Genting, Petronas Chemicals, Star, YTL: Malaysia Equity Preview
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.
The FTSE Bursa Malaysia KLCI (FBMKLCI) Index rose 0.5 percent to 1,540.94.
Boustead Heavy Industries Corp. (BHIC MK): The shipbuilder’s first-quarter profit dropped 36 percent from a year earlier to 10.1 million ringgit ($3.3 million), according to a company statement. The shares were unchanged at 4.23 ringgit.
Cahya Mata Sarawak Bhd. (CMS) : The builder’s first- quarter profit more than doubled from a year earlier to 30.6 million ringgit as sales climbed, according to a company statement. The stock added 2.8 percent to 2.20 ringgit.
Genting Bhd. (GENT) : Asia’s third-biggest casino operator by market value said first-quarter profit more than trebled to 824.2 million ringgit, bolstered by higher takings at its Singapore gambling resort and Malaysian plantations business, according to a stock exchange filing. The stock gained 1.5 percent to 11.10 ringgit.
KNM Group Bhd. (KNMG) : The oil and gas services Provider’s first-quarter profit dropped 53 percent from a year earlier to 19 million ringgit, the company said in a statement. KNM also won a $71.6 million-ringgit contract to build a booster compressor station for Lukoil Uzbekistan Operating Company, it said in a separate statement. The stock gained 1.2 percent to 2.53 ringgit.
Kumpulan Fima Bhd. (FIMA) : The manufacturing, property and plantation group said profit in the fourth quarter ended March 31 rose 53 percent from a year earlier to 18.8 million ringgit, a stock filing showed. Kumpulan Fima lost 0.6 percent to 1.71 ringgit.
Malaysian Resources Corp. (MRC MK): The builder and property group’s first-quarter net income more than doubled to 21.6 million ringgit, according to a company statement. The shares were unchanged at 2.16 ringgit.
Petronas Chemicals Group Bhd. (PCHEM) : Malaysia’s third- biggest listed company by market value said fourth-quarter net income rose 5.6 percent to 932 million ringgit. The stock added 0.4 percent to 7.16 ringgit.
Perisai Petroleum Teknologi Bhd. (PPT) : The oil and gas services provider’s first-quarter profit climbed 17 percent from a year earlier to 7.22 million ringgit, according to a company statement. The stock advanced 0.7 percent to 74.5 sen.
Star Publications Malaysia Bhd. (STAR) : The newspaper publisher said first-quarter net income grew 6.5 percent to 40.3 million ringgit. This was due to lower operating costs, the company said in an exchange filing. The stock was unchanged at 3.35 ringgit.
YTL Corp. (YTL MK): The construction and utilities group said third-quarter net income fell 5.6 percent to 312.1 million ringgit, according to a company statement. The shares added 3.9 percent to 1.62 ringgit.
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