Berjaya, Johan, Ireka, KNM, Petra: 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 rose 0.8 percent to 1,531.63.
Berjaya Corp. (BC MK): The Malaysian property, insurance and gaming group reported a profit of 32.5 million ringgit ($10.7 million) for the third quarter ended Jan. 31, compared with a loss of 156.2 million ringgit a year earlier. Earnings were boosted by higher contributions from its gaming, stockbroking, retail and distribution businesses, the company said in a statement. Berjaya climbed 0.9 percent to 1.09 ringgit.
Johan Holdings Bhd. (JOH) : The ceramic tile maker said it had a net loss of 15.3 million ringgit in the fourth quarter ended Jan. 31, compared with a profit of 9.1 million ringgit a year earlier as finance costs rose and sales declined, according to a company statement. Johan added 7.3 percent to 37 sen.
Ireka Corp. (IREKA MK): The Malaysian builder said it won a 232.7 million-ringgit contract to help build an office and hotel for Transmission Technology Sdn., according to a company statement. The shares rose 0.7 percent to 72 sen.
KNM Group Bhd. (KNMG) : The Employees Provident Fund bought 4 million shares in KNM, a Malaysian oil and gas services provider, a stock exchange filing showed. The purchase increased the pension fund’s holdings in KNM to 108.6 million shares, or an 11.1 percent stake, according to the filing. KNM added 0.4 percent to 2.75 ringgit.
Petra Perdana Bhd. (PETR) : The oil and gas services said it agreed to sell a work-barge for $8.22 million to PT Pann, according to a company statement. The money raised will be used to make bond repayments, it said. Petra surged 14 percent to 1.09 ringgit.
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