AirAsia, Dayang, Perdana, Xian Leng: 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 0.5 percent to 1,361.38.

AirAsia Bhd. (AIRA) : The Employees Provident Fund, Malaysia’s biggest pension fund, sold 6 million shares in Asia’s biggest listed budget carrier, an exchange filing showed. AirAsia dropped 1.7 percent to 2.92 ringgit.

Dayang Enterprise Holdings Bhd. (DEHB) : The Malaysian oil and gas company said it may buy a strategic stake in Perdana Petroleum Bhd. (PETR MK), an offshore marine support provider. Dayang is in “exploratory” talks with Perdana and no agreement has been reached yet, Dayang said in a statement. Dayang was unchanged at 1.52 ringgit. Perdana fell 2.4 percent to 61.5 sen.

Xian Leng Holdings Bhd. (XLH) : The exporter of Arowana fish announced “possible” financial irregularities relating to capital expenditure of 17.4 million ringgit ($5.4 million). The company’s board will appoint an independent party to conduct a special audit to ascertain the exact nature and extent of such irregularities within two weeks, it said in a statement. The stock last traded at 42 sen on Sept. 30.

YTL Corp. (YTL MK): The Malaysian utilities, cement and property group spent 7.5 million ringgit buying back 5.5 million of its own shares, a stock exchange filing showed. YTL fell 1.5 percent to 1.32 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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.