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Malaysia Stocks: Alam, Scomi, Sime, TRC, Bina Puri, Telekom

By Chan Tien Hin

Nov. 29 (Bloomberg) -- Malaysia’s FTSE Bursa Malaysia KLCI Index rose 3.90, or 0.3 percent, to 1,495.95 at the 5 p.m. close in Kuala Lumpur.

Alam Maritim Resources Bhd. (AMRB), a Malaysian oil and gas services group, fell 2.7 percent to 1.09 ringgit, its lowest close since Oct. 22. The company announced a 65 percent drop in third-quarter net income to 8.9 million ringgit ($2.8 million).

Scomi Group Bhd. (SGB MK), an oil and gas services provider, dropped 8.9 percent to 36 sen, its steepest decline since June 22, 2009, after the company had a loss of 166.5 million ringgit in the third quarter compared with a profit a year earlier.

Scomi Marine Bhd. (SMB MK), a marine vessel transport services operator, slid 4.9 percent to 48.5 sen, the most since July 22. The company said it had a loss of 284.7 million ringgit in the third quarter compared with a profit of 25.5 million ringgit a year earlier.

Sime Darby Bhd. (SIME MK), the world’s biggest publicly traded palm oil producer, added 1 percent to 8.80 ringgit, its largest gain since Nov. 8. The company reported a profit of 654.7 million ringgit for the three months to September after two quarterly losses caused by writedowns from project overruns.

Telekom Malaysia Bhd. (T MK), a fixed-lined phone operator, advanced 1.2 percent to 3.39 ringgit, the steepest increase since Oct. 12. The company said third-quarter net income more than doubled to 438.5 million ringgit from 179.1 million ringgit a year earlier, bolstered by a one-time gain from the sale of its stake in Measat Global Bhd.

TRC Synergy Bhd. (TRC MK), a builder, gained 1.4 percent to 1.44 ringgit, its highest close since Nov. 11, after the company won a 950 million ringgit contract to build the Kelana Jaya railway extension in Malaysia. Bina Puri Holdings Bhd. (BIN MK) climbed 4.6 percent to 1.36 ringgit after its joint venture received a 634.7 million ringgit contract to build a 17.7 kilometer light-rail extension on the Ampang line.

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