Singapore’s benchmark Straits Times Index (.FTSTI) fell 1.02% to 2,944.22 points. US stocks staged a broad rally that drove the S&P 500 to its best day in two months on Monday after manufacturing, consumer spending and construction data instilled confidence that the economic recovery is gaining traction. Here are some stocks and factors to watch.

Sembcorp Industries opened Asia’s largest water-recycling plant in Singapore today. The company will operate the facility under a 25-year contract with the city-state’s Public Utilities Board. The plant can handle as much as 50 million gallons of water a day.

First Ship Lease Trust says the charterers of two vessels which are affiliates of Groda Shipping & Transportation, have told FSL Trust they do not intend to continue to make full lease payments under the lease charter agreements.

Chongqing-based property developer Ying Li International Real Estate says it will register a net loss for the first quarter ending 30 March 2010 (1Q2010) and the second quarter ending 30 June 2010 (2Q2010).

Raffles Medical Group, Singapore’s second largest health service firm, may be in focus on Tuesday after it said it aims to post 15-20% revenue growth in 2010.The company, which generates about a third of its revenue from overseas patients in Singapore, told Reuters in an interview on Monday it is banking on an ageing population and growing wealth in the city-state as well as growing revenues from other Asian countries.

Singapore Airlines: The International Air Transport Association said on Monday airlines are faring better financially this year, with share prices and fares up, despite the volcanic ash that caused hardship in April.