Malaysian Stocks: Berjaya, Cypark, Integrated Rubber, Trinity
The FTSE Bursa Malaysia KLCI Index rose 0.5 percent to 1,514.01, on course for its highest close since Aug. 5. The benchmark gauge is headed for its seventh day of gains, the longest winning streak since an eight-day rally through Aug. 24, 2010. The index has fallen 0.3 percent this year, set for its first annual loss in three years.
Berjaya Corp. (BC) , a property, insurance and gaming group, dropped 1.1 percent to 94.5 sen, set for its lowest close since Sept. 26. Second-quarter net income fell 73 percent from a year earlier to 23 million ringgit ($7.2 million), according to a stock exchange filing.
Cypark Resources Bhd. (CYP) , an environmental and landscaping services provider, climbed 4.3 percent to 1.47 ringgit, bound for its largest gain since Nov. 14. The company won a 14.7 million-ringgit landfill upgrading contract, it said in a statement.
Integrated Rubber Corp. (IRCB) , a manufacturer of examination gloves, fell 3 percent to 16 sen, headed for its steepest decline since Dec. 21. The company had a third-quarter net loss of 5.3 million ringgit, compared with a profit of 2.9 million ringgit a year earlier, according to a statement to the stock exchange.
Trinity Corp. (TRBH) (TRBH MK), a property developer formerly known as Talam Corp., fell 7.7 percent to 6 sen. Trinity had a net loss of 29.3 million ringgit in the third quarter, compared with a profit of 1.2 million ringgit in the second quarter, according to a stock exchange filing. It posted a net loss of 83.3 million ringgit a year earlier, it said.
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