July 30, 2009 / 12:20 AM / 8 years ago

Singapore Hot Stocks-Spotlight on CapitaLand, SingTel

 SINGAPORE, July 30 (Reuters) - CapitaLand (CATL.SI), Southeast Asia’s biggest developer, may be in focus on Thursday after it posted its first quarterly loss since 2003 and said its 2009 outlook was uncertain.
 U.S. stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder a global economic recovery. ----------------------MARKET SNAPSHOT @ 0002 GMT ------------
                 INSTRUMENT   LAST       PCT CHG   NET CHG S&P 500             .SPX       975.15      -0.46%    -4.470 USD/JPY             JPY=       95.13        0.08%     0.080 10-YR US TSY YLD    US10YT=RR  3.6739          --     0.010 SPOT GOLD           XAU=       928.55      -0.05%    -0.450 US CRUDE            CLc1       62.95       -0.63%    -0.400 DOW JONES           .DJI       9070.72     -0.29%    -26.00 ASIA ADRS           .BKAS      116.02      -0.49%     -0.57 ------------------------------------------------------------- > Wall St sags on China-driven economy fear, Visa off    [.N] > U.S. dollar climbs to two-week peaks vs euro         [USD/] > Shorter-dated notes fall after 2nd poor auction       [US/] > Gold slides as rising risk aversion boosts dollar    [GOL/] > Oil posts biggest loss since April as supplies jump   [O/R]
 Stocks and factors to watch:
 -- CAPITALAND (CATL.SI)
 CapitaLand, which is 40 percent held by Singapore state investor Temasek [TEM.UL], reported a net loss of S$156.9 million ($108.4 million) for April-June compared with a net profit of S$515.2 million a year earlier due to write downs on investments. [ID:nSGC001241]
 -- SINGAPORE TELECOMMUNICATIONS (STEL.SI)
 BNP Paribas on Thursday cut its investment recommendation on Singapore Telecommunications (STEL.SI) to “hold” from “buy,” but raised its target price to S$3.64 ($2.52) from S$3.33, citing a 35.7 percent rise of the stock price this year as a reason. [ID:nSGC001240]
 - Singapore’s benchmark Straits Times Index .FTSTI fell 0.76 percent to 2,604.06 on Wednesday.
 - The Dow Jones industrial average .DJI fell 0.29 percent to 9,070.72 points. The Nasdaq Composite Index .IXIC was down 0.39 percent at 1,967.76 points.
(Reporting by Nopporn Wong-Anan; Editing by Dhara Ranasinghe)                                              

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