Malaysia Hot Stocks - Factors to watch
KUALA LUMPUR, April 10 (Reuters) - Here are news stories that may affect the Malaysian stock market on Thursday.
MALAYSIA'S COASTAL CONTRACTS GETS 500M RGT DEALS -PAPER
- Malaysian shipbuilder Coastal Contracts Bhd (CTAL.KL) is expected to soon announce a string of shipbuilding deals worth more than 500 million ringgit, boosting its orderbook to 1.5 billion ringgit, the Star newspaper reported on Thursday, quoting an unidentified company official.
MALAYSIA'S NAVIS PLANS NEW $2 BLN FUND
- Navis Capital Partners, a Malaysian-based private equity firm, plans to launch a new $2 billion fund this year that will invest in small and medium-sized companies in South and Southeast Asia, its co-founder Nick Bloy said on Wednesday.
For full details, please double-click on [ID:SIN21226]
ASIAN INVESTMENT UPTURN TO CUSHION GLOBAL SLOWDOWN
- Asia's long depressed investment has come to life in step with reviving private consumption and the region's governments are set to keep the momentum by boosting spending to cope with a global slowdown.
For full details, please double-click on [ID:nSP56956]
DUBAI GROUP INVESTS $49.5 MLN IN MALAYSIAN PLANT
- Dubai Group, owned by the emirate, said it had paid $49.5 million for a 30 percent stake in Malaysian biodiesel firm GBD Investment Ltd, as it seeks to tap booming global demand for alternative fuels.
For full details, please double-click on [ID:nKLR17102]
LITRAK PLANS 462 MLN RGT REPAYMENT
- Malaysian toll road operator, Lingkaran Trans Kota Holdings Bhd (Litrak), has proposed a capital repayment of 462 million ringgit ($145.4 million), the firm said on Wednesday. Litrak (LTKH.KL), which is controlled by Malaysian builder Gamuda Berhad (GAMU.KL), will return 0.93 ringgit for every share held.
MALAYSIAN REGULATOR SUES 10 IN IRIS SHARE FRAUD
- Malaysia's market regulator has filed a landmark civil lawsuit against eight foreign parties and two Malaysians over alleged manipulation, rigging and fraud of Iris Corp (IRIB.KL) shares, the regulator said on Wednesday.
For full details, please double-click on [ID:nKLR155517]
MALAYSIAN PALM OIL LOSES 1.5 PCT ON EXPORT FEARS
- Malaysian crude palm oil futures ended 1.5 percent lower on Wednesday due fears of a slowdown in demand in April while investors squared positions ahead of a U.S. report on soy closing stocks, dealers said.
For full details, please double-click on [ID:nKLR41577]
MNRB HOLDINGS BUYING INTO BRITISH ISLAMIC INSURANCE
- Malaysian reinsurer MNRB Holdings (MNRB.KL) said it has agreed to buy a stake of up to 10 percent in unlisted British Islamic Insurance Holdings Ltd for 8.9 million sterling, or 57.8 million ringgit.
(Reporting by Jalil Hamid and Clarence Fernandez)
