Asia Top News and Analysis Malaysia

More

  • SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • Singapore shares rose after a surprising expansion in factory activity in the United States, with traders buying small and mid-cap stocks such as Tiger Airways Holdings Ltd and firms with exposure to Myanmar. The Straits Times Index was up 0.5 percent at 3,072.96 points, while the MSCI index of Asia-Pacific shares outside Japan added 0.3 percent.

  • Shares in Susco Pcl gained as much as 10.7 percent to touch their highest since September 1994 on expectations the oil retailer would get a strong revenue boost from its recent acquisition of petrol stations of Malaysia's Petronas. Susco shares were up 9.1 percent at 2.64 baht, climbing at one point to 2.68 baht.

  • UOB Kay Hian raised its target price on Super Group Ltd. 11:38 STOCKS NEWS SINGAPORE- Singapore Q3 home prices rise on mass-market growth. Singapore's private home prices in the third quarter rose 0.5 percent from the previous quarter, data from the Urban Redevelopment Authority showed, making it the highest rate of increase so far this year.

  • KUALA LUMPUR, Oct 2- Malaysian privately-owned property developer Naza TTDI Sdn Bhd agreed on Tuesday with Australia's Lend Lease Corp to jointly develop a mixed-use property project with potential gross development value of 4 billion ringgit.

  • KUALA LUMPUR, Oct 2- Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. Date KL Premium/ Spot Bid Offer Final Volumes* Oct 2 21,860 53 15 35 385 Oct 1 21,600 41 18 28 175 Sept 28 21,500 121 15 21 685* Shipping to Europe. #E, J and M signify purchases by European, Japanese, and Malaysian buyers.

  • Property developers listed in Singapore have surged nearly 35 percent so far this year, compared to the benchmark Straits Times Index's 15.9 percent gain. The rate of increase is likely to continue into the fourth quarter and next year, helped by a prolonged low interest rate environment and low unemployment rate in Singapore, Knight Frank said.

  • Shares of Tiger Airways Holdings Ltd rose more than 3 percent after the budget carrier signed a partnership agreement with the low-cost unit of Singapore Airlines Ltd. "We view the news positively as this will increase traffic flow to Tiger Airways," said DMG& Partners Securities, which has a' neutral' rating and S $0.76 target price on the stock.

  • OCBC Investment Research raised its target price on Frasers Centrepoint Trust to S $1.97 from S $1.89 and kept its' buy' rating, on expectations of better portfolio occupancy and higher rents. At 0253 GMT, Frasers Centrepoint units were up 0.28 percent at S $1.82.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • STOCKS TO WATCH> The Indonesian Food and Beverage Association sees sales in 2013 will reach 760 trillion rupiah, up 6.5-7 percent from this year forecast of 710 trillion rupiah, said chairman Franky Sibarani.> Home appliance retailer PT Ace Hardware Tbk.

  • Kenanga Research started coverage of HELP International Corp Bhd with a' market perform' rating and a target price of 2.04 ringgit per share, underpinned by the education firm's rising student base and increasing home-grown programmes.

  • BANGKOK, Oct 2- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms. STOCKS TO WATCH-- SANSIRI PCL.

  • Affin Investment Bank upgraded Malaysia Marine and Heavy Engineering Holdings Bhd to' reduce' from' sell' and raised its target price to 4.60 ringgit per share from 4.02 ringgit, on optimism about the oil and gas service firm's future contract flow.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms STOCKS TO WATCH-- SINGAPORE AIRLINES LTD, TIGER AIRWAYS HOLDINGS LTD. -Singapore Airlines' budget unit, Scoot, and Tiger Airways have signed a partnership agreement and will offer some joint itineraries.

  • ----PREVIOUS ITEM: Govt still in talks to cut dependency on oil.

  • MELBOURNE, Oct 2- Australian shares opened 0.3 percent higher on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.