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Berjaya, CCK, DBE Gurney, KKB, Mulpha: Malaysia Equity Preview

By Chan Tien Hin

Sept. 13 (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.

Malaysia’s FTSE Bursa Malaysia KLCI Index fell 1.6 percent to 1,446.26.

Berjaya Media Bhd. (BMED MK): The newspaper publisher’s profit in the first quarter ended July 31 fell 81 percent from a year earlier to 645,000 ringgit ($213,000), it said in a statement. The stock fell 4.4 percent to 54 sen.

CCK Consolidated Holdings Bhd. (CCK MK): The poultry processing company proposed a final dividend of 3.5 sen a share for its financial year ended June 30, it said in a statement. The stock fell 0.6 percent to 79 sen.

DBE Gurney Resources Bhd. (DBE MK): The poultry company plans signed a preliminary agreement to sell land and a processing plant to Mutiara Bernas (M) Sdn. for 30 million ringgit, according to a stock exchange filing. DBE was unchanged at 7 sen.

KKB Engineering Bhd. (KKB MK): The engineering and construction group won a 14.2 million-ringgit contract to supply water pipes and a 16.5 million ringgit order to supply gas cylinders, according to a company statement. KKB lost 1.2 percent to 1.64 ringgit.

Mulpha Land Bhd. (MGP MK): The Malaysian property developer postponed a rights offer because of the current “uncertain” market conditions. Mulpha has asked the stock exchange for an extension of six months from Nov. 19 to implement the sale of shares, it said in a statement. The stock last traded at 45 sen on Sept. 9.

TMC Life Sciences Bhd. (TMCL MK): The health-care provider plans to raise 60.2 million ringgit from a rights offer with warrants to help repay debt and fund working capital, it said in a statement. TMC fell 3.8 percent to 38.5 sen.

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