Wednesday, May 26, 2010

Malaysia Equity Preview - May 27,2010

May 27 (Bloomberg) -- 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 fell for a ninth day, sliding 0.1 percent to 1,248.94, the longest losing streak since March 20, 2001.

Bintai Kinden Corp. (BKC MK): The Malaysian engineering group said it won a $32.4 million contract to provide mechanical and electrical works for the proposed Indochina Plaza project in Hanoi, Vietnam. Bintai was unchanged at 32 sen.

IJM Corp. (IJM MK): The construction, property and plantation group said fourth-quarter net income doubled to 111 million ringgit ($33.4 million) from 53.3 million ringgit a year earlier, helped by a foreign exchange translation gain of 57 million ringgit on its U.S. dollar denominated debt. IJM advanced 0.9 percent to 4.48 ringgit.

Kuala Lumpur Kepong Bhd. (KLK MK): The Malaysian palm oil producer said second-quarter net income almost doubled to 215.9 million ringgit ($65 million) from 112.7 million ringgit a year earlier on higher revenue. The stock added 0.1 percent to 15.58 ringgit.

Proton Holdings Bhd. (PROH MK): The Malaysian state- controlled carmaker said it had a profit of 22.8 million ringgit in the fiscal fourth quarter compared with a loss of 323 million ringgit a year earlier. Sales climbed to 2.26 billion ringgit from 1.4 billion ringgit, the company said in a statement.
Proton was unchanged at 4.44 ringgit.

SHL Consolidated Bhd. (SHLC MK): The Malaysian property developer said fourth-quarter net income more than doubled to
7.72 million ringgit from 2.9 million ringgit a year earlier, on higher sales. SHL fell 14 percent to 1.03 ringgit on May 25.

TRC Synergy Bhd. (TRC MK): The construction company said it secured a $9.36 million contract to build homes in Cambodia for Delta Garden Ltd. TRC added 1 percent to 1.03 ringgit.

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