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Bursa, CIMB, Malaysian Air, Telekom: 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 was little changed at 1,489.27.

Bursa Malaysia Bhd. (BURSA MK): The country’s stock exchange operator said RHB Capital Bhd. (RHBC MK) Group Managing Director Tajuddin Atan will replace Yusli Mohamed Yusoff as its chief executive officer from April 1. Tajuddin will resign as group managing director of RHB Capital on March 31, the banking group said in a separate statement. Bursa added 0.3 percent to 8.14 ringgit. RHB Capital gained 0.4 percent to 7.83 ringgit.

CIMB Group Holdings Bhd. (CIMB MK): Malaysia’s second- biggest bank by market value said fourth-quarter profit rose 9.3 percent from a year earlier to 877.6 million ringgit ($288 million), helping it plan a record dividend payout, according to a company statement. CIMB was unchanged at 8.07 ringgit.

Cahya Mata Sarawak Bhd. (CMS MK): The builder said fourth- quarter profit rose 54 percent from a year earlier to 19.4 million ringgit. The stock slid 1.1 percent to 2.62 ringgit.

DRB-Hicom Bhd. (DRB MK): The auto group said third-quarter net income climbed to 110.1 million ringgit from 103.5 million ringgit a year ago, according to a stock filing. DRB-Hicom rose 1.5 percent to 1.98 ringgit.

MAA Holdings Bhd. (MAA MK): The insurer said fourth-quarter net income dropped 50 percent from a year earlier to 7.75 million ringgit, according to a company statement. The shares gained 1.3 percent to 79.5 sen.

Malaysian Airline System Bhd. (MAS MK): The national carrier said fourth-quarter profit fell 65 percent from a year earlier to 225.9 million ringgit because of a smaller gain from oil-price hedging. The shares advanced 2.1 percent to 1.92 ringgit.

MMC Bhd. (MMC MK): Malaysia’s biggest builder said it’s considering options for its power unit, Malakoff Corp., including an issuance of new shares to optimize its capital structure. MMC has no plan to sell a 40 percent stake in Malakoff, it said in a statement, denying a report in the Nanyang Siang Pau newspaper. MMC dropped 1.1 percent to 2.73 ringgit.

PLUS Expressways Bhd. (PLUS MK): The nation’s largest toll- road operator said fourth-quarter profit rose to 337.8 million ringgit from 315 million ringgit a year earlier. PLUS added 0.5 percent to 4.43 ringgit.

Padini Holdings Bhd. (PAD MK): The garment manufacturer and retailer said profit in the second quarter ended Dec. 31 rose 26 percent from a year earlier to 14.5 million ringgit, according to a company statement. The stock fell 0.9 percent to 1.07 ringgit.

Scomi Group Bhd. (SGB MK): The oil and gas services provider said its fourth-quarter net loss narrowed to 31.4 million ringgit from 43.5 million ringgit a year earlier, according to a company statement. Scomi climbed 3 percent to 34.5 sen.

Telekom Malaysia Bhd. (T MK): The fixed-lined phone operator and Internet services provider said fourth-quarter net income rose to 400.6 million ringgit from 170.3 million ringgit a year earlier, according to a stock filing. The company also plans a capital distribution to shareholders of about 1.04 billion ringgit, or 29 sen a share, it said. The stock was unchanged at 3.85 ringgit.

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Darren Boey in Hong Kong at dboey@bloomberg.net

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