Friday, May 31, 2013

(BFW) MALAYSIA DAYBOOK: Genting, MMC, Sunway, Shin Yang, KNM, KSL, IGB

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MALAYSIA DAYBOOK: Genting, MMC, Sunway, Shin Yang, KNM, KSL, IGB
2013-05-30 21:39:08.959 GMT


(To be sent this Daybook daily: SALT MYDAYBOOK)

By Elffie Chew and Chong Pooi Koon
May 31 (Bloomberg) -- Genting Bhd. (GENT MK), which
controls Southeast Asia's biggest casino operator, said first-
quarter profit fell 43 percent because of lower sales from its
Singapore and U.K. gaming resorts as well as plantation
division.
Net income for the three months ended March 31 dropped to
397.8 million ringgit ($129 million), or 10.77 sen a share, from
693.6 million ringgit, or 18.79 sen, a year earlier, according
to a filing to the Kuala Lumpur stock exchange today. Revenue
declined 2.8 percent to 4.13 billion ringgit.

EQUITY MOVERS:
* Ahmad Zaki (AZR MK): 1Q net declines to 2.5m ringgit from
5.5m ringgit yr earlier; renews bunkering contract with
Petronas Dagangan
* Country Heights (CHH MK): 1Q net jumps to 18.9m ringgit from
1.3m ringgit yr earlier
* Chin Well (CWH MK): 3Q net profit declines to 4.7m ringgit
from 5.9m ringgit yr ago
* Genting Malaysia (GENM MK): 1Q net 419.5m ringgit vs 270.7m
ringgit yr earlier
* Flonic (FLON MK): Unit wins 4.1m ringgit contract to do
renovation work at KLIA
* IGB Corp (IGB MK): 1Q net 48.1m ringgit vs 57.4m ringgit yr
earlier
* Ireka (IREKA MK): 4Q loss widens to 33.3m ringgit from
523,000 ringgit loss yr earlier
* KBB Resources (KBB MK): 3Q net drops to 32,000 ringgit from
2.2m ringgit yr earlier
* KNM Group (KNMG MK): 1Q net profit falls to 2.2m ringgit
from 35.1m ringgit yr ago
* KSL Holdings (KSL MK): 1Q net rises to 47.9m ringgit from
25.3m ringgit yr ago
* Kumpulan Fima (FIMA MK): 4Q net declines to 14.8m ringgit
from 24.9m ringgit yr ago
* Lion Industries (LLB MK): 3Q net profit jumps to 40.7m
ringgit from 1.7m ringgit yr earlier
* Melewar (MIG MK): 3Q loss widens to 50.3m ringgit from 13.4m
ringgit yr earlier
* MMC Corp. (MMC MK): 1Q net drops to 8.8m ringgit from 29.2m
ringgit yr earlier
* Mycron Steel (MSB MK): 3Q net profit 1.4m ringgit vs 330,000
ringgit loss yr earlier
* Pacific & Orient (PO MK): 2Q net surges to 14m ringgit from
1.3m ringgit yr earlier
* Panasonic (PMM MK): 4Q net rises to 14.1m ringgit from 7.5m
ringgit yr earlier
* Priceworth (PWP MK): 3Q loss 20.5m ringgit vs net profit of
77,000 ringgit yr ago
* PW Consolidated (PW MK): 1Q net profit 1.7m ringgit vs loss
of 2.8m ringgit yr earlier
* Rex Industry (REX MK): 1Q net income 1.2m ringgit vs loss of
159,000 ringgit yr ago
* Shin Yang (SHIN MK): 3Q loss 3.9m ringgit vs net income of
13.9m ringgit yr earlier
* SHL Consolidated (SHLC MK): 4Q net increases to 11.4m
ringgit from 4.9m ringgit yr earlier
* Sunway (SWB MK): 1Q net advances to 90.6m ringgit vs 64.4m
ringgit yr earlier
* Supermax (SUCB MK): 1Q net 31.8m ringgit vs 28m ringgit yr
ago
* Tadmax (WIJ MK): Buys 2 offices in Kelana Jaya for 5.4m
ringgit
* TRC Synergy (TRC MK): 1Q net surges to 5.7m ringgit from
1.3m ringgit yr earlier
* Weida (WEI MK): 4Q net rises 3-fold to 55.2m ringgit from
16.8m ringgit yr ago


WHAT TO WATCH:
* Sime Darby (SIME MK) to release 3Q results
* Cargo surveyors Intertek and SGS to release palm oil export
estimates for May


MARKETS:
* Malaysia's FTSE Bursa Malaysia KLCI Index fell 0.5 percent
* The MSCI Asia Pacific Index lost 1.7 percent
* The Dow Jones Industrial Average rose 0.1 percent
* Palm oil August-delivery futures declined 1.1 percent


For Related News and Information:
Most-read stories about Malaysia today: MNI MALAY 1D <GO>
Malaysian economic statistics: ECST MA <GO>
Malaysian economic forecasts: ECFC MYR <GO>
Malaysian interest rate forecasts: BYFC MYR <GO>
Malaysia's key overnight policy rate: MAOPRATE <INDEX> GP <GO>

-- Editor:

To contact the reporters on this story:
Elffie Chew in Kuala Lumpur at +60-3-2302-7857 or
echew16@bloomberg.net
Chong Pooi Koon in Kuala Lumpur at +60-3-2302-7854 or
chong17@bloomberg.net

To contact the editor responsible for this story:
Barry Porter at +60-3-2302-7865 or
bporter10@bloomberg.net

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