Malaysia Stocks: AirAsia, Bintai, MISC, Unisem, YTL Corp.
Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI Index was little changed at 1,489.27. The gauge dropped 1.9 percent this week.
AirAsia Bhd. (AIRA MK), Southeast Asia’s biggest discount airline, rose 6 percent to 2.49 ringgit, the most since Jan. 13. The company said fourth-quarter profit surged ninefold from a year earlier to 316.6 million ringgit ($103 million) as higher ticket sales and income from related services helped counter increased fuel prices, according to a company statement.
Bintai Kinden Corp. (BKC MK), an engineering group, jumped 15 percent to 35 sen, its biggest gain since Jan. 31. The company said it had a profit of 10.1 million ringgit in the third quarter ended Dec. 31 compared with a loss of 1.16 million ringgit a year earlier on higher sales.
MISC Bhd. (MISC MK), the world’s biggest owner-operator of liquefied natural gas tankers, climbed 0.9 percent to 7.52 ringgit, the steepest advance since Feb. 8. The company said third-quarter profit surged to 1.34 billion ringgit from 170.1 million ringgit a year earlier.
Unisem Bhd. (UNI MK), Malaysia’s second-biggest listed semiconductor assembler, gained 6.7 percent to 1.92 ringgit, the biggest increase since April 12. The company said fourth-quarter net income rose 16 percent from a year earlier to 40.7 million ringgit on higher sales, according to a company statement.
YTL Corp. (YTL MK), Malaysia’s biggest builder, added 0.9 percent to 7.12 ringgit, following a five-day, 8.9 percent slump. The company said it is planning a five-for-one share split to boost the affordability and liquidity of its stock. Profit in the second quarter ended Dec. 31 fell to 164.2 million ringgit from 216.2 million ringgit a year earlier, it said.
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