AirAsia, Borneo, MISC, Nagamas, Proton: 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 fell 0.2 percent to 1,410.64.

AirAsia Bhd. (AIRA) : Asia’s biggest budget carrier carried 12.2 percent more passengers in August compared with a year earlier, according to an e-mailed statement today. Its load factor fell to 74 percent in August from 76 percent last year, it said. The shares sank 4.8 percent to 3.19 ringgit.

Borneo Aqua Harvest Bhd. (BORN) : The fish breeder will seek to raise 9 million ringgit ($2.9 million) by selling new shares in a private placement. The money raised will be used to fund its operations, it said in a statement. Borneo was unchanged at 44.5 sen.

Cuscapi Bhd. (CUSC) : The software provider proposed to raise about 9.8 million ringgit from a private share placement, it said in a statement. The company will sell as much as 10 percent of new stock to help finance its operations, it said in a statement. The shares were unchanged at 44.5 sen.

MISC Bhd. (MISC) : Malaysia’s biggest shipping company had its debt rating cut one level to Baa1 by Moody’s Investors Service because of spending plans and expected operating losses across different units. Moody’s has a negative outlook on MISC’s rating. MISC rose 3.6 percent to 6.88 ringgit.

Nagamas International Bhd. (NGMS) : The industrial gas producer and Malaysia Airports Holdings Bhd. (MAHB) agreed to jointly provide operation, management and other services for airport development projects in China, according to a company statement. Nagamas fell 1.4 percent to 69 sen. Malaysia Airports lost 0.3 percent to 6.05 ringgit.

Proton Holdings Bhd. (PROH) : Malaysia’s state-controlled carmaker has set up a subsidiary called Proton Motor Pars Co. in Iran. The unit will be engaged in the assembly or building of vehicles, Proton said in a statement. Proton increased 0.4 percent to 2.72 ringgit.

YTL Corp. (YTL MK): The Malaysian utilities, cement and property group spent 1.8 million ringgit buying back 1.3 million of its own shares, a stock filing showed. YTL decreased 1.5 percent to 1.36 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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