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Asia Top News and Analysis Malaysia

  • 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.

  • Oct 9- China's economic growth is expected to weaken to 7.8 percent this year, the International Monetary Fund said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its "fiscal cliff".

  • KUALA LUMPUR, Oct 8- The National Bank of Abu Dhabi, the second-largest bank in the United Arab Emirates by assets, plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia.

  • SINGAPORE, Oct 8- Electronics and furniture retailer Courts Asia Ltd, which operates stores in Singapore and Malaysia, launched an initial public offering in Singapore to raise S $137 million mainly to fund its expansion in Indonesia.

  • KUALA LUMPUR, Oct 8- The FTSE Group and Bursa Malaysia Bhd launched an index to provide investors a benchmark for sharia-compliant investments in small-cap companies on the Malaysian stock market.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi launched its commercial banking operations in Malaysia on Monday, and will also debut in Shanghai this week as part of its expansion in Asia.

  • BANGKOK, Oct 8- Southeast Asian stocks mostly retreated on Monday amid concerns over the global economic outlook, with Indonesia coming off an intraday record on selling in recent gainers such as Astra International. property shares led Singapore lower.

  • KUALA LUMPUR, Oct 8- The National Bank of Abu Dhabi, the second-largest bank in the United Arab Emirates by assets, plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.

  • Foreign funds to Indonesia's stock market stood at $99 million in the week ended Oct. 5, a fifth straight week,. It reported $99 million inflows for the week ended Oct. 5, adding to a combined $985 million inflows of the previous four weeks, Thomson Reuters data showed. The Philippine Stock Exchange index closed at a record high of 5,443.74 on Oct. 4.