Malaysia Hot Stocks - Factors to watch

KUALA LUMPUR, Nov 27 (Reuters) - Here are news stories that may affect the Malaysian stock market on Tuesday:

YTL CORP TO DISTRIBUTE YTL POWER SHARES AT DISCOUNT

- Malaysian utilities to construction group YTL Corp (YTLS.KL) declared another distribution of shares in its listed power subsidiary, YTL Power International (YTLP.KL), at a 60 percent discount to the current YTL Power share price.

YTL Corp, which has a policy of selling shares in some of its listed units at a discount to parent-company shareholders, said it would sell up to 128.28 million YTL Power shares on the basis of one for every 15 YTL Corp shares held.

YTL Power shares closed on Monday at 2.51 ringgit.

MALAYSIAN CENTRAL BANK KEEPS RATES STEADY

- Malaysia's central bank kept interest rates steady, stepping back to weigh the options for its trade-reliant economy as inflation rises and global growth slows.

For full story, please double click on [ID:nKLR46784]

MALAYSIA AIRLINES REPORTS 51 PCT JUMP IN Q3 PROFIT

- State-controlled Malaysian Airline System Bhd (MASM.KL) reported a 51 percent rise in third-quarter net profit on Monday, boosted by strong passenger demand and improved yield.

The carrier posted record net profit of 363.9 million ringgit ($108.6 million) for the three months ended Sept. 30, compared with 240.3 million ringgit a year earlier.

For full story, please double click on [ID:nKLR150006]

MALAYSIA AIRPORTS TO PAY OUT HALF OF ANNUAL PROFITS

- Malaysia Airports Holdings Bhd (MAHB.KL) will pay out at least 50 percent of annual net profit as dividend under a new policy, the company said on Monday.

"This dividend policy will enable Malaysia Airports to provide sustainable dividends to shareholders consistent with the company's earnings growth while maintaining an efficient capital structure and ensuring sufficiency of funds for future growth," it said.

SCOMI BIDDING FOR $1.8 BLN IN MONORAIL CONTRACTS