Bloomberg News

Malaysia Stocks: Astino, CIMB, OSK, RHB, Selangor Properties

September 30, 2011

Sept. 30 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index fell 0.33 point, or less than 0.1 percent, to 1,387.13. The gauge dropped 12 percent this quarter, its steepest slide since the three months ended Dec. 31, 2008.

Astino Bhd. (ASTI MK), a maker of metal roof sheets and doors, jumped 16 percent to 80 sen, its biggest gain since May 6, 2009. Astino’s net income in the fourth quarter ended July 31 surged to 15.1 million ringgit ($4.7 million) from 1.37 million ringgit a year earlier. The company proposed a dividend of 1 treasury share for every 20 existing shares held, it said in a statement.

CIMB Group Holdings Bhd. (CIMB MK), Malaysia’s second- largest bank, rose 1.3 percent to 6.97 ringgit. CIMB bought 70 percent of Thailand’s Sicco Securities Pcl for 767.9 million baht ($24.6 million), it said in a statement.

OSK Holdings Bhd. (OSK MK), an investment banking group, surged 12 percent to 1.56 ringgit, its steepest increase since Nov. 9. OSK and RHB Capital Bhd. (RHBC MK) have sought central bank approval to start talks to merge their investment banking businesses, according to separate company statements. RHB fell 2.2 percent to 7 ringgit.

Selangor Properties Bhd. (SPR MK), a property developer, added 6.5 percent to 3.27 ringgit, the most since Jan. 17. Profit in the third quarter ended July 31 quadrupled from a year earlier to 31.6 million ringgit, it said in a statement.

--Editor: Shiyin Chen

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: Darren Boey at dboey@bloomberg.net


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