Malaysia-Market factors to watch May 25

KUALA LUMPUR, May 25 (Reuters) - Following is a list of
events in Malaysia as well as news stories and press reports
which may influence financial markets.

(Reuters News welcomes your feedback and for any queries
please contact David Chance in Kuala Lumpur editorial on +603
2333 8033 or via email at david.chance@thomsonreuters.com or on
Reuters messaging david.chance.reuters.com@reuters.net)

WHAT IS HAPPENING IN MALAYSIA, ALL TIMES LOCAL FOLLOWED BY
GMT

(The inclusion of diary items does not necessarily mean that
Reuters will cover the event)
* Palm oil producer Sime Darby (SIME.KL), the largest company
on the bourse by market value, to release third-quarter
earnings after 5p.m.(0900)
* Cargo surveyors Intertek Testing Services and Societe
Generale de Surveillance unveil May 1-25 Malaysian palm oil
export data. (0100g and 0630g)

MARKET SNAPSHOTS
* Malaysian shares are expected to open higher on Monday on
follow-through buying after last week's 3.1 percent
rise.[.KLSE]
* "I think the market should go up, the key index may test the
1,050 points level, if the index breaks that level, the next
resistance will be 1,085 points," said an institutional dealer
from a leading Malaysian brokerage.
* "Malaysia has been lagging behind regional markets, foreign
funds will eventually come in as they have been a net seller of
our market for the past few months. Actually some of them have
already started nibbling," said the dealer.
* Banking, plantation and construction stocks may lead the
uptrend, she said, adding that lender AMMB (AMMB.KL), builder
Gamuda (GAMU.KL) and oil palm grower Sime Darby (SIME.KL) are
stocks that still offer upside potential.
* U.S. stocks fell for a fourth day on Friday on persistent
worries about the U.S. budget deficit, with U.S. Treasuries and
the dollar losing ground.[.N]
* Oil prices rose on Friday as data showing a big increase in
Chinese demand, along with a weak dollar, offset persistent
worries about the fiscal outlook for top energy consumer the
United States.[O/R]
* For global market news, click on [MKTS/GLOB]
* Malaysian palm futures rose nearly 1 percent on Friday,
rebounding from a three-week low a day earlier, but fears over
supplies in the world's number-two producer and a strong
ringgit MYR= capped gains, traders said.[POI/]
* To see Malaysian central bank regular money market tenders
issued at around 0930 local please click on the following link
here
* To see the top Islamic finance stories from Malaysia and
elsewhere click on [ID:nISLAMIC] ----------------------MARKET
SNAPSHOT @ 230 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 .SPX 887.00 -0.15% -1.330

USD/JPY JPY= 94.63 -0.17% -0.160

10-YR US TSY YLD US10YT=RR 3.450 -- 0.000

SPOT GOLD XAU= $956.30 0.05% 0.450

US CRUDE CLc1 $62.11 0.71% 0.430

DOW JONES .DJI 8277.32 -0.18% -14.81

ASIA ADRS .BKAS 107.12 0.56% 0.60

KLCI .KLSE 1,045 0.94% 9.70
-------------------------------------------------------------
FOR MALAYSIAN ECONOMIC INDICATORS CLICK ON [ID:nKLR472521]
FOR REALTIME MALAYSIAN ECONOMIC INDICATORS, HIT ECONMY
KEY GLOBAL ECONOMIC NEWS, SEE [TOP/MACRO]
TOP NEWS ON ASIAN COMPANIES [TOP/EQA]
FOR ECONOMIC FX RELATED NEWS HIT [FXNEWS]
FOR WHAT INVESTORS ARE SAYING ABOUT DEALS [DEALTALK/]
STOCKS - BUY OR SELL? [BUYSELL/]
IN THE NEWS REUTERS MALAYSIA (Click on [MY-RTRS]) >Malaysia
Tenaga plans $803 mln hydro-power plants[ID:nKLR142346]
>Mubadala to invest $1.8 bln in M'sia property
jv[ID:nKLR475878] >Qatar's Ezdan may sell property to Malaysia
fund [ID:nLO316397] >Qatar's Ezdan may list Islamic REIT in
Malaysia[ID:nLN587590] >Mitsui Sumitomo in tie-up talks -
Nikkei[ID:nBNG460306] >Singapore, Malaysia seek to build new
bridges[ID:nSP59541] >Malaysia cbank seen holding rates, Q1 GDP
shrinks[ID:nKLR407707] >Malaysia intl reserves $88 bln on May
15-c.bank[ID:nKLA008274] >Malaysia govt controls disputed
state-court[ID:nKLR481582]

ASIA MARKETS NEWS - Asian stocks are set to
open lower on Monday as fears of credit rating downgrades
weighed on markets.Trading is expected to be thin head of
market holidays on Monday in the U.S. and UK.[STXNEWS/AS] -
Emerging equities firmed half a percent on Friday as dollar
weakness and commodity strength helped the sector claw back
some of the previous session's losses.[EMRG/FRX] - Southeast
Asian stock markets mostly recovered from early falls on
Friday, with energy-related shares among the advancers,
including Singapore's Golden Agri, Malaysia's Tenaga, Thai
PTTEP and Indonesia's Adaro Energy.[.SO]

(Reporting by Kuala Lumpur Newsroom)