Singapore shares may open higher on Monday following gains on Wall Street overnight, lifted by financial stocks. However, any gains may be subdued due to China's latest move to tighten monetary policy.

Media firm Singapore Press Holdings (SPH) may be in focus after it said on Friday its first quarter net profit fell 29.3 percent due to a drop in operating revenue  from its property segment.

 	
 ----------------------MARKET SNAPSHOT @ 2353 GMT ------------
                  INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500                   1293.24      0.74%     9.480
 USD/JPY                   82.9         0.12%     0.100
 10-YR US TSY YLD     3.3309          --     0.000
 SPOT GOLD                 1363.49      0.19%     2.640
 US CRUDE                  91.48        0.09%     0.080
 DOW JONES                 11787.38     0.47%     55.48
 ASIA ADRS                144.64       0.09%      0.13
 -------------------------------------------------------------
> Banks lead S&P 500 to seventh week of gains            	
> Treasuries retreat as investors choose stocks         	
> Euro paces best week since March 2009; gains ahead   	
> Gold falls 1 pct after China's tightening            	
> Brent scales $99 before expiry, U.S. Oil rises        	
      	

Stocks and factors to watch:

-- HI-P INTERNATIONAL

- Electronics contract manufacturer Hi-P International said it expects its revenue for the fourth quarter to be higher than the previous three months due to higher demand from its customers. It had previously guided for its fourth-quarter revenue to be comparable to the third quarter.

 

-- INTERNATIONAL PRESS SOFTCOM

- International Press Softcom, which provides software contract manufacturing services, said on Friday the firm expects to record a loss for the second half of 2010, due to low revenue from its Singapore operations and an impairment charge due to the closure of one of its units.

 

-- SOUND GLOBAL

- Chinese waste water treatment firm Sound Global said it will invest 119.6 million yuan ($18.1 million) to build and operate a waste water project in Shaanxi province, China.

- Sound Global's chief financial officer Choo Beng Lor has stepped down with effect from Jan 14 to pursue other career opportunities, the company said. Its finance manager Zhang Xiquan will temporarily take over Choo's duties.

- Singapore's benchmark Straits Times Index fell 0.3 percent on Friday to 3,245.96 points.

-The Dow Jones industrial average rose 0.47 percent to finish at 11,787.38. The Standard & Poor's 500 Index gained 0.74 percent to 1,293.24. The Nasdaq Composite Index climbed 0.73 percent to 2,755.30.