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Malaysia Stocks: Berjaya, CSC Steel, Genting, Magna, Scomi

By Chan Tien Hin

Feb. 8 (Bloomberg) -- Malaysia’s FTSE Bursa Malaysia KLCI Index fell for a third day, losing 2.23, or 0.2 percent, to 1,245.67 at 9:25 a.m. local time, set for its lowest close since Nov. 3.

Berjaya Corp. (BC MK), a Malaysian property, betting and insurance group, rose 3.3 percent to 1.26 ringgit, bound for the highest close since Jan. 25. The Edge weekly newspaper reported it may receive a Vietnam gaming license.

CSC Steel Holdings Bhd. (CSCS MK), a steel product producer, climbed 3.9 percent to 1.59 ringgit, set for the highest close since May 16, 2008. The company swung to a profit of 37.1 million ringgit from a loss of 42.1 million ringgit after sales climbed.

Genting Bhd. (GENT MK), Asia’s largest publicly traded casino operator, rose 2.1 percent to 6.92 ringgit, set for the steepest gain since Dec. 2. Its Singapore unit obtained a casino license from the Singapore government for its resort on an island south of the city-state.

Magna Prima Bhd. (MAGNA MK), a property developer, rose 3.1 percent to 1.01 ringgit, the third gain in four days. The Edge newspaper reported that Magna plans to build a 1.3 billion ringgit ($377 million) twin-tower complex in Kuala Lumpur.

Scomi Marine Bhd. (SMB MK), a marine transport services operator, added 2.1 percent to 48.5 sen, heading for the largest increase in more than a week. The company said it agreed to sell a 29 percent stake in CH Offshore Ltd. to Falcon Energy Group for S$143.5 million in cash.

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