Ancom, ECS, Malaysian Pacific, Ramunia: Malaysia Equity Preview
Shares of the following companies may have unusual price changes in Malaysia trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
The FTSE Bursa Malaysia KLCI Index fell 1.1 percent to 1,526.43.
Ancom Bhd. (ANC MK): The Malaysian chemical products maker said it had a loss of 6.18 million ringgit ($2 million) in the second quarter ended Nov. 30, compared with a profit of 358,000 ringgit a year earlier, because of weaker demand and lower selling prices. The shares declined 1 percent to 49.5 sen.
Amtel Holdings Bhd. (AMT MK): The distributor of telecommunications products said profit in the fourth quarter ended Nov. 30 fell to 705,000 ringgit from 798,000 ringgit as sales slid. Amtel lost 1.4 percent to 69.5 sen on Jan. 21.
ECS ICT Bhd. (ECS MK): The distributor of computer-related products said it signed an agreement to distribute Samsung Electronics Co.’s notebooks and Galaxy Tab tablet computers in the Malaysian market. ECS climbed 2.3 percent to 1.36 ringgit.
Masterskill Education Group Bhd. (MASEG MK): FMR LLC, the parent of Fidelity Investments, sold 1.47 million shares in Masterskill, Malaysia’s largest operator of non-government nursing colleges, a stock exchange filing showed. Masterskill gained 1.5 percent to 2.09 ringgit.
Malaysian Pacific Industries Bhd. (MPI MK): The chipmaker said profit in the second quarter ended Dec. 31 fell to 25.3 million ringgit from 25.7 million ringgit a year earlier. The shares slid 0.7 percent to 5.51 ringgit.
Nylex (Malaysia) Bhd. (NYL MK): The manufacturer of vinyl- coated fabrics and other plastic products said net income in the second quarter ended Nov. 30 tumbled 47 percent from a year earlier to 4.88 million ringgit as sales and prices declined. The shares added 0.7 percent to 70 sen.
Ramunia Holdings Bhd. (RH MK): The oil and gas services provider said it plans to buy the Pulau Indah fabrication yard from Oilcorp Bhd. (OILC MK) for 83.8 million ringgit, according to a company statement. Ramunia advanced 3.2 percent to 65 sen.
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