Malaysian shares seen down, Maybank in focus

KUALA LUMPUR, May 6 (Reuters) - Malaysian stocks are likely
to fall on Tuesday with shares of the country's top lender,
Maybank (MBBM.KL), expected to decline after it bought a 15
percent stake in Pakistan's MCB Bank (MCB.KA).

Analysts say Maybank is having to pay a high price for
being among the last to hit the overseas acquisition trail.

But oil-and-gas services companies such as Dialog Group
(DIAL.KL), KNM (KNMP.KL) and Kencana Petroleum Bhd (KENP.KL)
could rise on the back of record crude oil prices.

"The market could retreat because the sentiment is going to
be weak due to Maybank which is going to fall," said one dealer
with a domestic brokerage. "Otherwise oil-and-gas stocks could
gain as oil prices jumped above $120."
On Monday, the benchmark Kuala Lumpur Composite Index .KLSE
inched up 0.25 percent to 1,274.61 points. The May futures
KLIK8 put the index at 1,274 points.

----------------------MARKET SNAPSHOT @ 2351 GMT
------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1407.49 -0.45% -6.410
USD/JPY JPY= 104.88 -0.04% -0.040
10-YR US TSY YLD US10YT=RR 3.8592 -- -0.012
SPOT GOLD XAU= 871.7 -0.15% -1.350
US CRUDE CLc1 119.74 -0.19% -0.230
DOW JONES .DJI 12969.54 -0.68% -88.66
ASIA ADRS .BKAS 166.93 -0.14% -0.24
-------------------------------------------------------------
> US STOCKS-Wall St falls on Countrywide fears, record oil
[.N]
>Dollar stalls as investors debate health of US economy
[USD/]
> Bonds mixed with short end up as stocks stumble
[US/]
> Gold bounces on bargain hunting, off 4-month low
[GOL/]
> Oil jumps $4 to record over $120 on weak dollar
[O/R]
> SE Asian Stocks-Higher as banks, China plays lead gains
[.SO]
> Maybank buys stake in Pakistan MCB Bank
[ID:nKLR131083]
> Bumi-Commerce seeks bad loans sale
[ID:nKLR123257]
> Tradewinds Corp buys Tradewinds Hotels
[ID:nKLR288089]
> Putrajaya Perdana wins 181m rgt job
[ID:nKLA007453]
> Malaysia sees avg 08 CPO prices at 3,200
rgt/t[ID:nKLR192569]
> Malaysia Transmile director Idrose resigns
[ID:nKLA007454]
> Pos Malaysia says MD resigns
[ID:nKLA007451]
> Malaysia's Maxis to invest $4-5 bln in India
[ID:nBOM182941]

CYCLE & CARRIAGE BINTANG SAYS NO DECISION ON SPECIAL DIV

- Car distributor Cycle & Carriage Bintang (CYCB.KL) has
not made any decision on return capital to shareholders, the
firm said on Monday, responding to a recent newspaper report.

"The company regularly reviews its cash flow position and
its working capital and investment requirements, and should any
decision be made by its board in future regarding any form of
special dividend or capital repayment, an announcement will be
made accordingly," the company said.

The Edge business weekly said at the weekend that Cycle &
Carriage Bintang was considering paying out about 50 Malaysian
cents per share.
(Reporting by Naveen Thukral, editing by Mark Bendeich)