Malaysia Hot Stocks - Factors to watch

KUALA LUMPUR, April 23 (Reuters) - Here are news stories that may affect the Malaysian stock market on Wednesday.

MALAYSIA SAYS SHELVES BULLET-TRAIN PROJECT

- Malaysia has shelved plans for a bullet train to run between Kuala Lumpur and neighbouring Singapore, a top official with the government economic planning unit said on Tuesday.

For full details, please double-click on [ID:nKLR134033]

MALAYSIA MUHIBBAH EYES 130 MLN RGT ISLAMIC BOND ISSUE

- Malaysian builder Muhibbah Engineering (MUHI.KL) plans to issue up to 130 million ringgit ($41.40 million) of Islamic bonds, the firm said on Tuesday.

MALAYSIA'S MUHIBBAH ENGINEERING WINS 80 MLN RGT JOB

- Malaysian builder Muhibbah Engineering (MUHI.KL) has won an 80 million ringgit ($25.48 million) project from shipbuilder Malaysia Marine and Heavy Engineering Sdn Bhd to redevelop deepwater facilities in the southern state of Johor, Muhibbah said on Tuesday.

MALAYSIA'S BERJAYA TOTO SAYS NO PLANS TO PRIVATISE

- Malaysian gaming firm Berjaya Sports Toto Bhd (BSTB.KL) has no plans to be taken private, the firm told the stock exchange on Tuesday.

MALAYSIA'S BURSA SETS TELEKOM INT'L PRICE GUIDE

- TM International, the mobile-phone arm of Telekom Malaysia (TLMM.KL), has been given an indicative value of 7.85 ringgit a share, or a total value of roughly 28.08 billion ringgit ($8.94 billion), ahead of its separate listing in Malaysia on April 28.

MALAYSIAN DRB-HICOM GETS C.BANK NOD TO BUY BANK STAKE

- Malaysian auto-to-property conglomerate DRB-Hicom (DRBM.KL) has received central bank approval to acquire Bukhary Capital's entire 70 percent equity stake in Bank Muamalat, the firm told the stock exchange on Tuesday.

MALAYSIA REVIEWING COST OF DEVELOPMENT PROJECTS-PM

- Malaysia is reviewing some projects under a state development blueprint, the prime minister said on Tuesday, reviving concerns the government may shelve them after its shock electoral setback in last month's poll.

BAT MALAYSIA BOOSTS PROFIT DESPITE FALL IN SALES VOLUME

- British American Tobacco (Malaysia) Bhd (BATO.KL) reported a 7 percent rise in first-quarter net profit on Tuesday, despite lower sales volumes blamed on recent cigarette-tax increases.

The firm said higher pricing and a better sales mix had helped lift turnover 9 percent. It added that this year would be challenging but it was cautiously optimistic of delivering satisfactory results for the full year.

MALAYSIA'S C.BANK RESERVES $122 BLN AT APRIL 15

- Malaysia's international reserves stood at $122 billion on April 15, up 1.4 percent from $120.3 billion on March 31, central bank data showed on Tuesday.

For full details, please double-click on [ID:nKLA007402] ($1=3.141 Malaysian Ringgit) (Reporting by Clarence Fernandez and Naveen Thukral)