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Singapore Hot Stocks - Commodity plays, Jurong Tech in focus
Reuters - 46 minutes ago
SINGAPORE, Dec 9 - Commodity plays such as Noble <NOBG.SI> and Keppel Corp <KPLM.SI> may be in focus on Tuesday after oil and commodity futures rallied, while technology firm Jurong Tech <JTIL.SI> said it was investigating alleged financial irregularities.
U.S stocks rallied to their highest level in a month on Monday on optimism President-elect Barack Obama's proposed infrastructure spending could limit the depth of the recession and on hopes for a government bailout of the three U.S. automakers. ----------------------MARKET SNAPSHOT @ 0008 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 909.7 3.84% 33.630 USD/JPY <JPY=> 92.95 0.12% 0.110 10-YR US TSY YLD <US10YT=RR> 2.7671 -- 0.022 SPOT GOLD <XAU=> 772.85 0.20% 1.550US CRUDE <CLc1> 44.02 0.71% 0.300 DOW JONES <.DJI> 8934.18 3.46% 298.76 ASIA ADRS <.BKAS> 88.08 5.92% 4.92 ------------------------------------------------------------- > Wall St. rallies on infrastructure plan, FedEx falls [.N] > US Dollar falls as stimulus plans boost risk-taking [USD/] > Bonds fall on stock gains, looming supply [US/] > Gold rallies on economic optimism, inflation fears [GOL/] > Oil jumps 7 percent, Saudi Arabia deepens cuts [O/R]
Stocks and factors to watch:
--JURONG TECH <JTIL.SI>
- Jurong Technologies said it had started a fact-finding process to verify an allegation by its auditors Ernst & Young regarding irregularities in the administration of receivable financing facitities. [ID:nSNC820061]
--THAI BEVERAGE <TBEV.SI>
- The Stock Exchange of Thailand said on Monday that Thai Beverage had cancelled its plans to list in Bangkok because of protests by anti-alcohol activists. It is the latest failed attempt by Thailand's largest brewer and distiller to get a listing at home.[ID:nBKK409782]
- Singapore's benchmark Straits Times Index <.FTSTI> rose 0.94 percent to 1,659.17 points on Friday.
- The Dow Jones Industrial Average <.DJI> rose 3.46 percent to 8934.18 while the Nasdaq Composite Index <.IXIC> was up 4.14 percent to 1571.74.
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