Malaysia Equity Preview - June 25,2010

June 25 (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 0.3 percent to 1,325.87.

Genetec Technology Bhd. (GENE MK): The Malaysian industrial automated equipment maker said it won orders worth 13.5 million ringgit ($4.2 million) from its existing clients in the hard disk drive industries. Genetec dropped 2 percent to 25 sen.

Gamuda Bhd. (GAM MK): The construction and infrastructure company said third-quarter net income rose 58 percent from a year earlier to 73 million ringgit on higher contributions from all its divisions. Construction projects are progressing on schedule and the property market is recovering, it said in a statement. Gamuda added 0.3 percent to 3.21 ringgit.

Goldis Bhd. (GOLD MK): The investment company and information technology services provider said profit in the first quarter ended April 30 fell 49 percent from a year earlier to 4.24 million ringgit. Goldis was unchanged at 1.29 ringgit.

IJM Land Bhd. (IJMLD MK): The Malaysian property developer said it agreed to sell a company that owns a shopping mall in Melaka state for 66.3 million ringgit. The stock lost 1.8 percent to 2.16 ringgit.

IOI Corp. (IOI MK): The Employees Provident Fund, Malaysia’s largest pension fund, disclosed net sales of 3.4 million shares in IOI, the nation’s second-biggest listed palm oil producer, a stock exchange filing showed. The sales, made between June 17 and 18, trimmed the fund’s stake to 13.5 percent, according to the filing. IOI added 0.4 percent to 5.11 ringgit.

KFC Holdings (Malaysia) Bhd. (KFC MK): The country’s biggest fast-food operator said it bought 4.6 million shares in Al-’Aqar KPJ REIT (AQAR MK), an Islamic property trust, for 4.86 million ringgit. KFC bought the shares in the open market, it said in a statement. KFC added 0.8 percent to 10.06 ringgit.

SapuraCrest Petroleum Bhd. (SCRES MK): The Malaysian oil and gas services provider said profit in the first quarter ended April 30 jumped 99 percent from a year earlier to 50.7 million ringgit on higher sales. The stock dropped 0.5 percent to 2.23 ringgit.