Free fall in MAA shares may provide opportunity
Article Abstract:
Stock prices of Malaysian Assurance Alliance (MAA) plunged from a high of 16.40 ringgit in Nov. 1995 to only 11.80 ringgit during trading on May 17, 1996. The significant drop in MAA stocks was caused by profit-taking spurred by speculation that a new bill being considered by the Singaporean parliament may adversely affect the profit-sharing of real estate companies. Several analysts and MAA asserted that the panic-selling was an overreaction to the proposed law which will require companies to return a larger portion of yearly surpluses to policyholders, instead of giving them to shareholders.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Foreigners question Lippo's revamp plan
Article Abstract:
Lippo Group is determined to convince skeptical foreign investors about its restructuring plan for its financial services. The Jakarta-based conglomerate's plan calls for Lippo Securities to increase its stake in Lippo Life Insurance from 4.9% to 32% and for Lippo Life to acquire a 40% holding in Lippo Bank. Under Indonesian regulations, Lippo Group must persuade a majority of minority shareholders in each of the affected firms to consent to the plan.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Local funds ordered to push up index to level of 1000
Article Abstract:
Malaysia's Kuala Lumpur stock market is expected to post a rebound after the Malaysian government ordered an aggressive buying by government-linked funds. The directive will persist until the stock market's composite index reach 1000 points from its first week of September 1997 rate of 821.59 points. Investors believe that the directive will only be effective on a short term basis.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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