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Bina Puri, KUB, Malaysia Steel, Tenaga: Malaysia Equity Preview

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Jan. 21 (Bloomberg) -- Shares of the following companies may have unusual price changes in Malaysia trading. Stock symbols are in parentheses, and share prices are as of 5 p.m. in Kuala Lumpur on Jan. 19.

Malaysia’s FTSE Bursa Malaysia KLCI Index fell 0.2 percent to 1,566.51. The market was shut yesterday for a public holiday.

Bina Puri Holdings Bhd. (BIN MK): The construction company said it won a 62.8 million-ringgit ($21 million) contract from Nuvo Line Agency Co. to help build a condominium in Thailand. Bina Puri added 2.7 percent to 1.50 ringgit.

KUB Malaysia Bhd. (KUBM MK): The investment holding group and Malaysia Steel Works (KL) Bhd. (MSW MK) agreed to form a joint venture to build and operate a 100-kilometer (62 miles) commuter train network costing more than 1 billion ringgit. The rail network will link Malaysia’s southern Johor state with Singapore, KUB said in a statement. months, KUB added 7.5 percent to 93.5 sen. Malaysia Steel added 6 percent to 1.42 ringgit.

KAF-Seagroatt & Campbell Bhd. (KAF MK): The stock brokerage said profit in the second quarter ended Nov. 30 was little changed at 7.16 million ringgit compared with 7.02 million ringgit a year earlier. KAF slid 3.9 percent to 1.48 ringgit.

Tenaga Nasional Bhd. (TNB MK): Malaysia’s biggest power producer said profit in the three months ended Nov. 30 rose 0.9 percent from a year earlier to 712.9 million ringgit. Profit could fall as much as 20 percent this financial year as the cost of coal used in power stations surges, Tenaga Chief Executive Officer Che Khalib Mohamad Nor told reporters in Kuala Lumpur. Tenaga was unchanged at 6.49 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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