Malaysia Hot Stocks - Factors to watch
KUALA LUMPUR, April 17 (Reuters) - Here are news stories that may affect the Malaysian stock market on Thursday.
MALAYSIA'S SCOMI TARGETS MID-EAST MONORAIL MARKET -PAPER
- Malaysian builder and engineer Scomi Group (SCOI.KL) aims to penetrate the Middle East market for monorail systems within six months, the Star newspaper reported on Thursday, quoting Hilmi Zaini, president of the group's Star Engineering unit.
GOVT MAY SHOULDER COOKING OIL SUBSIDY -PAPER
- Oil palm planters may heave a sigh of relief as the government may scrap a cooking oil subsidy for which they are currently paying, the Business Times newspaper said on Thursday, quoting Commodities Minister Peter Chin as saying a decision would be made by the end of next month.
MALAYSIA'S AFFIN ON EXPANSION TRAIL -PAPER
- Malaysia's Affin Holdings (AFIN.KL), owner of Affin Bank, is ready to expand and could spend about a tenth of shareholders' funds to buy a bank at home or in the region, the Business Times said, quoting Managing Director Abdul Hamidy Hafiz, with Vietnam, Thailand and Indonesia seen as good regional prospects.
MALAYSIA'S LANDMARKS PLANS CASINOS IN INDONESIA -PAPER
- Malaysia's Landmarks Bhd (LMHS.KL), backed by Asia's largest gambling company, hopes to build Indonesia's first legalised casinos in $3.1 billion project to compete with Las Vegas Sands Corp in Singapore, the Business Times said on Thursday, quoting Chief Operating Officer Lim Boon Soon.
MALAYSIAN BUILDING SOCIETY IN DILIGENCE EXERCISE
- Malaysian Building Society (MBSS.KL) said on Wednesday a due diligence exercise was being held, following a newspaper report it was in talks over the potential entry of a new shareholder, a Middle Eastern consortium. The firm gave no further details in its statement to the stock exchange.
MALAYSIA UEM'S BRIDGE PROJECT TO BE FINISHED LATER
- The construction of a bridge linking Malaysia's northern island state of Penang with the peninsula has been extended for 9 months from April 13, construction firm UEM Builders UEMU.KL said on Wednesday.
MALAYSIA'S ISKANDAR PROJECT ATTRACTS $10.5 BLN
- Malaysia's plans to develop a special economic zone in the country's southern Johor state are on track with investment commitments of 33 billion ringgit ($10.5 billion) to date, officials said on Wednesday.
For details, please double-click on [ID:nSIN22191]
MALAYSIA'S WELLI-MULTI NOT QUERIED BY MARKET REGULATOR
- Malaysian commodities firm Welli-Multi WLLI.KL has not been queried by the country's markets regulator, the Securities Commission, the firm said in a statement to the stock exchange on Wednesday.
MALAYSIA'S SIME SAYS NO COST OVERRUNS IN QATAR PROJECT
- Malaysian conglomerate Sime Darby (SIME.KL) has not incurred cost overruns on its offshore construction project for Maersk Oil in Qatar, the firm said on Wednesday.
Malaysian newspaper reports that Sime Darby had incurred cost overruns ranging from 120 million ringgit to 150 million ringgit on the project were inaccurate, the firm said in a statement to the stock exchange.
MALAYSIA GROWTH MAY SLIDE IN H2 2008-THINK-TANK
- Malaysian economic growth could cool to 5.2 percent in the second half of 2008 from 5.6 percent in the first half as the U.S. economy slows, but the ringgit will continue to rally, a think-tank said on Wednesday.
For details, please double-click on [ID:nKLR19438] (Reporting by Jalil Hamid and Liau Y-Sing)
