George Kent, Malaysian Bulk, Proton: Malaysia Equity Preview

Shares of the following companies may have unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The FTSE Bursa Malaysia KLCI (FBMKLCI) Index dropped 1.4 percent to 1,495.62.

George Kent (Malaysia) Bhd. (GKEN MK): The water treatment company and supplier of water tanks said profit in the fourth quarter ended Jan. 31 rose to 9.4 million ringgit ($3.1 million) on higher sales. George Kent added 1.8 percent to 1.16 ringgit.

Mah Sing Group Bhd. (MSGB) : The Employees Provident Fund, Malaysia’s largest pension fund, bought 2.03 million shares in the property developer, raising its stake to 7.48 percent, according to a stock filing. Mah Sing fell 2 percent to 2.40 ringgit.

Malaysian Bulk Carriers Bhd. (MBC) : The vessel operator said one of its units will pay $6.9 million to Raffles Shipping & Investment Pte. in settlement of a claim. Malaysian Bulk fell 2 percent to 2.51 ringgit.

NTPM Holdings Bhd. (NTPM) : The Malaysian tissue-paper maker said profit in the third quarter ended Jan. 31 fell to 15.7 million ringgit from 16.6 million ringgit a year earlier, according to a stock exchange filing. NTPM fell 0.9 percent to 54.5 sen. [bn:WBTKR=PROH:MK]

Proton Holdings Bhd. (PROH) : The carmaker has started talks with Kerman Motor Co. of Iran to sell vehicles in the country, the Edge reported on March 12, citing unidentified people familiar with the matter. Proton fell 1.5 percent to 3.39 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 in Hong Kong at dboey@bloomberg.net

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