Bumi Armada, Bina, Genting, MWE, YTL: 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.

Malaysia’s FTSE Bursa Malaysia KLCI Index (FBMKLCI) fell 0.3 percent to 1,464.74.

Bumi Armada Bhd. (BAB) : The Malaysian oil and gas services company said net income fell 18 percent from a year earlier to 60.3 million ringgit ($20 million), according to a company statement. The shares fell 2.8 percent to 3.80 ringgit.

Bina Goodyear Bhd. (BGB) : The builder and developer said its net loss in the fourth quarter ended June 30 widened to 15.7 million ringgit from 2.5 million ringgit a year earlier after sales dropped, according to a company statement. Bina slid 7.5 percent to 80 sen.

Formis Resources Bhd. (FMRB) : The software company’s profit in the first quarter ended June 30 rose 23 percent from a year earlier to 8 million ringgit, it said in a stock exchange filing. Formis was unchanged at 75.5 sen.

Genting Bhd. (GENT) : The casino, power and plantation group said second-quarter profit fell 9 percent to 673.2 million ringgit, dragged down by lower takings at its Singapore gaming resort. The stock rose 2.7 percent to 9.78 ringgit.

MWE Holdings Bhd. (MWE) : The yarn and fabric manufacturer’s second-quarter net income climbed 2.1 percent from a year earlier to 12.2 million ringgit, the company said in a statement. MWE slid 0.8 percent to 1.19 ringgit.

Sarawak Plantation Bhd. (SPLB) : The oil palm grower said second-quarter profit more than doubled from a year earlier to 22.6 million ringgit, according to a stock exchange filing. The stock added 1.4 percent to 2.24 ringgit.

WTK Holdings Bhd. (WTKH) : The timber producer said second-quarter profit tripled from a year earlier to 21.3 million ringgit, it said in a company statement. WTK climbed 2.3 percent to 1.34 ringgit.

YTL Corp. (YTL) : The construction, property and utilities group said fourth-quarter net income almost tripled to 304 million ringgit from 102.4 million ringgit a year earlier, according to an exchange filing. YTL dropped 0.8 percent to 1.33 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 in Hong Kong at dboey@bloomberg.net;

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