First Pacific stirs optimism: analysts turn sanguine on the Hong Kong assets of a Suharto ally
Article Abstract:
The shares of First Pacific Co of Hong Kong, owned by one of Indonesian President Suharto's closest allies named Liem Sioe Liong, have regained confidence. An analyst says he is reassessing his underperformance rating for the shares of First Pacific since the shares are beginning to look very low-priced. However, the possibility of First Pacific acquiring a stake in PT Indofood Sukses Makmur has an adverse effect on the shares of the firm.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Local fund sales are brisk
Article Abstract:
Fund management industry officials in Malaysia say sales of unit trusts to people transmitting money from their retirement accounts at the compulsory Employees' Provident Fund are relatively swift, particularly for fund firms that are able to deploy large sales forces. The brisk sales comes at a time when it is difficult to be asking retail investors to purchase unit trusts amid the Asian financial crisis.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Thailand back on the Map?
Article Abstract:
Many foreign fund managers are selling into Thailand's composite index despite the fact that since Thaksin Shinawatra's election on January 6, Thailand's composite index has been up by more than 6% at times. Some investors express concern that Thaksin Shinawatra's populist election promises as well as his investigation by Thailand's antigraft agency could have negative economic implications.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Adjudication fears founded on the negligence of professionals
- Abstracts: Estrada pushes for reform. China's entry into WTO could hurt some companies: painful restructuring may backfire on Hong Kong by diminishing its role as gateway to mainland
- Abstracts: SAP acquisition damps stock. SAP's net profit rises 15% on strong software sales. SAP stock rallies on announcement of conversion plan
- Abstracts: EMC's net income and sales meet lowered estimates. Toys 'R' Us posts net loss on costs for remodeling. EMC results beat forecasts with 49% jump in net profit
- Abstracts: Wal-mart sales top forecasts. StoraEnso profit falls short of estimate; Nordic paper producer is hit by Asian crisis