Malaysia Hot Stocks - Factors to watch

KUALA LUMPUR, April 7 (Reuters) - Here are news stories that may affect the Malaysian stock market on Monday.

SAMSUNG IN TALKS FOR $1.1 BLN PLANT IN PENANG -PAPER

- South Korean technology giant Samsng Electronics Co Ltd may invest 3.5 billion ringgit ($1.1 billion) in a memory chip plant in Malaysia's northern island of Penang, the New Straits Times reported on Monday, quoting sources close to the discussions.

FOREIGN INVESTORS KEEN ON AMASSURANCE STAKE -PAPER

- Malaysia's fifth largest banking group, AMMB Holdings (AMMB.KL), is in talks with foreign firms keen on a strategic stake in its AmAssurance life insurance arm, the Malaysian Reserve newspaper reported on Monday.

Existing foreign shareholder Insurance Australia Group (IAG.AX) wants to cut its 30 percent stake in the company and instead raise its holding in the group's general insurance subsidiary, AmG Insurance Bhd, the paper quoted Amarjeet Kaur, AMMB's group corporate services director, as saying.

MALAYSIA TO REVISE FUEL PRICING TO TARGET SUBSIDIES -PAPER

- Malaysia is considering a proposal to introduce two new varieties of petrol in an effort to target fuel subsidies at low and middle-class earners, the Straits Times reported on Sunday. Fuel subsidies would be mainly used to keep down the price of Octane 95, which can be used in most vehicles, while the more expensive Octane 99 would be aimed at owners of luxury cars, it quoted Domestic Trade and Consumer Affairs Minister Shahrir Samad as saying, but gave no details when the scheme will be launched.

MALAYSIAN MAYBANK EYES PAKISTAN BANK STAKE -PAPER

- Malaysia's largest lender, Malayan Banking (Maybank) (MBBM.KL), is exploring the possibility of buying a strategic stake in Pakistan's MCB Bank (MCB.KA), a Malaysian newspaper reported on Saturday.

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MAYBAN FORTIS TO BUY PT ANUGRAH LIFE INSURANCE

- Mayban Fortis, the insurance and takaful holding company of top lender Malayan Banking Bhd (MBBM.KL), will be the legal entity to pursue the planned purchase of PT Anugrah Life Insurance, Maybank said on Friday.

This is to comply with Indonesian law that requires a foreign holding company to maintain a majority of its portfolio in insurance business should it wish to become a shareholder of an Indonesian firm, Maybank said.

MALAYSIAN FEB FACTORY OUTPUT GROWTH AT 3-YEAR HIGH-POLL

- Malaysian industrial output in February probably logged its highest annual growth rate in over three years thanks to good demand for exports and a robust resources sector, with domestic consumption also on the rise.