SINGAPORE, Nov 5 (Reuters) - Sembcorp Marine, the world's second-biggest offshore rig maker, will be in the spotlight on Thursday after it said it would build a new yard in Singapore to tap business in the energy industry.

J.P.Morgan raised its target share price on the company, which on Wednesday posted a better-than-expected 3 percent rise in quarterly net profit, to S$4.25 from S$3.75.

U.S. stocks rallied but lost steam on Wednesday after the Federal Reserves said it would keep rates near zero for "an extended period" even as it expressed confidence in the economic recovery. ----------------------MARKET SNAPSHOT @ 0004 GMT ------------

S&P 500 1046.5 0.1% 1.090
USD/JPY 90.56 -0.2% -0.180
10-YR US TSY YLD 3.5256 -- 0.006
SPOT GOLD 1090.5 -0.17% -1.850
US CRUDE 80.15 -0.31% -0.250
DOW JONES 9802.14 0.31% 30.23
ASIA ADRS 121.03 0.82% 0.99

------------------------------------------------------------- > Wall St rally fades after Fed; Cisco up late > Dollar tumbles as Fed to keep rates low for some time > Supply worry dents prices; Fed keeps rates steady > Gold hits record above $1,095/oz as dollar drops > Oil for 3rd day on inventory drop, Fed

Stocks and factors to watch:

-- SEMBCORP MARINE