Singapore Stocks - Factors to watch on May 23

SINGAPORE, May 23 (Reuters) - Following is some

company-related and market news which could have an impact on

the local market.

----------------------MARKET SNAPSHOT @ 0029 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 1655.35 -0.83% -13.810

USD/JPY 103.43 0.27% 0.280

10-YR US TSY YLD 2.0651 -- 0.028

SPOT GOLD 1366.66 -0.14% -1.880

US CRUDE 94.00 -0.30% -0.280

DOW JONES 15307.17 -0.52% -80.41

ASIA ADRS 146.07 -1.19% -1.75

-------------------------------------------------------------

GLOBAL MARKETS-Stocks, oil fall after Bernanke; dollar gains

SE ASIA STOCKS-Singapore up on earnings hopes; Thai shares

fall

STOCKS TO WATCH

-- SINGAPORE GDP

- Singapore's economic growth is expected to improve

gradually over the year, the government said on Thursday after

data showed gross domestic product (GDP) grew 1.8 percent in the

first quarter, boosted by a surge in financial services.

-- EZION HOLDINGS LTD

- Oil and gas provider Ezion Holdings has issued S$110

million ($86.9 million) 4.7 percent notes due 2019, under its

S$500 million multicurrency debt issuance programme. The Series

003 notes will bear interest at 4.7 percent per annum and mature

on May 22, 2019.

-- CEDAR STRATEGIC HOLDINGS LTD

- Cedar Strategic is acquiring a property firm in Guizhou,

China for S$936.2 million in its bid to establish itself as a

regional real estate player.

-- ROTARY ENGINEERING LTD

- Oil and gas infrastructure services provider Rotary

Engineering announced it has entered an agreement to buy 1.5

million shares in its associated company Jasinusa Automobile Pte

Ltd for $720,000. After the acquisition, the company will hold a

37.5 percent stake in Jasinusa, up from 25 percent now.

-- AUSGROUP LTD

- AusGroup, which provides construction services to oil and

gas industries, announced it has placed its wholly owned

subsidiary in Singapore, AGL (Asia) Pte Ltd, under member's

voluntary liquidation.

-- HEALTHWAY MEDICAL CORP LTD

- Healthway Medical, a healthcare medical group, requested

on Thursday a trading halt in its shares for one day pending the

release of an announcement.

-- ADVISORY-SINGAPORE MARKETS CLOSED FOR PUBLIC HOLIDAY

- Singapore financial markets are closed on Friday for a

public holiday and will resume trading on Monday.

MARKET NEWS

> Nikkei climbs to fresh 5-1/2-year high

> Wall St falters in volatile session on Fed worries

> Yields jump as Bernanke remarks unnerve investors

> U.S. dollar climbs to multi-year highs after Bernanke

> Gold slides as Fed chief hints at reduced bond buying

> Oil drops on gasoline glut, falls more on Fed minutes

> 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

DIARIES & DATA:

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