CIMB, EON, KrisAssets, Masterskill, PPB: 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 0.2 percent to 1,503.20.

CIMB Group Holdings Bhd. (CIMB MK): Malaysia’s second- biggest bank said it plans to pay shareholders 1 billion ringgit ($320 million) in special dividends after reporting a record profit in the third quarter. Net income surged 26 percent from a year earlier to 915.7 million ringgit, it said in a statement. CIMB added 1 percent to 8.41 ringgit.

EON Capital Bhd. (EON MK): The Malaysian banking group said third-quarter profit surged 70 percent from a year earlier to 128.1 million ringgit as revenue advanced. EON was unchanged at 7.10 ringgit.

KrisAssets Holdings Bhd. (KRIS MK): The office and shopping mall operator said third-quarter profit fell 28 percent to 27.3 million ringgit, as a revaluation surplus a year earlier wasn’t repeated, overshadowing an increase rental income. KrisAssets fell 0.6 percent to 3.60 ringgit.

Masterskill Education Group Bhd. (MASEG MK): Malaysia’s biggest operator of non-government nursing colleges said third- quarter net income dropped 22 percent from a year earlier to 26.2 million ringgit as higher operating expenses countered an increase in revenue. Masterskill rose 0.9 percent to 2.14 ringgit.

PPB Group Bhd. (PEP MK): The company controlled by billionaire Robert Kuok said third-quarter net income fell 52 percent from a year earlier to 288 million ringgit, according to an exchange filing. The drop was primarily due to a decline in contributions from associate companies, including Singapore- listed Wilmar International Ltd. (WIL SP), the statement said. PPB fell 1.5 percent to 18.80 ringgit.

United Plantations Bhd. (UPL MK): The Malaysian palm oil producer said third-quarter profit fell 14 percent from a year earlier to 79.3 million ringgit, because of a decline in production. United Plantations also proposed a special dividend of 11.25 sen a share, in addition to an interim dividend of 15 sen, it said in a statement. United Plantations was unchanged at 17.70 ringgit.

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: Darren Boey at dboey@bloomberg.net.

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