AirAsia, DBE Gurney, OSK Holdings, Pos: Malaysia Equity Preview
Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
The FTSE Bursa Malaysia KLCI Index fell 0.6 percent to 1,494.52. The stock market will be shut tomorrow for a public holiday.
AirAsia Bhd. (AIRA MK): Southeast Asia’s biggest budget carrier said it agreed to defer deliveries of 10 Airbus A320 aircraft to 2015 from 2012. The airline won’t incur penalties for the revised delivery schedule, it said in a statement. AirAsia fell 0.4 percent to 2.69 ringgit.
DBE Gurney Resources Bhd. (DBE MK) The poultry company said its loss in the fourth quarter widened to 4.29 million ringgit ($1.4 million) from 2.65 million ringgit a year earlier as sales declined, according to a stock exchange filing. DBE fell 2.4 percent to 20 sen.
OSK Holdings Bhd. (OSK MK): The Malaysian stockbroker said its DMG & Partners Securities Pte. unit signed a preliminary agreement on strategic cooperation with Sacombank Securities Co. in Vietnam. OSK added 0.6 percent to 1.78 ringgit.
Pos Malaysia Bhd. (POSM MK): A group led by billionaire Syed Mokhtar Al-Bukhary is the favorite to buy a 32.2 percent stake in the national postal company, the Edge reported, without saying where it got the information. The other groups bidding for the stake owned by state-run investment company Khazanah Nasional Bhd. include Sapura Group, the Malaysian weekly newspaper said. The deadline for bids is today, it said.
The stock was unchanged at 3.35 ringgit.
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org
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