Market turmoil reaches leading blue chip Sime Darby
Article Abstract:
Sime Darby's stock may register losses in its fiscal year ending June 1997, because of problems with its broking division, SimeSecurities Sdn. Bhd. Tan Sri Nik Mohamed Nik Yaacob, Sime Darby's chief executive, who has confirmed SimeSecurities' problems, downplayed speculation regarding possible losses, saying that charges will not exceed $30.3 million. According to Tan Sri Nik Mohamed, the broking unit has suffered partly due to the decline of Malaysia's stock market.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Sime Darby's aggressive management may jazz up firm's 'boring' image
Article Abstract:
Many investment analysts are changing their views of Sime Darby Bhd. as 'safe but boring' investment. Some analysts predict that the Malaysian conglomerate could register a 20% growth in net profit in FY 1996 as a result of its acquisition of a major bank and other key properties. Several cautious analysts, however, believe that Sime Darby's financial success will depend largely on how it can quickly transfer earnings from the new properties to its bottomline.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Rosy outlook for Sime Darby
Article Abstract:
Analysts believe that Sime Darby Bhd should have a better long-term outlook than some of the smaller Malaysian companies whose share prices have also fallen during Spring and Summer 1997. The company's remarkable management and diversified operations are drawing investors to its side, despite the government's lending curb on property and stock purchases. Profits are expected to increase from Sime Darby's overseas operations especially in Hong Kong.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Mahathir moves to firm his leadership of UMNO. Mahathir ally may have gained from bet on ringgit. Anwar's taste of power
- Abstracts: Hong Kong's real-estate bubble bursts. Pacific Century's deal may signal a rebound in Japan
- Abstracts: Debts, torpid reform hobble TelecomAsia: despite seeminly good news on horizon, firm's outlook isn't so sunny
- Abstracts: Hyperinflation poses threat: risk may loom larger than foreign-debt woes. Life after the float
- Abstracts: Japan Inc. needs to deconstruct its employment escalator. Half measures hobble Japan's recovery. Japan must tap land's wealth