Ticker	Volume	Price	Price Delta
DJIA	12,580.70	+125.86	1.01%
S&P 500	1,332.42	+14.60	1.11%
Nasdaq	2,870.99	+33.46	1.18%

Ticker	Volume	Price	Price Delta
STOXX 50	2,160.31	+12.39	0.58%
FTSE 100	5,391.14	+34.80	0.65%
DAX	6,396.84	+73.65	1.16%

Ticker	Volume	Price	Price Delta
Nikkei	8,657.08	+63.93	0.74%
TOPIX	727.03	+5.92	0.82%
Hang Seng	19,055.50	+254.47	1.35%

MALAYSIA DAYBOOK: MMHE, Hap Seng, HeveaBoard, Coastal Contracts

By Barry Porter - 2011-05-08T21:50:06Z

Malaysia Marine & Heavy Engineering Holdings Bhd., the rig-building arm of MISC Bhd., said fourth- quarter net income rose 12 percent to 128.6 million ringgit from 115.2 million ringgit a year earlier.

This was due to improved performance in its engineering and construction division, the company said in an exchange.

WHAT TO WATCH: * RAM Rating Services Bhd. briefing after annual meeting at 11 a.m. * Aliran Ihsan Resources Bhd. (AIRB MK) said it’s exploring business opportunities outside of Johor state, including water, waste water and related construction works. * HeveaBoard Bhd. (HAVE MK) said Dongwha Malaysia Holdings Bhd. scrapped plans to buy its particleboard manufacturing plant assets after failing to agree terms on the 360 million-ringgit sale. * Coastal Contracts Bhd. (COCO MK) proposed a one-for-three bonus share issue and one-for-eight issue of free warrants. It also proposed buying back up to 10 percent of its issued paid-up share capital. * Hap Seng Consolidated Bhd. (HAP MK) 1Q profit doubled to 82.2 million ringgit on higher sales. * Hap Seng Plantations Holdings Bhd. (HAPL MK) said 1Q profit climbed 58 percent to 57.8 million ringgit as sales increased.

MARKETS on MAY 6: * Malaysia’s FTSE Bursa Malaysia KLCI Index fell 0.4 percent. * The MSCI Asia Pacific Index dropped 0.9 percent. * The Dow Jones Industrial Average gained 0.4 percent. * Palm oil July-delivery futures fell 1.1 percent to 3,195 ringgit a metric ton.

BTV (KL times): * 7:10 a.m. Dominic Schnider, UBS Global Head of Commodity Research. * 7:40 a.m. Tham Mun Hon, Daiwa Regional Strategist. * 8:10a.m. Steve Davies, Javelin Wealth. * 9:10 a.m. Mark Michelson, APCO Worldwide. * 9:30 a.m. Benjamin Westmore, NAB Minerals and Energy Economist. * 10:20 a.m. Vikas Kawatra, Kim Eng Securities Head, Institutional Banking. * 10:30 a.m. Eugene Tan, SMU Asst. Professor. * 10:40 a.m. Kathy Lien, Global Forex Trading Director of Currency Research.

To contact the editor responsible for this story: Barry Porter in Kuala Lumpur at bporter10@bloomberg.net