Bloomberg News

Malaysian Stock Movers: Bintai, Maxis, Muhibbah, Pasdec, Sumatec

June 01, 2012

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 (FBMKLCI) fell 0.5 percent to 1,573.59, its first decline in seven days. The gauge rose 1.5 percent this week, a second straight weekly gain.

Bintai Kinden Corp. (BKC) advanced 10 percent to 37.5 sen, its steepest increase since March 29. The builder’s fourth-quarter net income jumped to 9.5 million ringgit ($3 million) from 46,000 ringgit a year earlier, it said in a statement.

Maxis Bhd. (MAXIS) , the country’s biggest mobile phone operator by market value, climbed 1.9 percent to 6.31 ringgit, a record close. First-quarter profit grew 6 percent from a year earlier to 572 million ringgit, it said in a stock-exchange filing. Maxis declared a dividend of 8 sen per share, it said.

Muhibbah Engineering (M) Bhd. (MUHI) dropped 2.5 percent to 1.18 ringgit, its sharpest decline since May 18. The builder’s first-quarter profit fell 9.2 percent from a year earlier to 16.5 million ringgit, it said in an exchange filing.

Pasdec Holdings Bhd. (PSD) surged 18 percent to 33.5 sen, its largest gain since Oct. 13. The property developer reported first-quarter profit of 9.5 million ringgit compared with a loss of 838,000 ringgit a year earlier, it said in a statement. The stock resumed trading today after Pasdec submitted outstanding audited financial statements.

Sumatec Resources Bhd. (SMTC) , an engineering group, slid 5 percent to 19 sen, the most since May 24. First-quarter net loss widened to 18.3 million ringgit from 1.1 million ringgit a year earlier, it said in an exchange filing.

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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