Asia Bioenergy, ECS, Hwang-DBS, Jaya: 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.

The FTSE Bursa Malaysia KLCI Index fell 0.1 percent to 1,514.25.

Asia Bioenergy Technologies Bhd. (ABIO MK): The investment group received approval from the stock exchange for an extension of up to six months to complete a share placement, according to a company statement. Asia Bioenergy was unchanged at 6.5 sen.

ECS ICT Bhd. (ECS MK): The distributor of computer-related products said it was awarded distribution rights for Apple Inc.’s iPad in the Southeast Asian nation. ECS was unchanged at 1.54 ringgit.

Hwang-DBS (Malaysia) Bhd. (HDBS MK): The stock brokerage said net income in the second quarter ended Jan. 31 rose 38 percent from a year earlier to 23.2 million ringgit ($7.7 million), according to a stock exchange filing. The company proposed an interim dividend of 5 sen a share, compared with 2.5 sen a year earlier, it said. The stock gained 1.8 percent to 2.25 ringgit.

Jaya Tiasa Holdings Bhd. (JT MK): The timber producer and oil palm planter said net income in the third quarter ended Jan. 31 almost tripled from a year earlier to 39.9 million ringgit on higher selling prices. Jaya rallied 6.2 percent to 6.16 ringgit.

SapuraCrest Petroleum Bhd. (SCRES MK): The oil and gas services provider said profit in the fourth quarter ended Jan. 31 surged 79 percent from a year earlier to 72.7 million ringgit, according to a statement to the stock exchange. The company proposed a final dividend of 5.5 sen a share, compared with 4 sen a share a year earlier. The stock fell 1.1 percent to 3.55 ringgit.

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