Stocks to watch: Maybank, Carlsberg,YNH, LCL (ext: Edge)

 At the Bursa Malaysia, banking stocks will likely continue to attract investor interest, riding on a Credit Suisse report which said analysts upped estimates for Malaysian banks’ earnings by 11% this year and 16% in 2010 over the last six months.
 
Maybank announced the appointment of Tan Sri Megat Zaharuddin Megat Mohd Nor, who resigned as an independent, non-executive director from its board in February this year, as its new chairman effective Oct 1.
 
CARLSBERG BREWERY MALAYSIA BHD [ ] entered into a share purchase agreement for the proposed acquisition of the entire 100% stake in Carlsberg Singapore Pte Ltd, representing 100% equity interest in CSPL for a cash consideration of RM370 million.

In YNH Property, Aberdeen Asset Management Asia Limited raised its stake to 27.769 million shares or 7.32% after acquiring 895,789 shares on Aug 27.

As for interior outfit LCL Corp, a director Mohd Akib Abd Rashid sold 1.66 million shares from Sept 3 to 7 at 73 sen to 76 sen each, reducing his stake to two million shares or 1.4%.

Shares of PROTON HOLDINGS BHD [ ], which has had an impressive run this week, will likely continue to chalk up gains as automotive analysts predict higher sales during the festive season.

KUMPULAN JETSON BHD [ ], which rose 4.7% to its highest level yesterday since March 9, might still pique investor interest after the revised takeover offer by the two brothers from the Naza Group.
 
LII HEN INDUSTRIES BHD [ ] (LHIB) 80%-owned  PPL Plantations Sdn Bhd (PPLP) has entered into a sub-development agreement with PIJ Holdings Sdn Bhd (PIJH) to develop a piece of land in Mersing. LHIB said the 8,581-acre land would be for rubber plantation.