Affin, AirAsia, Dayang, Petra, RHB: 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 (FBMKLCI) Index rose 0.2 percent to 1,532.12.

Affin Holdings Bhd. (AHB) : The Malaysian banking group’s first-quarter net income dropped 22 percent from a year earlier to 106.1 million ringgit ($35 million), according to a company statement. The stock was unchanged at 3.50 ringgit.

AirAsia Bhd. (AIRA) : Southeast Asia’s biggest discount airline said first-quarter profit fell 23 percent from a year earlier to 171.9 million ringgit, due to higher fuel, maintenance and staffing costs, according to a company statement. The stock gained 0.7 percent to 3.06 ringgit.

Dayang Enterprise Holdings Bhd. (DEHB) : The Malaysian oil and gas services provider’s first-quarter profit rose 28 percent from a year earlier to 16.6 million ringgit as sales surged, according to a company statement. Dayang was unchanged at 2 ringgit.

Green Packet Bhd. (GRPB) : The wireless Internet services provider said its loss for the first quarter narrowed to 19 million ringgit from 24.8 million a year earlier as sales gained, according to a stock exchange filing. Green Packet added 0.7 percent to 70 sen.

Jerneh Asia Bhd. (JER) : The company, which sold its insurance stake, plans to pay a dividend of as much as 2.52 ringgit a share, amounting to a payout of up to 462.2 million ringgit, according to a company statement. The stock gained 2.2 percent to 3.19 ringgit.

Petronas Dagangan Bhd. (PETD) : The retailing arm of Malaysia’s state oil and gas company said fourth-quarter profit surged 42 percent to 228.5 million ringgit as revenue climbed, according to a stock filing. The stock was unchanged at 15.30 ringgit.

Petra Perdana Bhd. (PETR) : The oil and gas services provider had a loss of 8.36 million ringgit in the first quarter, compared with a profit of 3.6 million ringgit a year earlier. The loss was due to higher lease rental and operations costs, it said in a statement. The stock was unchanged at 99 sen.

RHB Capital Bhd. (RHBC) : The Malaysian banking group said first-quarter net income rose 9.3 percent from a year earlier to 382.1 million ringgit as net interest income and earnings from Islamic banking increased, according to a company statement. The stock gained 1.2 percent to 9.24 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 at dboey@bloomberg.net

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