Mah Sing jumps on 48pc H1 earnings rise

Mah Sing Group Bhd, a Malaysian developer, rose in Kuala Lumpur trading after OSK Research Sdn Bhd said its first-half earnings beat estimates.

The stock climbed 1.6 per cent to RM2.49 at 9:26 a.m. local time after the company yesterday announced a 48 per cent increase in second-quarter profit to RM43.1 million.

OSK said in a report today that it raised its full-year 2011 earnings forecast by 13.2 per cent.

By Bloomberg