Malaysian Stocks: Kejuruteraan Samudra, Silver Bird, Zhulian
Stock Chart for Kejuruteraan Samudra Timur Bhd (KSTB)
The FTSE Bursa Malaysia KLCI Index (FBMKLCI) rose 0.2 percent to 1,603.79. The gauge has gained 0.3 percent this week.
Kejuruteraan Samudra Timur Bhd. (KSTB) , an oil and gas services provider, added 2.9 percent to 18 sen, bound for its highest close since March 30. The company won a contract to provide tubular-handling equipment and services to Talisman Malaysia Ltd. and signed a time-charter agreement to lease a drilling rig to PT Duta Adhikarya Negeri, Kejuruteraan Samudra said in separate stock exchange filings.
Silver Bird Group Bhd. (SBG) , a bread maker, fell 2.6 percent to 19 sen. The company obtained a court order restraining its creditors from suing or winding up its Stanson Marketing Sdn. unit for 90 days, Silver Bird said in a statement. Forensic investigations into financial irregularities at the group are continuing, it said.
Zhulian Corp. (ZHCB) , a multi-level marketing company, advanced 3.7 percent to 1.97 ringgit, poised for its highest close since Jan. 31. The company’s first-quarter net income grew 29 percent from a year earlier to 28.4 million ringgit, according to an exchange filing.
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