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Adventa, Axiata, Berjaya, George Kent: Malaysia Stock 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 0.3 percent to 1,575.01, a record close.

Adventa Bhd. (ADV) : The rubber glove maker’s profit in the second quarter ended April 30 dropped 29 percent from a year earlier to 4.59 million ringgit ($1.5 million), according to a company statement. The stock slid 2.5 percent to 1.95 ringgit.

Axiata Group Bhd. (AXIATA) : The Employees Provident Fund, Malaysia’s biggest pension fund, sold 3.59 million shares in the mobile-phone operator, a stock exchange filing showed. The stock gained 0.6 percent to 5 ringgit.

Berjaya Corp. (BC MK): The Malaysian property, insurance and gaming group said profit in the fourth quarter ended April 30 fell 28 percent from a year earlier to 103.6 million ringgit, the company said in a statement. Berjaya climbed 1.7 percent to 1.20 ringgit.

George Kent (Malaysia) Bhd. (GKEN MK): The Malaysian water treatment company and supplier of water tanks said profit in the first quarter ended April 30 rose 9.8 percent from a year earlier to 3.07 million ringgit, according to a stock exchange filing. George Kent was unchanged at 1.15 ringgit.

Integrated Rubber Corp. (IRCB MK): The manufacturer of examination gloves had a net loss of 5.92 million ringgit in the first quarter ended April 30, compared with a profit of 326,000 ringgit a year earlier, because of higher material costs and a weaker dollar, it said in a statement. The stock fell 2.7 percent to 18 sen.

Quality Concrete Holdings Bhd. (QC MK): The building materials supplier had a profit of 289,000 ringgit in the first quarter ended April 30, compared with a net loss of 40,000 ringgit, as sales surged, according to a company statement. The stock was unchanged at 1.25 ringgit.

United Malacca Bhd. (UMR) : The oil palm and rubber producer’s profit in the fourth quarter ended April 30 surged 60 percent to 22.8 million ringgit, according to a company statement. United Malacca slipped 0.1 percent to 6.97 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 at dboey@bloomberg.net

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