Concrete Engineering, Daibochi, WCT: 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 declined 0.4 percent to 1,551.91.
Concrete Engineering Products Bhd. (CEP) : The building materials supplier posted a profit of 6.24 million ringgit ($2.1 million) in the third quarter ended May 31, compared with a loss of 197,000 ringgit a year earlier, according to a company statement. The stock last traded at 2.14 ringgit on July 26.
Daibochi Plastic & Packaging Industry Bhd. (DPP) : The maker of plastic bags and packaging materials said second- quarter profit rose 19 percent from a year earlier to 4.98 million ringgit, a stock exchange filing showed. Daibochi was unchanged at 2.89 ringgit.
Formis Resources Bhd. (FMRB) : Red Zone Development Sdn. emerged as a substantial shareholder in Formis after buying a 16.4 percent stake in the software company, a stock exchange filing showed. Formis was unchanged at 78 sen.
KKB Engineering Bhd. (KKB) : The engineering and construction group said second-quarter net income fell 13 percent to 11.7 million ringgit as revenue declined, according to a company statement. KKB lost 1.5 percent to 1.99 ringgit.
New Hoong Fatt Holdings Bhd. (NHF) : The auto-parts supplier said second-quarter net income fell 16 percent to 7.07 million ringgit, according to a stock exchange statement. The shares rose 0.4 percent to 2.31 ringgit.
SEG International Bhd. (SYS) : The college operator’s second-quarter net income surged 68 percent from a year earlier to 18.1 million ringgit as sales rose, according to a company statement. The shares gained 1.1 percent to 1.93 ringgit.
WCT Bhd. (WCT MK): The Malaysian builder received a 115.1 million-ringgit earthworks services contract from Vale Malaysia Manufacturing Sdn., according to a company statement. WCT slid 0.3 percent to 3.06 ringgit.
To contact the editor responsible for this story: Darren Boey at email@example.com