Malaysia Stocks: CapitaMalls, Ken Holdings, Karambunai, Zhulian
Stock Chart for CapitaMalls Malaysia Trust (CMMT)
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 (FBMKLCI) Index fell 6.39, or 0.4 percent, to 1,521.53, its lowest close since March 29.
CapitaMalls Malaysia Trust (CMMT) , a retail property trust, added 0.9 percent to 1.13 ringgit, the most since April 11, after reporting a profit of 31.4 million ringgit ($10.4 million) in the first quarter ended March 31. The company achieved a distributable income of 26 million ringgit, it said in a statement. There were no comparable year-earlier figures as the company was established in June 2010, it said.
EP Manufacturing Bhd. (EPMB) jumped 10 percent to 74.5 sen, the highest close since March 2006. Horizon Growth Fund NV has emerged as a substantial shareholder of the Malaysian auto- parts maker after buying 8.7 million shares, or a 5.4 percent stake, an exchange filing showed.
Karambunai Corp. (KRBN MK), a property and hotel group, surged 21 percent to 25.5 sen, the most since Jan. 4, after Malaysia’s government said the company is part of a group that will undertake a 9.6 billion-ringgit integrated resort development in Sabah state.
Ken Holdings Bhd. (KEN) , a property developer, surged 13 percent to 1.35 ringgit, its highest close since July 31, 2007. The company’s first-quarter profit surged fourfold from a year earlier to 5.08 million ringgit on higher sales, according to a stock exchange filing.
Zhulian Corp. (ZHCB MK), a multi-level marketing company, lost 1.7 percent to 1.75 ringgit, its lowest close since April 12. First-quarter net income fell 14 percent from a year earlier to 21.3 million ringgit because of lower profit margins, Zhulian said in a statement.
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