SG Market (01 Nov 12)

SG Market: S’pore shares may extend its lackluster run amid a dearth of compelling cues, amid a stuttering restart of US markets and ahead of key U.S. economic data (jobless claims, nonfarm payrolls) later this week. The STI ended flat at 3038.37 Wednesday. The is likely to flounder within the 3020-3060 range. DBS will be in focus after posting a slightly better-than-expected 12% yoy rise in 3Q net profit, although core earnings are in line. SMRT could also draw attention after its 2Q net profit fell 2.2% yoy, which was within expectations but uninspiring.