Commodities

Thursday October 29, 12:52 AM
Singapore Hot Stocks-Financials, oil plays in focus

SINGAPORE, Oct 28 (Reuters) - Financials and commodity stocks such as OCBC (O39.SI - news) and Noble Group (N21.SI

- news) are likely to be in focus on Thursday, after world stocks slipped on economic worries and as oil prices slid. U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic reovery. ----------------------MARKET SNAPSHOT @ 0029 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1042.63 -1.95% -20.780 USD/JPY 90.5 -0.15% -0.140 10-YR US TSY YLD 3.4017 -- -0.013 SPOT GOLD 1029.2 0.23% 2.350 US CRUDE 77.06 -0.52% -0.410 DOW JONES (news) 9762.69 -1.21% -119.48 ASIA ADRS 118.86 -2.92% -3.58 ------------------------------------------------------------- > Wall St tumbles on recovery woes, S&P sheds Oct gain > U.S. dollar, yen firm as high-yielders sold off > Bonds climbs as housing data raises recovery doubt > Gold falls below $1,030/oz as dollar recovers > Oil falls $2 on U.S. gasoline stock build Stocks and factors to watch: -- OCBC - Bank of America (NYSE: IKJ - news) -Merrill Lynch (NYSE: MER - news) rated OCBC, Singapore's second biggest lender, a 'buy' after it reported a surprise 12 percent increase in third quarter profits on Wednesday. -- OSIM INTERNATIONAL - Massage chair maker OSIM reported on Wednesday a S$7 million net profit in the third quarter, versus a S$7 million net loss a year earlier, on stronger sales coming after the launch of new products. -- SWISSCO INTERNATIONAL - Swissco, an energy marine services firm, said on Wednesday that controlling shareholder Yeo Holdings has proposed selling its entire 54.75 percent stake to C20 Holdings. -- STARHILL GLOBAL REIT INVESTMENT TRUST - Starhill reported on Wednesday that third quarter distributable income rose 7.8 percent from a year ago, while distribution per unit rose 6.7 percent to 0.95 cents per unit. -- FASTECH SYNERGY (F21.SI - news) - Fastech, a manufacturer of products in the semiconductor and microwave industries, reported on Wednesday a 70 percent drop in third quarter profit, and said the financial crisis may continue to have an adverse impact on the firm's business. -- CHINA ANIMAL HEALTHCARE - China Animal Healthcare, a maker of animal drugs, reported on Wednesday a 25 percent rise in third quarter net profit, on higher sales as poultry breeding recovered after bird flu worries and as pork prices rebounded from being hit by H1N1 fears. - Singapore's benchmark Straits Times Index fell 1.69 percent to 2,648.98 points on Tuesday. - The Dow Jones Industrial Average fell 1.21 percent to 9,762.69 points while the Nasdaq Composite (NASDAQ: news) declined 2.67 percent to 2,059.61 points. (Editing by Neil Chatterjee)