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Concrete Engineering, Gadang, MAA, SEG: 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 0.4 percent to 1,535.30.
Concrete Engineering Products Bhd. (CEP) : The Malaysian building materials supplier said it had a loss of 5.96 million ringgit ($2 million) in the second quarter ended Feb. 28, compared with a profit of 1.96 million ringgit a year earlier, according to a company statement. The stock dropped 3.5 percent to 2.20 ringgit.
Gadang Holdings Bhd. (GADG) : The property and construction group said net income in the third quarter ended Feb. 28 dropped 48 percent from a year earlier to 2.32 million ringgit. The stock added 2.2 percent to 70 sen.
MAA Holdings Bhd. (MAA) : The insurer won central bank approval for an extension of time to complete its capital resolution plans including the sale of its insurance unit, according to a company statement. The company now has until July 31. MAA slipped 2.5 percent to 1.19 ringgit.
Pantech Group Holdings Bhd. (PGHB) : The steel products maker for pipelines and refineries said profit in the fourth quarter ended Feb. 28 fell 49 percent from a year earlier to 5.48 million ringgit. The shares climbed 0.8 percent to 63 sen.
Pensonic Holdings Bhd. (PSN) : The electronic and electrical home appliances maker said profit in the third quarter ended Feb. 28 more than doubled from a year earlier to 896,000 ringgit as sales climbed, according to a stock exchange statement. Pensonic declined 3.6 percent to 68 sen.
SEG International Bhd. (SYS) : The college operator’s first-quarter net income surged 91 percent from a year earlier to 18.1 million ringgit as sales rose, according to a company statement. SEG also plans a share split by subdividing each share into two, it said in a separate statement. The stock gained 2.1 percent to 3.97 ringgit.
Unimech Group Bhd. (UGB) : The engineering group proposed a final dividend of 3.6 sen a share for the year ended Dec. 31, 2010, according to a company statement. The stock was unchanged at 87 sen.
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