Malaysia Hot Stocks - Factors to watch

Tue Mar 25, 2008 7:54pm EDT
 
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KUALA LUMPUR, March 26 (Reuters) - Here are news stories that may affect the Malaysian stock market on Wednesday.

MALAYSIA PM VOWS TO SPEED REFORM AFTER POLL SETBACK

- Malaysia's prime minister vowed on Tuesday to speed up economic reform after voters gave his government a wake-up call at elections this month.

For full story, please double click on [ID:nKLR311801]

KHAZANAH SAYS SET FOR BIG DEALS

- Malaysian state investor Khazanah could pursue a number of large deals with the companies in its portfolio, either by selling large chunks of those firms or by bringing in partners, its chief said on Tuesday.

For full story, please double click on [ID:nSP86234]

MALAYSIA SEES 208 GDP GROWTH OF 6 PCT OR LESS

- Malaysia's economic growth this year may fall short of the official target of 6.0-6.5 percent, a senior government official said on Tuesday.

For full story, please double click on [ID:nKLR81862]

BUMI-COMMERCE CEO SAYS UNAWARE OF MAYBANK MERGER PLAN

- Malaysia's second-biggest bank, Bumiputra-Commerce Holdings BUCM.KL, said on Tuesday it was unaware of any plan for it to merge with Maybank (MBBM.KL), the country's top lender.

"Not to my knowledge," Bumiputra-Commerce Chief Executive Nazir Razak told Reuters when asked to comment on market talk that the two banks would be merged.

TEMASEK CLOSE TO SELECTING BII BUYER, HSBC DROPS OUT

- HSBC (HSBA.L), Europe's biggest bank, dropped out of the race to buy a 42 percent stake in Bank Internasional Indonesia (BNII.JK), a source said on Tuesday, as Singapore state investor Temasek moved closer to choosing a buyer who may have to pay over $1 billion.

The battle is now between Malayan Banking Bhd (MBBM.KL) and Bank of China (601988.SS) for Indonesia's sixth-biggest lender, while South Korea's Kookmin 060000.KS has also joined the race as a third bidder, a source with direct knowledge of the deal told Reuters.  Continued...

 

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