FDIC Board Adopts Volcker Rule Ban on Banks' Propreitary Trades
AirAsia, CIMB, Malaysian Air, KSL, MMC: 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.
Malaysia’s FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 0.7 percent to 1,482.37.
AirAsia Bhd. (AIRA) : Asia’s biggest discount carrier said second-quarter profit fell 48 percent to 104.3 million ringgit ($35 million) as higher fuel costs eroded gains from carrying more passengers, according to a company statement. AirAsia was unchanged at 3.62 ringgit.
CIMB Group Holdings Bhd. (CIMB) : Malaysia’s second- biggest lender said second-quarter profit rose 9 percent to 970 million ringgit, underpinned by higher earnings from Islamic finance and Indonesia and lower loan-loss provisions. The stock added 0.3 percent to 7.79 ringgit.
Coastal Contracts Bhd. (COCO) : The shipbuilder’s second- quarter profit fell 3.4 percent from a year earlier to 46.6 million ringgit, according to a company statement. The stock gained 2.5 percent to 2.04 ringgit.
HeiTech Padu Bhd. (HEIT) : The computer services company received an extension of a maintenance services contract valued at 68.4 million ringgit from the National Registration Department, it said in a statement. The stock was unchanged at 1.05 ringgit.
KSL Holdings Bhd. (KSL) : The real estate developer said second-quarter profit surged 72 percent to 29.1 million ringgit as revenue jumped, according to a company statement. KSL fell 1.9 percent to 1.59 ringgit.
Malaysian Airline System Bhd. (MAS) : The national carrier posted a second consecutive quarterly loss in the three months ended June as higher fuel costs eroded gains from carrying more passengers. The airline narrowed its loss to 527 million ringgit from 535 million ringgit a year earlier, the company said in a statement. The stock fell 1.8 percent to 1.64 ringgit.
Mudajaya Group Bhd. (MDJ) : The construction company’s second-quarter net income climbed 11 percent from a year earlier to 60.3 million ringgit, it said in a stock exchange filing. The stock rose 0.7 percent to 2.75 ringgit.
MMC Corp. (MMC MK): The ports and power company said second-quarter profit fell 8.1 percent to 82.1 million ringgit from a year earlier, according to a stock exchange filing in Kuala Lumpur. The stock gained 0.8 percent to 2.68 ringgit.
Pos Malaysia Bhd. (POSM) , the national postal company, said second-quarter profit fell 23 percent to 21.6 million ringgit, a stock filing showed. The shares gained 0.3 percent to 3 ringgit.
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org