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Asia Top News and Analysis Malaysia

  • Kenanga Research raised its target price on KLCC Property Holdings Bhd to 6.87 ringgit from 6.00 ringgit on the potential listing of the property company's real estate investment trust. Maintaining its' outperform' call on the counter, Kenanga said the higher target price assumed that all of KLCC Property's investment properties will be REIT-ed.

  • SYDNEY, Oct 5- The Manila- based Asian Development Bank has signed an agreement with the Islamic Financial Services Board to help member countries adopt the IFSB's prudential standards. In contrast, only seven IFSB members come from Indonesia, Pakistan and Bangladesh, the world's three most populous Muslim-majority countries.

  • *Exports to China down 10.6 pct on yr; up 15.4 pct to Japan. KUALA LUMPUR, Oct 5- Malaysia's August 2012 trade data released by the Trade Ministry on Friday:. *Reuters poll: Malaysia's August exports seen lower for second month.

  • SYDNEY, Oct 5- Australian shares gained 0.7 percent to a 14- month high on Friday, with mining stocks rising and the market supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.

  • JAKARTA, Oct 5- Following is some company-related and market news that could have an impact on the local market on Friday. SE Asia Stocks-Philippine, Malaysia, Indonesia at all-time high.

  • BANGKOK, Oct 5- Following is some company-related and market news which could have an impact on the local market on Friday. SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high.

  • ----PREVIOUS ITEMS: UEM to dispose of vehicle recycling firm-Bus iness Times----.

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

  • SYDNEY, Oct 5- Australian shares rose 0.5 percent to 14- month highs early on Friday, with mining stocks rising as the market was supported by a fourth day of gains on Wall Street ahead of the U.S. payrolls report later in the day. New Zealand's benchmark NZX 50 index.

  • 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. SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high. *Malaysia cabinet meets and is likely to decide on a proposal to cut crude palm oil export taxes to boost shipments.

  • -Philippine Mining Luncheon with Philex Mining Corp SVP Michael Toledo as guest speaker, Manila Polo Club Ballroom, Makati City, 11:30 a.m.. -Philcomsat Holdings Corp holds annual stockholders' meeting, Dasmarinas Room, Makati Sports Club, L.P. Leviste Street, Salcedo Village, Makati City, 3:00 p.m..

  • SE ASIA STOCKS-Philippine, Malaysia, Indonesia at all-time high. -Global Logistic Properties, which own warehouses in China and Japan, said on Thursday it leased 39,000 square metres to wholesale firm Arata Corp. in Japan.-- SEMBCORP MARINE LTD.

  • SYDNEY, Oct 5- Australian shares are set to rise after a fourth day of gains on Wall Street, as investors await the release of the closely watched U.S. payrolls report later on Friday.

  • MUMBAI, Oct 4- U.S. private-equity firm Carlyle Group is selling its 3.7 percent stake in India's top mortgage lender Housing Development Finance Corp Ltd in a deal to raise as much as $861 million, according to a term sheet seen by Reuters on Thursday.

  • *HSBC to focus Islamic business on Malaysia, Saudi Arabia and Indonesia. *Some job cuts at Amanah unit, rest to be merged into HSBC By David French. DUBAI, Oct 4- HSBC Holdings is to significantly scale back its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.

  • DUBAI, Oct 4- HSBC Holdings is to significantly scale back the presence of its global Islamic banking operations, it said on Thursday, as part of a wider restructuring at the U.K.- based bank.

  • BANGKOK, Oct 4- Most Southeast Asian stock markets gained on Thursday, with the Philippine main index posting its second straight record closing high in strong volumes as optimism about domestic growth boosted consumer-related stocks such as SM Investments Corp.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining, as investors eyed further interest rate cuts in the wake of soft retail sales data. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.

  • KUALA LUMPUR, Oct 4- A Malaysian court kept on hold the licence granted to Lynas Corp Ltd's controversial rare earth plant by delaying until Oct. 10 a decision on whether it will consider judicial reviews to permanently block production.

  • SYDNEY, Oct 4- Australian shares extended their gains by 0.3 percent on Thursday, hitting a 14- month high after banks offset losses in mining. Top banks continued this week's post rate-cut gains, led by Westpac Banking Corp.