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Malaysia Stocks: Dialog, Hartalega, Hong Leong Bank, Mulpha

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May 11 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 12.66, or 0.8 percent, to 1,536.03, the biggest gain since March 31.

Dialog Group Bhd. (DLG MK), an oil and gas services provider, rose 5.5 percent to 2.70 ringgit, an all-time high. The company is tendering with Australia’s Roc Oil Co. for rights to develop upstream oilfield projects in Malaysia.

Hartalega Holdings Bhd. (HART MK), a producer of synthetic and latex gloves, added 1.2 percent to 5.77 ringgit, the most since April 15. Profit for the fourth quarter ended March 31 rose 13 percent from a year earlier to 52.4 million ringgit ($18 million).

Harrisons Holdings (Malaysia) Bhd. (HHM MK), a trader of building materials and chemical products, climbed 5.3 percent to 3.99 ringgit, a record. CIMB Investment Bank Bhd. values the stock at 6.49 ringgit a share, a 71 percent premium to yesterday’s close, analyst Nigel Foo wrote in a report today, citing earnings growth prospects.

Hong Leong Bank Bhd. (HLBK MK), a banking group, advanced 4.5 percent to 12.02 ringgit, closing at an all-time high. Profit for the third quarter ended March 31 climbed 27 percent from a year earlier to 289.7 million ringgit.

Hong Leong Financial Group Bhd. (HLFG MK), a banking and insurance group, jumped 4.9 percent to 11.68 ringgit, a record close. Net income in the third quarter ended March 31 surged 86 percent from a year earlier to 264.6 million ringgit as revenue increased, according to a company statement. The company also proposed a second interim dividend of 15 sen a share and a special dividend of 3 sen a share, it said.

Mulpha International Bhd. (MIT MK), a property developer, gained 4 percent to 52 sen, its biggest increase since April 6, after proposing a dividend reinvestment plan.

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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