Bina, Dayang, Key West, NTPM, Tenaga: Malaysia Equity Preview
The following companies may have unusual price changes in Malaysia trading. Stock symbols are in parentheses, and share prices are from the most recent close. Malaysia’s FTSE Bursa Malaysia KLCI Index rose 0.6 percent to 1,510.06.
Bina Puri Holdings Bhd. (BIN MK): The builder said it won two overseas building contracts valued at 38.2 million ringgit ($12.2 million). Bina secured a 19.9 million ringgit water pipeline contract in Saudi Arabia and an 18.28 million ringgit job to build a warehouse in Thailand, the company said in separate statements. Bina gained 2.3 percent to 1.33 ringgit.
Dayang Enterprise Holdings Bhd. (DEHB MK): The oil and gas services provider said it agreed to sell a 40 percent stake in Syarikat Borcos Shipping Sdn. for 135 million ringgit. Dayang rose 3.4 percent to 2.78 ringgit.
Excel Force MSC Bhd. (EFM MK): The software company said it won approval to transfer its listing to the Kuala Lumpur stock exchange’s main board. Excel Force was unchanged at 45 sen.
Key West Global Telecommunications Bhd. (KWGT MK): The telecommunications products and services provider said it may sell unprofitable units and diversify after two consecutive years of losses. The group will implement strategies to increase sales and profit margins through cost management, the company added in a statement after the stock exchange queried recent volatility in the share price. Key West rose 6.7 percent to 8 sen, after falling 40 percent on Dec. 6.
NTPM Holdings Bhd. (NTPM MK): The tissue-paper maker said fiscal second-quarter net income fell 15 percent from a year earlier to 12.3 million ringgit, according to an exchange filing. NTPM was unchanged at 56.5 sen.
Tenaga Nasional Bhd. (TNB MK): Malaysia’s biggest power producer said it signed a cooperation agreement with Yemen’s National Trading Company, part of the Hayel Saeed Anam group of companies. The two will work to identify joint projects in the Middle Eastern country, according to an exchange filing. Tenaga rose 1.7 percent to 8.58 ringgit.
To contact the editor responsible for this story: Darren Boey in Hong Kong at email@example.com