Even with rights offering, Steady Safe is tough fare
Article Abstract:
Investment advisers maintain that Steady Safe stocks are not good investments as short term debt, worsened by the currency crisis in Indonesia, may have well risen above the company's equity. Analysts maintain that the company may not be able to recover its losses even with its rights issue offering. Analysts however, maintain that the country's bankruptcy law may yet prove instrumental in saving the company.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Malaysia's economic woes may quell investors' spirits
Article Abstract:
Malaysia's long term economic prospects may cool the ardor of investors instrumental in the trading surge experienced by the Malaysian bourse on the second week of 1997. Analysts maintain that despite the austerity packages of the government and the bailout package of the International Monetary Fund, the country is expected to register slower growth, higher interest rates, hyperinflation and bankruptcies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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