Singapore Hot Stocks-CapitaLand, SIA in focus

SINGAPORE, Nov 17 (Reuters) - Singapore's CapitaLand will be in focus on Tuesday ahead of an announcement that it has priced its nearly $2 billion shopping malls IPO. A source with knowledge of the deal told Reuters that CapitaMalls Asia, a unit of Singapore's CapitaLand, has priced its initial public offering at S$2.12 a share, which will raise S$2.47 billion ($1.8 billion) for the property developer. U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after the Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates will remain low to spur growth. ----------------------MARKET SNAPSHOT @ 0035 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1109.3 1.45% 15.820 USD/JPY 89.07 -0.02% -0.020 10-YR US TSY YLD 3.3361 -- -0.013 SPOT GOLD 1139.65 0.05% 0.600 US CRUDE 78.94 0.05% 0.040 DOW JONES 10406.96 1.33% 136.49 ASIA ADRS 127.37 1.68% 2.11 ------------------------------------------------------------- > Wall St leaps as Bernanke pledges lower rates > US dollar down broadly, Bernanke rate outlook weighs > Weak economic data, Bernanke remarks spur rally > Gold stays near $1,140 as dollar remains defensive > Oil settles up 3 pct on dollar, U.S. consumer data Stocks and factors to watch: -- CAPITALAND - CapitaLand has suspended its shares ahead of an announcement to declare the final pricing of its shopping malls IPO, which a source told Reuters will raise $1.8 billion. -- SINGAPORE AIRLINES - Singapore Airlines (SIA) said on Monday the airline saw its overall load factor increase by 4.8 points in October 2009 to 71.6 percent from a year earlier -- OLAM INTERNATIONAL - Commodities firm Olam has announced it will acquire almond orchards of Australia's Timbercorp, which is currently in receivership for A $160 million ($116 mln) - Singapore's benchmark Straits Times Index rose 2.08 percent higher to 2,783.85 points on Mondayday. - The Dow Jones industrial average rose 1.3 percent to end at 10,406.96 points. The Nasdaq Composite Index rose 1.4 percent to close at 2,197.85 points. ($1=1.385 Singapore Dollar) (Reporting by Harry Suhartono, editing by Jeremy Laurence) (([e-mail]; [phone]; Reuters Messaging: [e-mail]) ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong Taiwan SE Asia Australia/NZ India OTHER MARKETS: Wall Street Gold Currency Eurostocks Oil JP bonds ADR Report LME metals US bonds STOCKS NEWS US, Europe, Asia: DIARIES & DATA: IPO diary & data U.S. earnings diary Singapore diary Eurostocks Week Ahead Asia earnings diary European diary Wall Street Week Ahead TOP NEWS: Asian companies U.S. company news European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt (Local currency) LME price overview ($1=1.382 Singapore Dollar) Keywords: SINGAPORE MARKET STOCKS/ (If you have a query or comment on this story, send an email to [e-mail])) * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News, please visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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