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Atlan, Bolton, Quality Concrete, Toyo: Malaysia Equity Preview

By Chan Tien Hin

May 24 (Bloomberg) -- 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 0.8 percent to 1,528.98.

Atlan Holdings Bhd. (ALN MK): The stamped metal components maker will buy Gardenia Success Sdn. for 56 million ringgit ($18 million) from its 51 percent-owned unit MHS Land Sdn., according to an exchange filing. Atlan fell 0.6 percent to 3.34 ringgit.

Bolton Bhd. (BOL MK): The property developer’s profit for the fourth quarter ended March 31 dropped 79 percent from a year earlier to 2.03 million ringgit, according to a company statement. The stock rise 1.9 percent to 1.05 ringgit.

Grand Central Enterprises Bhd. (GRND MK): The hotel operator agreed to sell a hotel building in Kuala Lumpur for 20.2 million ringgit, according to a company statement. The stock gained 3.1 percent to 66 sen.

Opcom Holdings Bhd. (OHB MK): The supplier of fiber optic cables extended a 359 million ringgit contract with Telekom Malaysia Bhd. that was received in April 2009 by a further two years, according to a stock exchange statement. The contract value remains unchanged, Opcom said. Opcom lost 2.4 percent to 82 sen.

Quality Concrete Holdings Bhd. (QC MK): The Malaysian building materials supplier said its joint venture with Puncak Niaga Holdings Bhd. (PNH MK) secured a 667.3 million ringgit contract to build and commission water supply facilities for the rural areas of Malaysia’s Sarawak state, according to a stock exchange statement. Quality Concrete last traded at 1.25 ringgit on May 20. Puncak lost 1.4 percent to 2.08 ringgit.

QL Resources Bhd. (QLG MK): The fishmeal producer and oil palm planter’s fourth-quarter profit ended March 31 rose 19 percent from a year earlier to 31.6 million ringgit as sales gained, according to a company statement. The stock dropped 2.6 percent to 3.34 ringgit.

MAA Holdings Bhd. (MAA MK): The insurer’s first-quarter profit more than tripled from a year earlier to 16.2 million ringgit, it said in a statement. The stock declined 4.6 percent to 1.26 ringgit.

Taliworks Corp. (CI MK): The water treatment plant operator’s first-quarter net income dropped 57 percent from a year earlier to 8.5 million ringgit, the company said in a statement. The shares fell 0.9 percent to 1.13 ringgit.

Toyo Ink Group Bhd. (TOYO MK): The printing ink manufacturer had a net loss of 193,000 ringgit in the fourth quarter ended March, compared with a profit of 1.28 million ringgit a year earlier, according to a stock exchange filing. Toyo fell 0.6 percent to 1.71 ringgit.

YNH Property Bhd. (YNHB MK): The property developer’s first-quarter net income rose 6.9 percent from a year earlier to 15.8 million ringgit, according to a company statement. The stock dropped 1 percent to 1.96 ringgit.

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