Malaysia Stocks: Berjaya, CSC Steel, Genting, Magna, Scomi

Malaysia’s FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell for a third day, losing 2.23, or 0.2 percent, to 1,245.67 at 9:25 a.m. local time, set for its lowest close since Nov. 3.

Berjaya Corp. (BC) , a Malaysian property, betting and insurance group, rose 3.3 percent to 1.26 ringgit, bound for the highest close since Jan. 25. The Edge weekly newspaper reported it may receive a Vietnam gaming license.

CSC Steel Holdings Bhd. (CSCS) , a steel product producer, climbed 3.9 percent to 1.59 ringgit, set for the highest close since May 16, 2008. The company swung to a profit of 37.1 million ringgit from a loss of 42.1 million ringgit after sales climbed.

Genting Bhd. (GENT) , Asia’s largest publicly traded casino operator, rose 2.1 percent to 6.92 ringgit, set for the steepest gain since Dec. 2. Its Singapore unit obtained a casino license from the Singapore government for its resort on an island south of the city-state.

Magna Prima Bhd. (MAGNA) , a property developer, rose 3.1 percent to 1.01 ringgit, the third gain in four days. The Edge newspaper reported that Magna plans to build a 1.3 billion ringgit ($377 million) twin-tower complex in Kuala Lumpur.

Scomi Marine Bhd. (SMB) , a marine transport services operator, added 2.1 percent to 48.5 sen, heading for the largest increase in more than a week. The company said it agreed to sell a 29 percent stake in CH Offshore Ltd. to Falcon Energy Group for S$143.5 million in cash.

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: Linus Chua at lchua@bloomberg.net

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