CB Industrial, Leong Hup, MWE, WCT: Malaysia Equity Preview

The following companies may have unusual price changes in Malaysia trading. Stock symbols are in parentheses, and share prices are from the most recent close. Malaysia’s FTSE Bursa Malaysia KLCI Index fell 0.5 percent to 1,496.65.

CB Industrial Product Holding Bhd. (CBP MK): The Malaysian farm-equipment maker said third-quarter net income more than doubled from a year earlier to 23.1 million ringgit ($7.4 million). CB added 1.4 percent to 3.55 ringgit.

Leong Hup Holdings Bhd. (LHH MK): The poultry company received a 318.7 million ringgit buyout offer for its business from Emerging Glory Sdn. The offer is the equivalent of 1.80 ringgit a share, it said in a statement. Emerging Glory also offered 108 million ringgit, or 90 sen a share, for the business of Emivest Bhd. (EMIV MK), an animal feeds producer, according to a separate statement. Leong Hup rose 1.8 percent to 1.69 ringgit on Nov. 16 before it was suspended. Emivest added 6.5 percent to 82 sen on Nov. 16 before the shares were halted.

MWE Holdings Bhd. (MWE MK): The yarn and fabric manufacturer said third-quarter profit climbed 17 percent from a year earlier to 12.1 million ringgit. MWE lost 2.8 percent to 1.04 ringgit.

WCT Bhd. (WCT MK): The builder said third-quarter net income fell 8.4 percent from a year earlier to 30.6 million ringgit on lower sales. WCT dropped 1 percent to 3.02 ringgit.

Xingquan International Sports Holdings Ltd. (XISH MK): The Chinese sports-shoe maker said profit in the first quarter ended Sept. 30 rose 21 percent from a year earlier to 25.8 million ringgit as sales advanced, according to a statement to the stock exchange. The stock was unchanged at 1.60 ringgit.

To contact the reporters on this story: Chan Tien Hin in Kuala Lumpur at thchan@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.