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Asia Top News and Analysis Malaysia

  • KUALA LUMPUR, Oct 4- Astro Malaysia Holdings Bhd, the country's largest pay-TV firm, has priced its initial public offering at the top of its indicative range, one source with knowledge of the deal said, to raise about $1.5 billion in Malaysia's third-largest IPO this year.

  • --U.S.-based offshore drilling company Vantage Drilling Co.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services revised its outlook on Houston- based offshore drilling company Vantage Drilling Co. to stable from positive.

  • Oct 03-=============================================================================== Summary analysis-- Telekom Malaysia Bhd.------------------------- 03- Oct-2012=============================================================================== CREDIT RATING: A-/Stable/-- Country: Malaysia Primary SIC: Communications services, nec Mult. The rating on Malaysia- based telecom operator Telekom Malaysia Bhd. (TM) reflects the company's dominant position in the domestic fixed-line, data, and broadband markets, and its stable cash flows.

  • SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • BANGKOK, Oct 3- Stocks in Singapore, Malaysia and Indonesia edged slightly lower in light to moderate volume on Wednesday as commodities and energy shares such as Golden Agri-Resources. Singapore- listed commodities firm Golden Agri-Resources fell 3.1 percent, dragging down the benchmark Straits Times Index. After a choppy session, Bangkok's SET index.

  • Oct 3- Malaysia's exports probably fell further in August, hit by weaker demand in China for its electronic products and lower commodity prices, economists polled by Reuters said, leaving the country more dependent on domestic demand to support growth.

  • Oct 3- As inflation has been under control, central banks across Southeast Asia are likely to continue supporting economic growth in the face of increased global risks from the euro debt crisis and signs of slowing in the United States and China. Asia inflation graphic: Asia inflation stories Asian central banks.

  • Demand for office space in Singapore in the third quarter of 2012 was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International.

  • MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.

  • MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.

  • Commodity trader Noble Group also dropped 2.3 percent to S $1.29 and Olam lost 1.5 percent at S $2.01, as data showed China's economy is likely to head for a seventh straight quarter of slowdown. 11:52 STOCKS NEWS SINGAPORE- DBS upgrades Singapore Exchange to' hold'.

  • MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its other export-dependent economies.

  • DBS Vickers upgraded Singapore Exchange Ltd to' hold' from' fully valued' and raised its target price to S $7.25 from S $5.40, citing a gradual pick-up in the bourse's volumes and values. 10:50 STOCKS NEWS SINGAPORE- Japan, China dispute to hurt SATS profits- UOB.

  • Oct 3- Malaysia's Mass Rapid Transit rail project, which aims to ease congestion in Kuala Lumpur, has awarded construction contracts worth 732.2 million ringgit to three local firms.

  • Shares of Naim Holdings Bhd rose as much as 2.21 percent after the Borneo- based construction firm said it aimed to move into the real estate investment trust business.

  • Airline services company SATS Ltd will be hurt by flight cancellations on China- Japan routes, which the market has not factored in yet, UOB Kay Hian said, and lowered its target price on the stock to S $2.40 from S $2.42. 10:09 STOCKS NEWS SINGAPORE- Maybank starts Yeo Hiap Seng at' buy'. Maybank Kim Eng initiated coverage of Yeo Hiap Seng Ltd.

  • Hong Leong Investment Bank Research has lowered its target price for plantation firm Kuala Lumpur Kepong Bhd to 23.39 ringgit from 23.60 ringgit to reflect lower forecasts for the company's earnings. KLK's existing refineries were affected by the revision of export tariffs in Indonesia and the weak global economic outlook, Hong Leong added.

  • Maybank Kim Eng initiated coverage of Yeo Hiap Seng Ltd.

  • MELBOURNE, Oct 3- Australian shares hit a 14 month-high on Wednesday as banks and broader stocks surged after the central bank cut interest rates and the local dollar weakened, enhancing export earnings. Top banks were all higher, led by National Australia Bank. "People are rethinking everything," said Macquarie Equities division director Lucinda Chan.

  • RHB Research initiated coverage of IHH Healthcare Bhd. with' outperform' rating and fair value of 3.53 ringgit per share, citing strong earnings growth prospects for the world's second largest private healthcare service provider through 2014..