Singapore Stocks - Factors to watch on Sept 4
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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