Money News Asia

Mayban Securities has downgraded Malaysian road toll operator, Plus Expressway, to Sell from Hold due to higher fuel prices impacting on traffic volume as well as its debt restructuring delay.

KGI Securities has retained its Neutral stance on China's coal sector with the expectation prices will hover around high levels in 2006.

The imminent oversupply of over 2 million cars a year in China can be corrected given a new policy favouring energy-saving cars and the proposed lift on a ban on small vehicles in downtown areas, said KGI Securities.