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STOCKS NEWS MALAYSIA-Kenanga starts HELP with 'market perform'

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.

The research house believes that HELP's near-term catalysts have been priced in already, following the firm's hefty year-to-date total return of 27.5 percent compared with 9.3 percent in the broader index .

"Nevertheless, should the group opt for the sale and leaseback financing option for its new 'Subang 2' campus project, which would imply a potential special reward to shareholders in our view, this may provide a fresh re-rating catalyst for the stock," Kenanga said in a note on Tuesday.

The counter remained unchanged at 1.99 ringgit per share, underperforming the benchmark stock index's 0.40 percent rise.

1007 (0207 GMT) (Reporting by Yantoultra Ngui in Kuala Lumpur; yantoultra.ngui@thomsonreuters.com) Editing by Jijo Jacob

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STOCKS NEWS MALAYSIA-Affin upgrades Malaysia Marine to 'reduce'

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.

"Taken together the 13 percent fall in share price year to date, we think that further downside is limited," the research house said in a note on Tuesday.

Affin raised Malaysia Marine's FY2012-FY2013 contract win assumptions to 3-4 billion ringgit ($980.23 million-$1.31 billion) from 2-3 billion ringgit previously. The brokerage also lifted its FY2013-FY2014 earnings per share forecast by 13-14 percent.

The counter rose 0.62 percent to 4.83 ringgit per share, outperforming the broader index's 0.4 percent rise.

0940 (0140 GMT) (Reporting by Yantoultra Ngui in Kuala Lumpur; yantoultra.ngui@thomsonreuters.com) ($1 = 3.0605 Malaysian ringgits)

Keywords: MARKETS MALAYSIA STOCKSNEWS/HELP