Alliance, Hong Leong, KFC, QSR, Ta Ann: 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 Index rose 0.6 percent to 1,525.85.
Alliance Financial Group Bhd. (AFG MK): The Malaysian lender said third-quarter net income rose 11.2 percent from a year earlier to 111.1 million ringgit ($37 million), its biggest quarterly profit in more than two years. Alliance Financial rose 0.3 percent to 3.10 ringgit.
Hong Leong Industries Bhd. (HLI MK): The investment group said profit in the second quarter ended Dec. 31 rose to 58.8 million ringgit from 50.4 million ringgit a year earlier as sales increased. The shares last traded at 5.72 ringgit on Feb. 18.
KFC Holdings (Malaysia) Bhd. (KFC MK): Malaysia’s biggest fast-food operator said fourth-quarter profit rose 39 percent from a year earlier to 48.7 million ringgit on higher sales, according to a company statement. The stock added 2.4 percent to 3.85 ringgit.
Padiberas Nasional Bhd. (PNL MK): Malaysia’s sole rice importer said fourth-quarter profit climbed to 36.9 million ringgit from 32.4 million ringgit a year earlier on higher sales, according to a company statement. The stock added 0.7 percent to 2.79 ringgit.
QSR Brands Bhd. (QSR MK): The fast food restaurant operator said fourth-quarter profit climbed 35 percent from a year earlier to 35.3 million ringgit as sales increased, according to a stock exchange filing. The shares gained 0.2 percent to 5.55 ringgit.
Ta Ann Holdings Bhd. (TAH MK): The timber company said fourth-quarter net income jumped 43 percent from a year earlier to 30.2 million ringgit on higher sales. Its shares fell 1.2 percent to 5.08 ringgit.
United Plantations Bhd. (UPL MK): The palm oil planter said fourth-quarter net income rose 20 percent to 81.9 million ringgit, according to an exchange filing. The stock rose 0.1 percent to 16.52 ringgit.
To contact the editor responsible for this story: Darren Boey in Hong Kong at email@example.com