Keladi, KrisAssets, Pos, Perisai, TA: 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 0.1 percent to 1,515.55.
Keladi Maju Bhd. (KLMA) : The property and plantation group said net income in the fourth quarter ended Jan. 31 more than doubled from a year earlier to 5.2 million ringgit ($1.7 million), according to a company statement. Keladi gained 2.7 percent to 19 sen.
KrisAssets Holdings Bhd. (KRIS) : The shopping mall operator signed an agreement to buy Mid Valley City Gardens Sdn., owner of the Gardens Mall in Kuala Lumpur, from parent IGB Corp. (IGB MK) for 215.7 million ringgit. KrisAssets fell 0.7 percent to 4.10 ringgit. IGB lost 0.5 percent to 2.14 ringgit.
Pos Malaysia Bhd. (POSM) : The national postal company said it proposed a special dividend of 7.5 sen a share on top of a final dividend of 10 sen, according to a stock exchange filing. The shares rose 0.9 percent to 3.23 ringgit.
Perisai Petroleum Teknologi Bhd. (PPT) : Legg Mason Inc. bought 35.4 million shares, or a 5.2 percent stake in Perisai, an oil and gas services provider, a stock filing showed. Perisai advanced 4.1 percent to 76 sen.
Selangor Properties Bhd. (SPR) : The property developer said profit in the first quarter ended Jan. 31 fell 25 percent from a year earlier to 5.06 million ringgit as sales declined, according to a company statement. The stock rose 0.3 percent to 4 ringgit.
TA Enterprise Bhd. (TAE) : The stockbroking and property group said profit in the fourth quarter ended Jan. 31 surged 93 percent from a year earlier to 29.1 million ringgit, according to an exchange filing. The stock was unchanged at 72 sen.
TA Global Bhd. (TAGB) : The property and hotel group said profit in the fourth quarter ended Jan. 31 rose to 23.5 million ringgit from 22.4 million ringgit a year earlier as sales gained, it said in a statement. The stock was unchanged at 40 sen.
To contact the reporters on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org