Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI Index fell 1.1 per cent to 1,513.54. The decline is the most since Nov. 25, snapping a seven-day, 4.5 per cent rally.
Boustead Holdings Bhd, a plantation, property and heavy industries group, added 2.6 per cent to RM5.93, its highest close since July 13. Its unit MHS Aviation Bhd, which provides air transport services to the oil and gas industry, agreed to buy 16 aircraft for RM586.2 million from DRIR Management Sdn Bhd and DRIR Rotor Sdn Bhd, according to a stock-exchange filing.
Cypark Resources Bhd, an environmental and landscaping services provider, lost 1.4 per cent to RM1.43, the biggest slide since Dec. 16. Fourth-quarter net income fell 22 per cent from a year earlier to RM4.1 million, it said in a statement.
Malaysian Airline System Bhd, the national carrier, jumped 13 percent to RM1.47, its largest gain since October 2007. The airline hired Hugh Dunleavy of WestJet Airlines to head the carrier’s network, alliance, strategy and planning unit, and Shihaj Kutty to lead revenue management as part of a new management structure, it said in a statement.
Proton Holdings Bhd, the national carmaker, rose 1.7 per cent to RM4.90, its highest since Dec. 14, 2010. General Motors Co may buy as much as 50 per cent of Proton’s stake in an auto plant in Tanjung Malim for up to RM800 million, the Edge weekly newspaper reported, citing people it didn’t identify. Proton Managing Director Syed Zainal Abidin Syed Mohamed Tahir couldn’t immediately return calls seeking comment.
Proton was also upgraded to “trading buy” from “neutral” at CIMB Group Holdings Bhd, which raised its share- price estimate to RM5.45 from RM4.35. -- Bloomberg
The FTSE Bursa Malaysia KLCI Index fell 1.1 per cent to 1,513.54. The decline is the most since Nov. 25, snapping a seven-day, 4.5 per cent rally.
Boustead Holdings Bhd, a plantation, property and heavy industries group, added 2.6 per cent to RM5.93, its highest close since July 13. Its unit MHS Aviation Bhd, which provides air transport services to the oil and gas industry, agreed to buy 16 aircraft for RM586.2 million from DRIR Management Sdn Bhd and DRIR Rotor Sdn Bhd, according to a stock-exchange filing.
Cypark Resources Bhd, an environmental and landscaping services provider, lost 1.4 per cent to RM1.43, the biggest slide since Dec. 16. Fourth-quarter net income fell 22 per cent from a year earlier to RM4.1 million, it said in a statement.
Malaysian Airline System Bhd, the national carrier, jumped 13 percent to RM1.47, its largest gain since October 2007. The airline hired Hugh Dunleavy of WestJet Airlines to head the carrier’s network, alliance, strategy and planning unit, and Shihaj Kutty to lead revenue management as part of a new management structure, it said in a statement.
Proton Holdings Bhd, the national carmaker, rose 1.7 per cent to RM4.90, its highest since Dec. 14, 2010. General Motors Co may buy as much as 50 per cent of Proton’s stake in an auto plant in Tanjung Malim for up to RM800 million, the Edge weekly newspaper reported, citing people it didn’t identify. Proton Managing Director Syed Zainal Abidin Syed Mohamed Tahir couldn’t immediately return calls seeking comment.
Proton was also upgraded to “trading buy” from “neutral” at CIMB Group Holdings Bhd, which raised its share- price estimate to RM5.45 from RM4.35. -- Bloomberg
