Bloomberg News

Malaysian Stocks: Cypark, Integrated Rubber, QSR Brands, Trinity

December 30, 2011

Dec. 30 (Bloomberg) -- Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.

The FTSE Bursa Malaysia KLCI Index jumped 1.6 percent to 1,530.73, its highest close since Aug. 4. The benchmark gauge climbed 0.8 percent this year, its third straight year of gains and the longest winning streak since 1993.

Cypark Resources Bhd. (CYP MK), an environmental and landscaping services provider, climbed 2.8 percent to 1.45 ringgit, its highest close since Dec. 5. The company won a 14.7 million-ringgit ($4.6 million) landfill upgrading contract, it said in a statement.

Integrated Rubber Corp. (IRCB MK), a manufacturer of examination gloves, fell 3 percent to 16 sen, 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.

QSR Brands Bhd. (QSR MK), a fast-food restaurants operator, added 1.1 percent to 6.50 ringgit, its highest close since Aug. 1. The Malay Chamber of Commerce Malaysia plans to offer 6.90 ringgit per share for Kulim (Malaysia) Bhd.’s (KUL MK) controlling stake in QSR, the chamber’s President Syed Ali Alattas said in a telephone interview. That’s higher than an existing 6.80 ringgit-per-share bid made by CVC Capital Partners Ltd. and Johor Corp. on Dec. 14. Kulim rose 3.7 percent to a record close of 4.22 ringgit.

Trinity Corp. (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.

--Editor: Chan Tien Hin

To contact the reporter on this story: Gan Yen Kuan in Kuala Lumpur at ykgan@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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