Singapore Stocks - Factors to watch on Sept 4

Reuters

Following is some company-related and market news that could

have an impact on the local market.

----------------------MARKET SNAPSHOT @ 0014 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 1639.77 0.42% 6.800

USD/JPY 99.57 0.01% 0.010

10-YR US TSY YLD 2.865 -- 0.002

SPOT GOLD 1413.14 0.08% 1.100

US CRUDE 108.37 -0.16% -0.170

DOW JONES 14833.96 0.16% 23.65

ASIA ADRS 139.96 2.48% 3.39

-------------------------------------------------------------

GLOBAL MARKETS-Support for US action in Syria limits stocks'

rise

SE ASIA STOCKS-Most gain on commodity plays; Indonesia

leads

STOCKS TO WATCH

-- CHINA MINZHONG FOOD CORP LTD

- Singapore-listed China Minzhong said the supplemental

report from Glaucus Research was "lacking substance and

self-serving", adding that no fresh allegations were raised.

Separately, Indonesian food company PT Indofood Sukses

Makmur, which had launched an offer for Minzhong, said

the vegetable producer complements its business and "various

opportunities exist for strategic integration and synergies".

These include industrialised farming in Indonesia using both

their expertise and resources, as well as the potential sale and

distribution of Minzhong produce by tapping Indofood's extensive

network in Indonesia.

-- SINGAPORE EXCHANGE LTD

- Singapore Exchange said its total securities turnover for

August fell 8 percent from a year earlier to S$27.3 billion

($21.4 billion). But total futures and options volume increased

32 percent year-on-year to 8.6 million contracts.

-- INTERRA RESOURCES LTD

- Oil and gas firm Interra Resources said it has agreed to

acquire PT Benakat Barat Petroleum, which holds all the rights

to explore and develop the Benakat Barat field in South Sumatra,

Indonesia.

-- CORDLIFE GROUP LTD

- Cord blood services provider Cordlife said it has agreed

to acquire a 19.92 percent interest in Malaysia's StemLife

Berhad for 29.58 million ringgit ($9 million).

MARKET NEWS

> Nikkei climbs to 3-week high as global factory data buoy

> Wall St up but rally fizzles on support for Syria strike

> Bonds slide on upbeat economic data, reduced Syria fear

> Dollar rises to 6-week high after stronger US data

> Gold up 1.4 pct as Republicans back US strike on Syria

> Oil settles higher on tight supplies, Syria worries

> Key political risks to watch in Singapore

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