Boustead Heavy Industries Bhd, a Malaysian shipbuilding and engineering company, rose to a four- month high in Kuala Lumpur trading after its associate won a contract to build navy ships that could be worth as much as RM9 billion.
The stock gain 4.8 percent to RM3.30 at 9:05 a.m. local time, set for its highest close since Aug. 17.
Boustead Naval Shipyard Sdn Bhd received a contract from the Malaysian government to deliver six combat ships, the group said in a statement. -- Bloomberg
The stock gain 4.8 percent to RM3.30 at 9:05 a.m. local time, set for its highest close since Aug. 17.
Boustead Naval Shipyard Sdn Bhd received a contract from the Malaysian government to deliver six combat ships, the group said in a statement. -- Bloomberg
