Malaysia Royalty-Linked Stock Jumps on Singapore Rail Bid Report

Berjaya Land Bhd., which has links to the family of Malaysia’s incoming king, jumped following a report that its unit is leading a consortium that’s bidding for the high-speed rail project between Kuala Lumpur and Singapore.

Shares of the hotel and gaming company reached the highest in almost three years after the Edge reportedBloomberg Terminal that its unit, Berjaya Rail Sdn., has teamed up with a group of Malaysian and foreign companies in submitting a proposal for the revived project. Malaysian Resources Corp., which is part of the consortium, and IJM Corp., whose unit is also involved, advanced to the highest in four years.

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