Thursday, November 8, 2012

MALAYSIA DAYBOOK: Rate Decision, Factory Output, Gas

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MALAYSIA DAYBOOK: Rate Decision, Factory Output, Gas Malaysia
2012-11-07 20:42:41.112 GMT


By Ranjeetha Pakiam
Nov. 8 (Bloomberg) -- Malaysia's central bank is expected
to hold its benchmark overnight policy rate at 3 percent when
policymakers meet for the last time this year, according to all
17 economists surveyed by Bloomberg News. Bank Negara Malaysia
is scheduled to release the monetary policy statement at 6 p.m.
Malaysian industrial production likely gained 0.6 percent
in September from a 0.7 percent decline a month earlier,
according to the median estimate of 16 economists surveyed by
Bloomberg News. The government is expected to release factory
output data at 12:01 p.m.

EQUITY MOVERS:
* CI Holdings (CIH MK): Co. posts 1Q net loss of 299,000
ringgit vs 7.34m ringgit profit yr earlier
* Gas Malaysia (GMB MK): 3Q profit gains to 42m ringgit vs
30.5m ringgit yr earlier
* Ireka Corp. (IREKA MK): Co. wins 69.1m ringgit contract from
MTD Construction
* KKB Engineering (KKB MK): 3Q net income drops to 1.76m
ringgit vs 8.52m ringgit yr earlier
* PJBumi (PJSB MK): Co. gets govt nod to sell 15.8% of Alam
Flora for 20.4m ringgit
* Sarawak Cable (SRCB MK): Co. fixes placement shares at 1.52
ringgit/shr
* Shell Refining Co. (Federation of Malaya): Co. posts 3Q net
income of 53.9m ringgit vs net loss of 68.4m ringgit yr
earlier

WHAT TO WATCH:
* Malaysian court delivers ruling on judicial review of govt
approvals for Lynas rare earths project *Association of Asia
Pacific Airlines 56th Assembly of Presidents starts in Kuala
Lumpur
* Iskandar Investment and Distinctive Group sign lease
purchase agreement at 10 a.m. in Kuala Lumpur

MARKETS:
* FTSE Bursa Malaysia KLCI Index closed little changed
* The MSCI Asia Pacific Index rose 0.8%
* The Dow Jones Industrial Average fell 1.9% as of 3:35 p.m.
in New York
* Palm oil Jan-delivery futures advanced 1.1%

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