Apex, Favelle, KLCC, Kossan, Tanjung: 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 (FBMKLCI) Index rose 0.2 percent to 1,544.02.
Apex Healthcare Bhd. (APEX) : The pharmaceutical maker and distributor said first-quarter net income rose 33 percent from a year earlier to 8.9 million ringgit ($3 million), according to a stock exchange filing. Apex last traded at 3 ringgit on May 18.
CB Industrial Product Holding Bhd. (CBP) : The farm equipment maker won a 38.3 million-ringgit contract to supply a palm oil mill, according to a company statement. The stock declined 0.7 percent to 4.30 ringgit.
Favelle Favco Bhd. (FFB) : The Malaysian crane maker said in a statement that it received orders totaling 50.3 million ringgit. Favelle added 0.7 percent to 1.40 ringgit.
KLCC Property Holdings Bhd. (KLCC) : The owner of Kuala Lumpur’s Petronas Twin Towers said fourth-quarter net income fell 64 percent to 166.4 million ringgit. This was mainly due to a lower fair value adjustment, the company said in an exchange filing. The stock slipped 0.6 percent to 3.28 ringgit.
Kossan Rubber Industries (KRI) Bhd: The rubber-glove maker said first-quarter net income fell 24 percent to 23 million ringgit in the three months ended March 31. This was due to higher latex costs, the company said in an exchange filing. Kossan climbed 1.6 percent to 3.23 ringgit.
Malton Bhd. (MALT) : The property developer’s profit in the third quarter ended March 31 surged sevenfold to 26.3 million ringgit from 3.65 million ringgit a year earlier, according to a stock exchange filing. Malton jumped 3.4 percent to 76.5 sen.
Star Publications (Malaysia) Bhd. (STAR MK): The newspaper publisher agreed to buy Capital FM Sdn., a Malaysian radio broadcaster, for 15 million ringgit, the company said in a statement. Star retreated 0.3 percent to 3.38 ringgit.
Tanjung Offshore Bhd. (TOFF) : The oil and gas services provider had a loss of 3.29 million ringgit compared with a profit of 3.05 million ringgit a year earlier as sales fell, according to a company statement. The stock dropped 2.6 percent to 1.11 ringgit.