KUALA LUMPUR (May 15): Bursa Malaysia has queried MKH Bhd (KL:MKH) over unusual trading activity that lifted shares of the property-and-plantation company over a nine-year high.

Shares of MKH hit their daily upper-limit of RM1.46 after climbing 33 sen or 29% on Friday. Trading volume also surged to nearly 27 million shares, the most since its listing in 1995 when the company was known as Metro Kajang Holdings Bhd.

MKH has been ordered to clarify whether there are any undisclosed developments, rumours or reports that could have triggered the surge. The exchange also told the company to confirm its compliance with listing rules, particularly on the timely disclosure of material information.

At Friday’s closing price, MKH had a market capitalisation of RM851.71 million. The rally also comes on the heels of a 23% surge a day earlier, bringing its total gain to 44% year to date.

Chen Choy & Sons Realty Sdn Bhd — a vehicle linked to the founding Chen family — is MKH’s largest shareholder with a 14.76% direct stake and a 26.2% indirect interest.

The company has yet to announce its results for the second quarter ended March 31, 2026 (2QFY2026) and has until the end of this month to do so.

For 1QFY2026, MKH’s net profit fell 65% to RM8.8 million from RM24.95 million over the same period a year earlier.

Revenue declined 30% year-on-year to RM173.03 million as delays and early development stages of newly-launched projects dragged on its property and construction businesses. Lower prices and sales volume of palm oil also weighed on its plantation unit.

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