Malaysia Stocks: Emas Kiara, Plenitude, PPB, United Plantations

Malaysia’s FTSE Bursa Malaysia KLCI Index fell 15.67, or 1 percent, to 1,487.53 at the 5 p.m. close in Kuala Lumpur, its steepest drop since Sept. 23.

Emas Kiara Industries Bhd. (EKI MK), a building materials producer, fell 4.9 percent to 78.5 sen, its lowest level since Nov. 3, after third-quarter profit tumbled 73 percent from a year earlier to 1.05 million ringgit.

Plenitude Bhd. (PLEN MK), a developer, advanced 0.9 percent to 2.21 ringgit, its highest close since Nov. 12, after net income in the first quarter ended Sept. 30 surged 72 percent from a year earlier to 20.2 million ringgit.

PPB Group Bhd. (PEP MK), a company controlled by billionaire Robert Kuok, dropped 1.9 percent to 18.44 ringgit, its lowest close since Oct. 21. PPB said third-quarter net income fell 52 percent from a year earlier to 288 million ringgit because of a decline in contributions from associate companies, including Singapore-listed Wilmar International Ltd.

United Plantations Bhd. (UPL MK), a palm oil producer, dropped 2.3 percent to 17.30 ringgit, the most since Oct. 15, 2009. The company said third-quarter profit fell 14 percent from a year earlier to 79.3 million ringgit, because of a decline in production.

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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