BANGKOK, May 7- Following is some company-related and market news that could affect the local market. SE ASIA STOCKS-Mostly up; Malaysia at record high after election. >Political risk box on Thailand.
JAKARTA, May 7- Following is some company-related and market news that could have an impact on the local market. ,an Indonesian car rental provider, booked a net profit of 22.3 billion rupiah in the first quarter, up 355 percent from 4.7 billion rupiah a year earlier, driven by revenues that grew 49 percent to 239.4 billion rupiah.
MIDF Research has raised its target price for oil and gas service provider Dayang Enterprise Holdings Bhd to 4.41 ringgit from 3.95 ringgit after the company secured a 313.6 million ringgit contract from Murphy Sarawak.
SE ASIA STOCKS-Mostly up; Malaysia at record high after election STOCKS TO WATCH-- DYNAMIC COLOURS LTD, INTRACO LTD- Intraco Ltd. ,a trading company that owns 39.48 percent of Dynamic Colours, has made a mandatory conditional cash offer for all of DCL's issued ordinary shares at S $0.185 per share.
SYDNEY, May 7- Australian shares slipped 0.1 percent on Tuesday as investors remained cautious ahead of a central bank rate meeting later in the day and as financials dragged on the market, but strength in metals prices helped limit losses.
Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:. *Telekom Malaysia Bhd holds AGM at TM Convention Centre, Menara TM, Jalan Pantai Baru, Kuala Lumpur at 1000 am.
SYDNEY, May 7- Australian shares are set to open firmer on Tuesday after Wall Street closed at another record high and metals prices gained, although investors may be cautious ahead of a central bank rate setting meeting.
*Rate-setting scandals in US, London triggered review in Singapore. SINGAPORE, May 7- Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.
*Rate-setting scandals in US, London triggered review in Singapore. SINGAPORE, May 7- Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.
Southeast Asia's third largest economy saw a $471.59 million foreign inflow into the stock market on Monday. Malaysia's second-largest lender by assets, CIMB Group Holdings Bhd. Its chief executive, Nazir Razak, is the brother of Prime Minister Najib Razak.
KUALA LUMPUR, May 6- Companies connected to tycoon Syed Mokthar Al-Bukhary, Malaysia's seventh-richest man, rose sharply on Monday after the ruling coalition was re-elected, albeit with a reduced majority.
May 6- Three months ending March 31, 2013. NOTE: Petron Corp, the Philippines' biggest oil refiner and retailer, is owned by the country's most diversified conglomerate San Miguel Corp. It has 550 service stations in Malaysia.
SYDNEY, May 6- Australian shares rose 0.5 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report, but weak Chinese data and caution ahead of the central bank's board meeting capped gains. Mirabela Nickel climbed 50 percent to A $0.165 reversing a near-uninterrupted decline since early February.
SYDNEY, May 6- Australian shares rose 0.5 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report, but weak Chinese data and caution ahead of the Australian central bank's board meeting capped gains.
KUALA LUMPUR/ SINGAPORE, May 6- Malaysian stocks surged nearly 8 percent to a record high and the local currency jumped to its strongest in 20 months on Monday after the Barisan National coalition extended its 56- year rule and fended off a strong opposition challenge that had unnerved investors.
Bridget Welsh, Associate Professor, Political Science at Singapore Management University (SMU) says Barisan Nasional won only by a razor thin majority in a significant number of states. She says issues of recounting, spoiled votes and a sudden surge of new voters raises questions on how the Malaysian Electoral Commission has handled the voting process.
*Crude futures rallied in Asia early on Monday due to geopolitical tensions in the oil-producing Middle East after Israel carried out a second air strike in Syria. *India cbank officials to hold post-policy teleconference with researchers/analysts at 0900 GMT.
SYDNEY, May 6- Australian shares rallied 1.1 percent on Monday, buoyed by Wall Street's record highs after a surprisingly robust U.S. jobs report and as metal prices firmed, though weaker-than-expected retail sales figures trimmed gains. Global miners BHP Billiton Ltd. jumped 2.9 percent while rival Rio Tinto Ltd.