Bandar, Faber, Hong Leong, Media Prima: Malaysia Equity Preview
The following companies may have unusual price changes in Malaysia trading. Stock symbols are in parentheses, and share prices are from the most recent close. Malaysia’s FTSE Bursa Malaysia KLCI Index rose 0.1 percent to 1,503.54 on Nov. 16. The market was shut yesterday for a public holiday.
Bandar Raya Developments Bhd. (BRD MK): The property developer said it had a loss of 745,000 ringgit ($236,320) in the third quarter, compared with a profit of 40.9 million ringgit a year earlier as sales slid more than 52 percent. Bandar Raya dropped 1.2 percent to 2.51 ringgit.
Faber Group Bhd. (FAB MK): The hospital support services provider and property group said third-quarter profit rose 53 percent from a year earlier to 29 million ringgit ($9.2 million) after sales gained. Faber slid 1.1 percent to 2.75 ringgit.
Hong Leong Bank Bhd. (HLBK MK): The banking group said profit in the first quarter ended Sept. 30 rose 9.8 percent from a year earlier to 257.2 million ringgit as revenue advanced. Hong Leong slid 0.8 percent to 9.57 ringgit.
JobStreet Corp. (JOBS MK): The marketing services provider said third-quarter net income rose 27 percent from a year earlier to 9.65 million ringgit as sales advanced. JobStreet was unchanged at 2.90 ringgit.
Manulife Holdings Bhd. (MHBS MK): The insurer said third- quarter profit dropped 11 percent from a year earlier to 12.9 million ringgit because of higher claims from its life business, according to a company statement. Manulife was unchanged at 3.18 ringgit.
Media Prima Bhd. (MPR MK): The newspaper publisher and broadcaster said third-quarter profit surged fourfold from a year earlier to 71.9 million ringgit after revenue more than doubled. Media Prima added 1.4 percent to 2.22 ringgit.
Warisan TC Holdings Bhd. (WTCH MK): The heavy-equipment and cosmetics distributor said it agreed to buy a 30 percent stake in Mayflower American Express Travel Services Sdn. for 13 million ringgit. Mayflower will become a wholly-owned subsidiary of Warisan after the acquisition is completed, the company said in a statement. Warisan was unchanged at 2.45 ringgit.
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