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Asia Top News and Analysis Malaysia

  • BANGKOK, Oct 9- Stocks in Singapore, Thailand and the Philippines edged lower on Tuesday amid broad-based sell-off in regional large caps such as Metropolitan Bank& Trust Co. and Siam Cement Pcl as concerns about global growth dented investor sentiment. Late selling erased most of morning gains in Malaysia.

  • was awarded on Tuesday a 3 billion ringgit contract by Malaysia's Energy Commission to build, own and operate a power plant in the northern state of Penang.

  • Oct 9- Malaysia's factory output probably fell for the first time in 13 months in August because of weak demand for its top exports of commodities and electronics, analysts polled by Reuters said, warning that the global trade slowdown could get worse.

  • SINGAPORE, October 09 Fitch Ratings has affirmed Telekom Malaysia Berhad's (TM) Long-Term Issuer Default Rating and senior unsecured rating at' A-', respectively. As the country's leading fixed-line and broadband company, TM continues to be strategically important to Malaysia.

  • Faber Group looks the most attractive on valuations among eight stocks in Malaysia's healthcare sector tracked by at least three analysts, data from Thomson Reuters StarMine shows.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • SYDNEY, Oct 9- Two scions of Malaysia's Genting gaming empire inked a deal on Tuesday to gain control of listed Australian wagering group Two Way Ltd as they seek to build their own casino and leisure business in southeast Asia.

  • KUALA LUMPUR, Oct 9- Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. Date KL Premium/ Spot Bid Offer Final Volumes* Oct 9 22,400 15 20 20 690 Oct 8 22,400 26 80 26 365 Oct 5 22,500 110 21 58 385 Oct 4 22,300 70 20 30 540 Oct 3 22,100 106 25 50 200 Oct 2 21,860 53 15 35 385 Oct 1 21,600 41 18 28 175.

  • 10:04 STOCKS NEWS MALAYSIA- Kenanga cuts Malaysia's REITs to' neutral'. Kenanga Research downgraded Malaysia's real estate investment trusts to' neutral' from' overweight' as it believes there is limited room for further yield compressions.

  • Kenanga Research downgraded Malaysia's real estate investment trusts to' neutral' from' overweight' as it believes there is limited room for further yield compressions.

  • KUALA LUMPUR, Oct 9- Shares in Malaysian rubber glove maker Latexx Partners surged 27.4 percent on Tuesday after Austrian firm Semperit AG Holdings made a 603 million ringgit takeover offer in cash. It involves Semperit proposing to pay 2.30 ringgit per Latexx share and 1.77 ringgit per warrant.

  • Austria- based rubber and plastic products maker Semperit AG Holding wants to buy out Latexx Partners Bhd at 2.30 ringgit per share, in a deal that will propel the former into the world's second largest glove manufacturer. The offer price is a 28.5 percent premium to Latexx's last traded price of 1.79 ringgit before trading was suspended on Monday morning.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday on a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • NOTE: Reuters has not verified this story and does not vouch for its accuracy.

  • 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.

  • MELBOURNE, Oct 9- Australian shares eked out a 0.1 percent gain early on Tuesday, with support from higher iron ore prices countered by concerns about the global growth outlook after the IMF cut its economic forecasts for the second time since April.

  • CANBERRA, Oct 9- Australian shares are likely to lack strong direction early on Tuesday, with support from higher iron ore prices and an improvement in China's services sector countered by losses in copper prices and concerns about the global growth outlook.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.