Malaysia Stocks: Poh Huat, Ramunia, Sin Heng Chan, YTL Corp.
The FTSE Bursa Malaysia KLCI Index (FBMKLCI) rose for the first time in three days, climbing 0.6 percent to 1,573.22.
Poh Huat Resources Holdings Bhd. (PHR) , a furniture maker, jumped 12 percent to 43 sen, set for the largest increase since Aug. 10. Net income in the first quarter climbed to 2.2 million ringgit ($724,339) from 654,000 ringgit a year earlier.
Ramunia Holdings Bhd. (RH) , an oil and gas services provider, gained 4.4 percent to 36 sen. The company received a 23.6 million ringgit contract from Aquaterra Energy Ltd., it said in a statement.
Sin Heng Chan (Malaya) Bhd. (SHL) , a producer of animal feeds, advanced 9.1 percent to 1.20 ringgit, headed for the highest close since April 2007, extending yesterday’s 37 percent rally. The company said it is unaware of any reason for the recent share price surge.
YTL Corp. (YTL) (YTL MK TB), a utility, property and construction group, increased 1.8 percent to 1.71 ringgit, poised for the biggest gain since March 2. YTL spent 21.1 million ringgit buying back 12.3 million of its own shares, according to a company statement.
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