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Asia Top News and Analysis Malaysia

  • 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.

  • -Citigroup holds roundtable discussion on the impact of the QE3 on Asian policy makers, with Citi Asia Pacific Chief Economist Johanna Chua, Makati Shangri-La Hotel, 10:00 a.m.. STOCKS TO WATCH- JG SUMMIT HOLDINGS.

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

  • SYDNEY, Oct 2- Australian shares are set to open higher on Tuesday, with resources stocks likely to underpin gains after data showed a surprising expansion in U.S. manufacturing in September.

  • *Kuwait needs to focus on investment. KUWAIT, Oct 1- Kuwait's government should take all necessary measures to cut spending and focus on investing in projects that will benefit the major oil producer's economy in the long-term, Central Bank Governor Mohammad al-Hashel said on Monday.

  • Oct 1- Bombardier Inc, the world's largest train maker, said it won two contracts totaling about 121 million euros for rail networks in Germany and Malaysia. Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG, the German national railway company, for about 50 million euros.

  • Mumtalakat is wholly-owned by the Government of Bahrain and was created to act as an independent holding company for the Government of Bahrain's stakes in strategic non-oil and gas assets of the Kingdom of Bahrain.

  • MILAN, Oct 1- Who knows what Cosimo Ruggieri would have thought about ending up in a gelato museum? Alchemist at the court of the Medici, Ruggieri, the story goes, created the ice-cream that Catherine De Medici took to Paris in the 1530 s to wow the French.