Tuesday, December 4, 2012

MALAYSIA DAYBOOK: Bintai Kinden, GD Express, Glomac, I

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MALAYSIA DAYBOOK: Bintai Kinden, GD Express, Glomac, IHH, KBB
2012-12-03 20:55:03.81 GMT


By Gan Yen Kuan
Dec. 4 (Bloomberg) -- Bintai Kinden Corp. won a 133.2
million-ringgit ($44 million) contract to undertake mechanical
and electrical works for a mixed development project in eastern
Sabah state, the builder said in a statement yesterday.

EQUITY MOVERS:
* Astino (ASTI MK): 1Q net income 7.3m ringgit vs 5.5m ringgit
yr earlier
* GD Express (GDX MK): Proposes switching listing to Main
Market from Ace Market
* Glomac (GLMC MK): 2Q profit 23.9m ringgit vs 23.8m ringgit
Y/y
* IHH Healthcare (IHH MK): Acibadem Poliklinikleri unit buys
100% of Turkish subsidiary Tolga Saglik for $1.5m
* KBB Resources (KBB MK): Says completion of investigative
audit further deferred to end-February
* Three-A Resources (TARE MK): Unit to buy land for 5m ringgit
* Trinity (TRBH MK): Credit rating downgraded to B-from B+ at
MARC

WHAT TO WATCH:
* Malaysian Institute of Economic Research's two-day economic
outlook conference starts in Kuala Lumpur; opening address
by Nor Mohamed Yakcop, head of Economic Planning Unit

MARKETS:
* FTSE Bursa Malaysia KLCI Index fell 0.2%
* The MSCI Asia Pacific Index little changed at 124.66
* The Dow Jones Industrial Average lost 0.3% at 3:41 p.m. in
New York
* Palm oil Feb-delivery futures dropped 2.3%

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