Malaysian Stocks-Energy shares set to gain

KUALA LUMPUR, June 2 (Reuters) - Malaysian shares are
expected to be little changed on Monday, capped by a flat
finish on Wall Street and rising crude oil prices.

Plantation stocks such as KL Kepong (KLKK.KL) and oil and
gas counters such as SapuraCrest Petroleum (SCRS.KL) could gain
after crude CLN8 managed modest gains on Friday, the research
chief of a local bank said.

Stocks of firms with large projects in Vietnam such as
builder Gamuda (GAMU.KL) could come under further selling
pressure as soaring inflation dims the country's growth
outlook, the research chief added.

Gamuda's shares fell almost 18 percent to 2.45 ringgit on
Friday.

The Kuala Lumpur Composite Index .KLSE rose 1.1 percent
on Friday to 1,276.10 points, lifted by leisure firm Genting
Bhd (GENT.KL), which added 5.1 percent.

The June futures index KLIM8 put the index at 1,268.5
points.

Here are news stories and factors that may affect the
Malaysian stock market on Monday. -----------------------MARKET
SNAPSHOT @ 00:12 GMT--------------

INSTRUMENT LAST PCT CHG NET
CHG S&P 500 .SPX 1,400.38 0.15%
2.120 USD/JPY JPY= 105.45 0.15%
0.160 10-YR US TSY YLD US10YT=RR 4.058 --
-0.010 SPOT GOLD XAU= $887.95 0.23%

2.050 US CRUDE CLc1 $127.26 -0.07%

-0.090 DOW JONES .DJI 12638.32
-0.06% -7.90 ASIA ADRS .BKAS 163.98
1.16% 1.88
----------------------------------------------------------------
- > US Stocks-Tech jumps on Dell optimism; broader market
flat [.N] > Oil rises to over $127 on weaker dollar

[O/R] > FOREX-Dollar down vs euro, but on track for
monthly gain [USD/] > TREASURIES-Easing inflation fears fuel
bond gains [US/] > Gold ends up 1 pct as dollar dips,
oil gains [GOL/] > SE Asian Stocks-Thailand leads
week's losses [.SO] > Malaysia to decide on
foreigner fuel ban Tuesday [ID:nSP301304] > Malaysia plans
direct fuel subsidies for buyers [ID:nKLR54258] > Malaysia to
discuss fuel subsidies next week [ID:nKLR234887] > Malaysia
widens sharia-compliant stock list [ID:nKLR40647]

PERUSAHAAN SADUR TIMAH MALAYSIA MULLS PRICE HIKE-REPORT

- Tinplate maker Perusahaan Sadur Timah Malaysia (PSTM.KL)
may raise the price of prime tinplate for the third quarter of
2008 by more than 40 percent for Malaysia and Vietnam due to
higher costs, Business Times reported on Saturday citing a
company statement.

MALAYSIA AIRLINES RULES OUT JOB CUTS, HIGHER FARES FOR
NOW-REPORT

-Malaysian Airline System (MASM.KL) does not plan to cut
jobs or raise fares for now despite difficult operating
conditions due to record oil prices, Chief Executive Idris Jala
was quoted as saying in Saturday's Berita Harian newspaper.

GENTING TO SPEND $150 MLN ON INDONESIA GAS BLOCK-REPORT

- Leisure group Genting Bhd (GENT.KL) plans to spend at
laest $150 million for the first three years to develop its
recently acquired Kasuri gas block onshore West Papua,
Indonesia, Business Times reported on Monday quoting a company
spokesperson.
(Reporting by Liau Y-Sing; Editing by Anshuman Daga)