Malaysia Stocks: Fima Corp., Hovid, JCY, Petronas Gas, Wing Tai
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 fell for the first time in three days, losing 1.50 points, or 0.1 percent, to 1,498.24.
Fima Corp. (FMB MK), a property group, gained 2.9 percent to 5.73 ringgit, its biggest increase since July 20. The company said profit in the first quarter ended June 30 rose 17 percent to 26.9 million ringgit ($9 million).
Hovid Bhd. (HOV) , a herbal pharmaceutical products maker, jumped 13 percent to 22.5 sen, its steepest rally since March 21. It proposed giving shareholders 25 shares in unit Carotech Bhd. (CARO) for every 100 Hovid shares held, according to a company statement.
JCY International Bhd. (JCYH) , a disk-drive components supplier, advanced 3.4 percent to 46 sen, after CIMB Investment Bank Bhd. raised the stock’s rating to “trading buy” from “neutral.”
Petronas Gas Bhd. (PTG) , a gas distributor, climbed 2.9 percent to 13.56 ringgit, its highest close since July 18. The stock was rated “outperform” in new coverage at CIMB Investment Bank Bhd., which has a 16.13 ringgit share-price estimate.
Wing Tai Malaysia Bhd. (WING) , a property developer, advanced 4.7 percent to 1.79 ringgit, its largest gain since Nov. 1. Profit in the fourth quarter ended June 30 almost tripled to 53.3 million ringgit from 18.7 million ringgit a year earlier, it said in a filing.
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