Eastern, IJM, IOI, Malaysian Bulk, RHB: 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 (FBMKLCI) Index fell 0.9 percent to 1,469.15.
Eastern Pacific Industrial Corp. (EPIC MK): The Malaysian oil and gas services provider received a buyout offer at 3.10 ringgit a share, according to a company statement. Lembaga Tabung Amanah Warisan Negeri Terengganu and Pembinaan PTB Sdn. made the joint offer, it said. Eastern Pacific last traded at 2.93 ringgit before it was suspended.
Fajarbaru Builder Group Bhd. (FBC) : The builder’s net income in the fourth quarter ended June 30 tumbled 80 percent from a year earlier to 2.06 million ringgit ($690,000), according to a company statement. The shares slipped 0.5 percent to 95.5 sen.
Genting Plantations Bhd. (GENP) : The palm oil producer’s second-quarter profit almost doubled to 139.9 million ringgit, it said in a statement. The stock was unchanged at 7.04 ringgit.
IOI Corp. (IOI MK): The palm oil planter said fourth- quarter net income rose to 547.8 million ringgit from 547.1 million ringgit a year earlier, according to a stock filing. IOI added 0.7 percent to 4.67 ringgit.
IJM Corp. (IJM MK): The builder said first-quarter net income increased 34 percent to 115 million ringgit as revenue advanced, according to an exchange filing. IJM fell 0.2 percent to 5.81 ringgit.
Iris Corp. (ICB MK): The supplier of smart cards said second-quarter profit dropped 31 percent to 5.85 million ringgit, a stock filing showed. Iris was unchanged at 15 sen.
Malaysian Bulk Carriers Bhd. (MBC) : The vessel operator said second-quarter profit dropped 31 percent from a year earlier to 21.9 million ringgit, according to a company statement. The stock slid 1 percent to 2.01 ringgit.
Media Prima Bhd. (MPR) : The newspaper publisher and broadcaster said second-quarter net income rose 21 percent from a year earlier to 44.4 million ringgit, according to a stock exchange filing. The stock climbed 0.4 percent to 2.76 ringgit.
RHB Capital Bhd. (RHBC) : Malaysia’s fifth-largest lender said that second-quarter profit advanced 16 percent to 394.6 million ringgit, boosted by increased earnings from lending and Islamic banking business, according to a company statement. RHB Capital fell 0.9 percent to 8.90 ringgit.
Tanjung Offshore Bhd. (TOFF) : The oil and gas services provider said second-quarter profit more than doubled from a year earlier to 7.14 million ringgit, according to a company statement. The stock dropped 4 percent to 85 sen.
United Malayan Land Bhd. (UML) : The Malaysian property Developer’s second-quarter profit more than doubled from a year earlier to 10.3 million ringgit, it said in a statement. The stock fell 1.5 percent to 1.35 ringgit.
To contact the editor responsible for this story: Darren Boey at email@example.com