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SINGAPORE DAYBOOK: City Developments, Noble, ST Engineering

May 12 (Bloomberg) -- Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, said fourth-quarter net income fell 2.3 percent to S$991.7 million. Analysts had expected profit of S$988 million, the average of five estimates compiled by Bloomberg.

Shareholders will get a special dividend of 10 Singapore cents a share, in addition to a final payout of 9 cents.

WHAT TO WATCH:

*Oversea-Chinese Banking Corp. (OCBC SP) reports 1Q earnings. Analyst est. for net income S$587.5m *Singapore Airlines Ltd. (SIA SP) reports 4Q earnings. Analyst est. for net income S$305m *Olam International Ltd. reports 1Q earnings. Analyst est. for net income S$83.2m *Genting Singapore Plc (GENS SP) reports 1Q earnings *Singapore Telecommunications Ltd. (ST SP) said 4Q net income fell 2.3 percent to S$991.7m versus analyst avg. est. S$988m. Plans special div of 10 Singapore cents *Amtek Engineering Ltd. (AMTK SP) reported 3Q net income of $9.9m Vs $3.6m a year earlier *City Developments Ltd. (CIT SP) reported 1Q profit of S$282.3m *Consciencefood Holdings Ltd. (CSF SP) reported 1Q net income of 34.3b rupiah Vs 25.7b rupiah a year earlier *Lee Kim Tah Holdings Ltd. (LKT SP) reported 1Q net income of S$26m Vs S$9.5m a year earlier *Noble Group Ltd. (NOBL SP) said 1Q profit rose 80% to $203m. *SembCorp Industries Ltd. (SCI SP) reported 1Q net income of S$159.9m *ST Engineering (STE SP) said 1Q profit rose 20% to S$111.1m *Vicom Ltd. (VCM SP) reported 1Q profit before tax of S$7.2m *Wheelock Properties (WP SP) reported 1Q profit of S$52.3m

MARKETS:

S&P 500 down 1.1% to 1,342.08 Stoxx Europe 600 up 0.3% to 283.73 MSCI Asia Pacific up 0.3% to 138.40 Straits Times Index up 0.7% to 3,177.18

BTV:

6:30 a.m. Shang Hsiu Koo, Jiayuan.com CFO 7:10 a.m. Jessica Caldwell, Edmunds.com analyst 8:10 a.m. Susumu Kato, Credit Agricole and CLSA Chief Japan economist 8:50 a.m. John Saunders, MPGA CEO 9:10 a.m. Koji Endo, Advanced Research Japan Managing Director 9:40 a.m. Davide Cucino, EU Chamber of Commerce in China President 10:05 a.m. John Wadle, Mirae Asset Head of Asian Banks Research 10:30 a.m. Dick Wei, JP Morgan China Internet Analyst 10:40 a.m. Eric Fishwick, CLSA Head of Economic Research

To contact the reporter responsible for this story: Alan Soughley at asoughley@bloomberg.net

To contact the editor responsible for this story: Alan Soughley at asoughley@bloomberg.net

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