2012.05.28 04:21:12 USD/CHF intraday: the upside prevails.

0223 GMT [Dow Jones] Malaysia's exports are likely to grow 5% this year, slowing from an 8.7% expansion last year, says RHB Research. It notes the prolonged eurozone debt crisis and a slowing Chinese economy are likely to cloud shipment prospects from Malaysia. "For every 10% decline in exports to China, it could reduce Malaysia's real GDP by 1.2% due to rising linkages." The house says a soft landing in China could hurt exports of resource-based products such as palm oil more than shipments of machineries such as electronics and electrical items, which account for the bulk of Malaysian exports. Malaysia exported 21.2% of its total electronic goods to China and 11.2% to the U.S. last year, but the house expects the bulk of such products shipped to China are re-exported as finished goods to developed markets, which suggest the health of western economies have a greater influence on Malaysia's mainstay export prospects. It notes a slowly expanding U.S. economy promises higher consumer spending which could trigger a pick-up in Malaysian exports of electrical and electronics products in 2H12. (abhrajit.gangopadhyay@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 27, 2012 22:23 ET (02:23 GMT)