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Malaysia Stocks: Cepatwawasan, ECS ICT, MHC, Malaysia Building

By Chan Tien Hin

Aug. 4 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the 5 p.m. local-time close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 1.79 points, or 0.1 percent, to 1,546.89, its first gain in three days.

Cepatwawasan Group Bhd. (CWG MK), an oil-palm grower, rose 2.7 percent to 1.55 ringgit, its highest close since Jan. 13, after second-quarter net income surged to 13.6 million ringgit ($4.57 million) from 2.77 million ringgit a year earlier.

ECS ICT Bhd. (ECS MK), a distributor of computer-related products, slid 2.8 percent to 1.38 ringgit, the lowest close since March 15, after second-quarter profit fell 28 percent to 5.6 million ringgit.

MHC Plantations Bhd. (MHC MK), an oil-palm and rubber planter, gained 3.2 percent to 1.29 ringgit, the most since June 8. Second-quarter profit almost tripled to 9 million ringgit from 3.15 million ringgit a year earlier, it said in a statement.

Malaysia Building Society Bhd. (MBS MK), a mortgage financing provider, advanced 3.6 percent to 1.74 ringgit, its highest close since May 3. RHB Research Institute Sdn. increased the stock’s “fair value” to 2.60 ringgit from 2.06 ringgit to reflect the company’s growth prospects, it said in a report today.

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