Singapore’s benchmark Straits Times Index fell 0.51% to 2,701.20 points on Friday.

Financials such as DBS and UOB may also take a cue from US stocks, where banks helped Wall Street snap a three-day losing streak on bets that a financial regulation bill pending in the US Congress won’t be as onerous as feared. Here are some stocks to watch:

Singapore Airlines, the world’s second- biggest carrier by market value, said fourth-quarter net income climbed to $278 million from $41.9 million a year earlier. The result topped the $190 million average of three analyst estimates compiled by Bloomberg. Singapore Air dropped 1.7% to $14.16.

Singapore Airport Terminal Services (SATS SP), a ground-handling services company partly owned by Temasek Holdings Pte, said its Singapore Food Industries Pte unit and partners will develop a pig farm in China. Singapore Airport slipped 1.6% to $2.54.

Cityspring Infrastructure Trust on Saturday reported a 7.4% rise in cash quarterly profit from a year earlier, lifted by contributions from its Australian unit Basslink.

Property shares may react to the latest government move to cool the property market by releasing a record 18 sites on its confirmed list, yielding a total of around 8,135 residential units in the second half, 2.5 times more than the first half. In addition, 13 other reserve sites could yield an additional 5,770 units. CapitaLand Ltd, Southeast Asia’s biggest developer, dropped 2.2% to $3.51. City Developments, Singapore’s second-biggest developer, lost 1.2% to $10.12. Keppel Land, the property arm of Keppel Corp., declined 3.6% to $3.46.

United Fiber System announced that its subsidiary, Poh Lian Construction, has been awarded a $58.5 million contract by Prime Residential Development, a subsidiary of Kajima Overseas Asia to build apartment blocks at the up-market residential area located near Nathan Road and Bishopgate junction.

Bukit Sembawang Estates reported that it has returned to the black in the fourth quarter and the full year ended March31,2010. During the quarter, net profit was at $41.90 million compared to a net loss of $61.44 million a year ago. As a result, full year profit was at $52.97 million, compared to a net loss of $48.41 million a year ago. It has recommended a final dividend of 4 cents per share, up from 2 cents a share a year ago.

Citigroup downgraded property firm Allgreen Properties to to “sell” from “buy” and reduced its target price to S$0.93 from S$1.38 following disappointing sales at a newly launched apartment complex and on theassumption that new launches will be delayed.