S&P 500 1432.56 -0.62% -8.920 USD/JPY 78.08 -0.12% -0.090 10-YR US TSY YLD 1.6768 -- -0.003 SPOT GOLD 1758.94 -0.17% -3.000 US CRUDE 91.22 -0.03% -0.030 DOW JONES 13344.97 -0.95% -128.56 ASIA ADRS 117.41 -0.60% -0.71

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GLOBAL MARKETS-Shares, oil retreat on global growth fears

SE ASIA STOCKS-For risk-reward, look beyond Southeast Asian equities STOCKS TO WATCH -- FRASER AND NEAVE LTD , THAI BEVERAGE PCL

- The Fraser and Neave board said a Thai takeover offer for the Singapore drinks and property group is "not compelling but fair". However, in a circular issued by F&N on Wednesday evening, directors who are shareholders said they did not intend to accept the offer -- putting pressure on the bidders to raise the price.

-- OVERSEAS UNION ENTERPRISE LTD

- Property developer Overseas Union Enterprise confirmed reports that it had made a S$1.4 billion bid for the hospitality and serviced residence business of Fraser and Neave

.

It said the offer was in line with its long-term goal of growing its business and hospitality was one of its core areas.

-- ARA ASSET MANAGEMENT LTD

- Dynasty Real Estate Investment Trust, which is managed by a unit of property fund manager ARA Asset Management and owns Chinese assets, is offering 893.9 million and 901.3 million units to investors at 4.40 to 4.70 yuan a unit, according to a prospectus filed on Wednesday for what will be Singapore's first yuan-denominated initial public offering.

-- SINGAPORE TELECOMMUNICATIONS LTD

- Singapore Telecommunications said on Wednesday it has secured the broadcast rights to all 380 Barclays Premier League matches for the next three seasons starting August 2013.

-- SINGAPORE TECHNOLOGIES ENGINEERING LTD

- Singapore Technologies Engineering said its aerospace arm has secured new contracts worth about S$590 million in the third quarter.

MARKET NEWS

> Nikkei falls, heading for 3rd straight day of loss

> Blue chips Chevron, Alcoa lead Wall Street's sell-off

> Prices gain in thin volume on global growth fears

> Euro, Aussie fall as worries over Spain

> Gold ends flat as stimulus fades, euro zone eyed

> Oil falls as economic worries, stock market pressure

> 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:

(Reporting by Charmian Kok; Editing by Chris Gallagher)

((charmian.kok@thomsonreuters.com)(+65 6403 5666)(Reuters Messaging: charmian.kok.reuters.com@reuters.net))

Keywords: MARKETS SINGAPORE STOCKS/

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