Eng, KNM, NCB Holdings, Sunway, Ta Ann: 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.
Malaysia’s FTSE Bursa Malaysia KLCI (FBMKLCI) Index fell 0.8 percent to 1,472.16.
Eng Teknologi Holdings Bhd. (ENG MK): The Malaysian electronic components maker’s second-quarter net income dropped 56 percent to 5.57 million ringgit ($1.9 million) from a year earlier, it said in a company statement. The stock gained 0.5 percent to 2.16 ringgit.
Evergreen Fibreboard Bhd. (EVF) : The panel-board maker said second-quarter profit slid 66 percent to 12.5 million ringgit, according to a stock exchange filing. The shares fell 3.7 percent to 1.03 ringgit.
Kuala Lumpur Kepong Bhd. (KLK) : The palm oil producer plans to sell as much as 300 million ringgit of bonds through a program, it said in a statement. The shares lost 0.8 percent to 21.26 ringgit.
KNM Group Bhd. (KNMG) : The oil and gas services provider’s second-quarter net income fell 23 percent to 10.9 million ringgit, it said in a statement. KNM dropped 2 percent to 1.48 ringgit.
MNRB Holdings Bhd. (MNRB) : The reinsurance company’s profit in the first quarter ended June 30 surged 64 percent from a year earlier to 43 million ringgit, the company said in a statement. The stock fell 1 percent to 2.96 ringgit.
NCB Holdings Bhd. (NCB) : The port operator’s second- quarter profit dropped 34 percent from a year earlier to 23.4 million ringgit, according to a company statement. NCB fell 2.3 percent to 3.76 ringgit.
Sunway Bhd. (SWB MK): The property and construction group will make its debut on the stock exchange. Sunway was formed to acquire Sunway Holdings Bhd. and Sunway City Bhd. as part of a 4.5 billion ringgit merger. Sunway bought the property and construction companies by offering cash and new shares at 2.80 ringgit each, according to its prospectus dated Aug. 18.
Ta Ann Holdings Bhd. (TAH) : The timber company said second-quarter net income surged to 50.7 million ringgit from 7.48 million ringgit a year earlier as sales jumped, according to a company statement. Its shares gained 0.6 percent to 5.28 ringgit.
Tradewinds Corp. (TWC MK): The property, construction and financial services group said second-quarter net income declined 31 percent to 7.84 million ringgit, a stock filing showed. The stock fell 0.6 percent to 77.5 sen.