Malaysia Stocks: Malaysian Pacific, Tricubes, Yeo Hiap Seng
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 2.57, or 0.2 percent, to 1,529.91, its third day of gains.
Malaysian Pacific Industries Bhd. (MPI) , the nation’s second-biggest listed chip-maker by market value, slid 1.9 percent to 5.30 ringgit, its lowest close since March 18. Profit in the third-quarter ended March 31 tumbled 81 percent from a year earlier to 5.05 million ringgit ($1.7 million) as a stronger local currency cut the value of sales, the company said in a statement.
TAS Offshore Bhd. (TOB) , a shipbuilder, slid 1.1 percent to 46.5 sen, its first drop in four days. Net income for the third quarter ended Feb. 28 dropped 49 percent from a year earlier to 404,000 ringgit, according to a company statement.
Tricubes Bhd. (TRCU) , a developer of software products, gained 3.9 percent to 26.5 sen, the first gain in three days. The company is “well on its way” to reviving its finances, according to a stock exchange statement.
Yeo Hiap Seng (Malaysia) Bhd. (YHSM MK), a beverage maker, climbed 4.2 percent to 1.72 ringgit, its highest close since Jan. 16, 2008. First-quarter profit rose 36 percent from a year earlier to 7.63 million ringgit, the company said in a statement.
To contact the reporters on this story: Chan Tien Hin in Kuala Lumpur at firstname.lastname@example.org
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