Malaysia Stocks: Fajarbaru, Genting, Malaysia Marine, Mah Sing
Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. trading break in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 0.4 percent to 1,445.10.
Fajarbaru Builder Group Bhd. (FBC) , a construction company, climbed 2.7 percent to 94.5 sen, after saying it secured a 166.4 million-ringgit ($53 million) building contract.
Genting Malaysia Bhd. (GENM) rose 5.1 percent to 3.68 ringgit, set for its steepest gain since Sept. 2. The casino and hotel operator will open Resorts World Casino New York City on Oct. 28 at the Aqueduct Racetrack in Queens, it said in a statement. This will be New York City’s first casino, which will have 2,485 electronic slot machines and table games in its first phase, Genting said.
Malaysia Marine and Heavy Engineering Holdings Bhd. (MMHE) , the rig-building arm of MISC Bhd. (MISC MK), added 1 percent to 6.01 ringgit, after saying it received a 236 million- ringgit contract from Exxon Mobil Corp.
Mah Sing Group Bhd. (MSGB) , a property developer, gained 1.6 percent to 1.92 ringgit. The share-price estimate for Mah Sing was raised to 2.14 ringgit from 2.05 ringgit at Hong Leong Financial Group Bhd., which cited its growth prospects.
To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org