SINGAPORE, May 22 (Reuters) - Following is some
company-related and market news which could have an impact on
the local market.
----------------------MARKET SNAPSHOT @ 0010 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S&P 500 1669.16 0.17% 2.870
USD/JPY 102.51 0.05% 0.050
10-YR US TSY YLD 1.9228 -- -0.007
SPOT GOLD 1377.24 0.13% 1.800
US CRUDE 95.78 -0.42% -0.400
DOW JONES 15387.58 0.34% 52.30
ASIA ADRS 147.82 -0.04% -0.06
-------------------------------------------------------------
GLOBAL MARKETS-Shares end higher as eyes turn to Fed
SE ASIA STOCKS-Mixed ahead of Fed; Thai realty up on low
rate outlook
STOCKS TO WATCH
-- DBS GROUP HOLDINGS LTD
- Indonesia gave its approval for DBS to buy a $2.7 billion
stake in PT Bank Danamon, in a move that opens the door for the
Singapore bank to complete Southeast Asia's largest bank merger.
-- JAPAN FOODS HOLDING LTD
- Japan Foods has entered a joint venture with Ajisen
Investments Ltd to develop its Japanese restaurant business in
China. Japan Foods will hold 20 percent of the venture and
Ajisen will own the rest.
-- BOUSTEAD SINGAPORE LTD
- Boustead Singapore, an infrastructure-related engineering
services and geo-spatial technology group, posted a net profit
of S$27.7 million ($22 million) in its fourth quarter ended
March 31, down 15 percent from the previous year. Profits were
hurt by a fall in revenue from its water and wastewater
engineering division.
-- COSCO CORP (SINGAPORE) LTD
- COSCO Corp, a marine engineering and shipping group, has
secured a contract valued at more than 500 million yuan ($81.5
million) from a Chinese ship owner to build a vessel, which is
scheduled for delivery in the first quarter of 2015.
-- NAM CHEONG LTD
- Offshore vessel builder Nam Cheong announced Leong Seng
Keat, its executive director, has been re-designated as the
chief executive officer.
-- CHINA FISHERY GROUP LTD
- China Fishery is considering increasing its offer price to
above 59.70 Norwegian crowns ($10.28) per share for its bid for
Peruvian fishmeal firm Copeinca.
MARKET NEWS
> Japan's Nikkei set to rise ahead of BOJ meeting
> Dow, S&P end at records on Fed officials' reassurance
> Prices gain on dovish Fed speakers
> Dollar dips vs euro before Bernanke testimony
> Gold trims losses ahead of Bernanke testimony
> Oil falls on rising US gasoline stocks
> 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
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Asia
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