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Malaysia Stocks: Alam Maritim, KKB, Petronas Dagangan, Utusan

By Chan Tien Hin

Aug. 12 (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. trading close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index rose 7.21 points, or 0.5 percent, to 1,483.67. The gauge fell 2.7 percent this week, its fifth straight drop, the longest weekly losing streak since October 2008.

Alam Maritim Resources Bhd. (AMRB MK), an oil and gas marine services provider, climbed 4 percent to 79 sen, its biggest gain since April 20. Alam won contracts totaling 20.2 million ringgit ($6.8 million) from local companies including Petronas Carigali Sdn., according to an exchange filing.

KKB Engineering Bhd. (KKB MK), an engineering and construction group, rose 1.8 percent to 1.73 ringgit. KKB won a 19.4 million-ringgit contract to supply water pipes and fittings to Kumpulan Bina Emas Sdn., according to a company statement.

Petronas Dagangan Bhd. (PETD MK), the retailing arm of Malaysia’s state oil and gas company, climbed 1.5 percent to 16.78 ringgit, the most since July 20. Petronas Dagangan has started selling fuel oil in Indonesia, and announced a dividend payout target of about 55 percent of profit, Norziana Mohd Inon, an analyst at CIMB Group Holdings Bhd., wrote in a report today.

Utusan Melayu (Malaysia) Bhd. (UTUS MK), a newspaper publisher, added 3.5 percent to 74 sen after saying its net loss in the second quarter narrowed to 473,000 ringgit, from 5.07 million ringgit a year earlier.

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