Analysts sour on Malaysia after Aokam's steep fall
Article Abstract:
Aokam Perdana Bhd.'s already falling stocks plummeted even further as the company reported weak profits for the six-month period that ended Dec. 31, 1995. Shares took a further beating as rumors of misallocation of funds and of stock selloffs by major shareholders came out. Analysts scaled down their earnings forecast, even as company officials declared that profit margins have not been significantly trimmed.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Indonesia's Pangestu is rebuffed in bid to take control of Malaysian company
Article Abstract:
The Malaysian Securities Commission disapproved Prajogo Pangestu's offer to take over Construction and Supplies House Bhd. (CASH). The commission did not explain why it rejected Pangestu's offer but some analysts believe it was concerned that Malaysian investors stand to benefit less from the transaction. CASH merchant bankers said Pangestu will appeal the commission's decision.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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