Malaysian Stocks - Factors to watch

KUALA LUMPUR, Sept 5 (Reuters) - Here are news stories and
factors that may affect the Malaysian stock market on Friday.
------------------MARKET SNAPSHOT @ 23:25 GMT -----------------

INSTRUMENT LAST PCT CHG NET CHG

S&P 500 .SPX 1,236.83 -2.99% -38.150

USD/JPY JPY= 106.54 -0.03% -0.030

10-YR US TSY YLD US10YT=RR 3.625 -- 0.000

SPOT GOLD XAU= $792.50 -0.26% -2.050

US CRUDE CLc1 $107.52 -0.34% -0.370

DOW JONES .DJI 11188.23 -2.99% -344.65

ASIA ADRS .BKAS 128.16 -3.45% -4.58
------------------------------------------------------------

MALAYSIA'S TA TO FLOAT PROPERTY UNIT

-- Malaysian stockbroking firm TA Enterprise (TAES.KL)
plans to float its property division currently held by its
wholly-owned subsidiary TA Properties Sdn Bhd, the company said
in a statement on Thursday.

The company said a new company, TA Global Bhd, has been
created to facilitate the listing. TA expects to raise about
437.5 million ringgit from the proposed offer for sale of
shares in TA Global, the company said.

THREE CABLE FIRMS BID FOR TELEKOM MALAYSIA JOB-PAPER

-- Three Malaysian fibre-optic cable companies have
submitted bids to supply the cables for a Telekom Malaysia
(TLMM.KL) project to develop the country's high-speed broadband
network, The Edge Financial Daily reported on Friday, citing
unidentified sources.

The companies are Lite Kabel Sdn Bhd, Fujikura Federal
Cables Sdn Bhd and Opcom Holdings Bhd (OPCM.KL), the Malaysian
newspaper said.

Telekom Malaysia announced earlier this week that it had
been formally awarded the 11 billion ringgit ($3.30 billion)
government project. > Palm edges up on crude oil, players eye
data [ID:nJAK172020] > OCBC M'sia expects 20 pct Islamic
banking growth[ID:nSIN183787] > Malaysia's July exports surge
on palm oil [ID:nKLR152996] > TABLE-Reuters H1 2008
Islamic bond league [ID:nKLR79572] > TABLE-Reuters Q2
2008 Islamic bond league [ID:nKLR324118] > IJM may buy out
ICP minorities - report [ID:nKLR300961] > Konsortium
closes on 1.4 bln rgt M'sia road deal[ID:nKLR271432] > SEA
Stocks-Singapore hits 22-month low on growth fears [.SO] > US
STOCKS-Global growth, U.S. job fears hammer Wall Street [.N] >
Oil falls on soft U.S. fuel demand, shrugs Gustav [O/R]
> FOREX-Yen surges in early Asia, euro tumbles
[USD/] > Bonds rally as jobs worries stoke safety bids
[US/] > Gold slips back below $800/oz on dollar, oil
[GOL/]
($1=3.425 Malaysian Ringgit)
(Reporting by Niluksi Koswanage and Soo Ai Peng; Editing by
Louise Heavens)