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Malaysia Hot Stocks - Factors to watch

Wed Feb 13, 2008 7:18pm EST

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KUALA LUMPUR, Feb 14 (Reuters) - Here are news stories that may affect the Malaysian stock market on Thursday.

MALAYSIA PM CALLS ELECTION AMID RACIAL RIFT

- Malaysia's premier called on Wednesday for fresh elections that he is certain to win, kicking off a campaign likely to be overshadowed by racial issues and religious tension in the southeast Asian nation.

For full story, please double click on [ID:nKLR164916]

RANHILL SAYS WINS 15.5 MLN RGT HOSPITAL JOB

- Malaysian builder Ranhill Bhd (RANH.KL) has been awarded a government contract worth 15.5 million ringgit ($4.79 million) for demolition and clearance works for a hospital project, the firm said on Wednesday.

Ranhill said in a statement it was currently in the final stage of talks with the government for the second portion of the project which involves the main structural works.

The company was responding to a stock exchange query on a newspaper report which said Ranhill had clinched a 1.2 billion ringgit hospital contract.

LCL CORP SAYS UNIT WINS DUBAI JOB

- Malaysia's LCL Corp Bhd (LCLC.KL) said on Wednesday its unit has won a contract worth about 295 million ringgit ($91.19 million) for installation works at light rail transit stations in Dubai.

UEM WORLD PLANS MAJOR CORPORATE DEAL

- Malaysian state-controlled builder UEM World UEMW.KL suspended trading in its shares on Wednesday, pending a major corporate deal.

UEM World said the suspension related to a material corporate exercise involving a major change in business direction.

The exercise would also involve its listed units UEM Builders Bhd UEMU.KL, Opus Group Bhd OPUI.KL, Pharmaniaga Bhd (PHMA.KL) and Cement Industries of Malaysia Bhd (CIMA) CIMA.KL.

For full story, please double click on [ID:nKLR139186]

MALAYSIA TO ANNOUNCE Q4 GDP DATA ON FEB 27

- Malaysia's central bank will announce fourth-quarter economic growth data on Feb. 27, it said on Wednesday.

Gross domestic product rose 6.7 percent in the third quarter from a year before, the fastest annual pace in more than three years. (Reporting by Jalil Hamid and Clarence Fernandez)



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