Malaysia Stocks: Allianz, AirAsia, Dutch Lady Milk, JCY, TSH
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 (FBMKLCI) Index rose for a second day, adding 2.75, or 0.2 percent, to 1,544.02, its highest close since April 11.
Allianz Malaysia Bhd. (ALLZ) , an insurer, climbed 1.6 percent to 5.18 ringgit, its largest advance since April 15. Allianz’s first-quarter profit climbed 45 percent from a year earlier to 33.7 million ringgit ($11 million), according to a company statement.
AirAsia Bhd. (AIRA) , Southeast Asia’s biggest budget carrier, rose 2.7 percent to 3.08 ringgit, its largest increase since May 11. AirAsia carried 19.2 percent more passengers in April compared with a year earlier for its Malaysian operations, according to an e-mailed statement today. Passenger traffic for its Thailand operations climbed 26.1 percent last month while traffic in Indonesia grew 31.3 percent, it said.
Dutch Lady Milk Industries Bhd. (DLM) , a dairy products maker, gained 1.6 percent to 17.84 ringgit, its highest close since Dec. 17. First-quarter profit rose 36 percent to 28.3 million ringgit as sales gained, the company said in a statement. Dutch Lady also announced a special interim dividend of 30 sen a share, it said.
JCY International Bhd. (JCYH) , a disk-drive components supplier, slid 4.6 percent to 62 sen, its lowest close since March 22. The company’s profit for the quarter ended March 31 dropped 81 percent to 12.5 million ringgit.
TSH Resources Bhd. (TSH) , an oil palm planter and distributor of cocoa beans, rose 1.8 percent to 2.87 ringgit, its highest close since Jan. 13, after saying first-quarter net income more than doubled to 24 million ringgit.
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