Bloomberg News

Malaysia Stocks: EON Capital, Malaysia Airports, Sunway

April 01, 2010

Malaysia’s FTSE Bursa Malaysia KLCI Index (FBMKLCI) rose for a ninth day, adding 3.60, or 0.3 percent, to 1,333.44 at 10:12 a.m. local time, set for the longest rally since a nine-day gain through March 27, 2007. The gauge climbed 1.2 percent this week, its second weekly increase.

EON Capital Bhd. (EON MK), a banking group, rose 1.8 percent to 7.18 ringgit, set for the highest close since Oct. 19, 2007. Hong Leong Bank Bhd. (HLBK) said it raised its offer to acquire EON Capital, a banking group, to 5.06 billion ringgit ($1.56 billion) from 4.92 billion ringgit.

Malaysia Airports Holdings Bhd. (MAHB) , an airport operator, added 1.3 percent to 4.86 ringgit, bound for the highest close since March 11. The company aims to boost Ebitda to more than 1 billion ringgit in the next five years by managing more airports, boosting commercial revenue and co-developing land. The company aims to increase annual passenger numbers in Malaysia to more than 60 million by 2014, it said in a statement.

Sunway Holdings Bhd. (SGW MK), a Malaysian builder, advanced 2 percent to 1.52 ringgit, headed for the largest gain since March 19. The company said it won a 88 million ringgit contract from a unit of KLCC Holding Sdn. to build a 22-story tower block and park lot. The building is the second phase of the Impiana KLCC development in Kuala Lumpur, it said in a statement.

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net


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