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 (FBMKLCI) Index fell 0.4 percent to 1,515.50 on May 6.
Aliran Ihsan Resources Bhd. (AIRB) : The water treatment operator is exploring business opportunities outside of Johor state, including water, waste water and related construction works, the company said in a Kuala Lumpur stock exchange filing. The shares slid 3.1 percent to 1.58 ringgit.
Coastal Contracts Bhd. (COCO) : The shipbuilder proposed a one-for-three bonus share issue and one-for-eight issue of free warrants, according to a Kuala Lumpur stock exchange filing. The company also proposed buying back up to 10 percent of its issued paid-up share capital, the statement said. The shares rose 1.7 percent to 3.58 ringgit.
Hap Seng Consolidated Bhd. (HAP) : The Malaysian plantation and property group’s first-quarter profit doubled from a year earlier to 82.2 million ringgit ($27 million) on higher sales, according to a company statement. Hap Seng dropped 0.2 percent to 5.90 ringgit.
Hap Seng Plantations Holdings Bhd. (HAPL) : The palm oil planter said first-quarter net income climbed 58 percent from a year earlier to 57.8 million ringgit as sales increased, according to a stock filing. The stock fell 2.2 percent to 2.72 ringgit.
Hong Leong Bank Bhd. (HLBK) : The banking group has completed the 5.06 billion-ringgit takeover of EON Capital Bhd. (EON) , Hong Leong Chief Executive Officer Yvonne Chia told reporters in Kuala Lumpur. “After 15 months of hard work and delays, this union has become a reality,” Chia said, adding that Hong Leong may acquire other banks in the region. Hong Leong added 0.4 percent to 10.44 ringgit. EON gained 0.7 percent to 7.40 ringgit.
Malaysia Marine & Heavy Engineering Holdings Bhd. (MMHE MK): The Malaysian rig-building arm of MISC Bhd. (MISC MK) said net income in the fourth quarter ended March 31 rose 12 percent from a year earlier to 128.6 million ringgit, according to a company statement. The stock fell 0.2 percent to 6.83 ringgit.
Pintaras Jaya Bhd. (PINT) : The builder’s profit in the third quarter ended March 31 gained 23 percent from a year earlier to 5.23 million ringgit as revenue increased, according to a company statement. Pintaras added 0.9 percent to 2.31 ringgit.
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com