=MARKET BUZZ: Malaysia's P.A. Resources At 3-Year High On New Order Rumor
KUALA LUMPUR (Jan 12) -- Malaysia's P.A. Resources +21.1% at MYR0.115, highest since October 2014 on speculation over likely U.S. contract win. "There's rumor that the deal to supply aluminum worth more than MYR100 million will be finalized by end of this month," says remisier at local brokerage, who adds, "company's earnings expected to be weak in near term, before new orders start contributing." Company official declined to comment on the market rumor.
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