Ramatex spins profits in threadbare market: run of the mill contributes to success at Malaysian textile company
Article Abstract:
Securities analysts in Malaysia recommend a 'buy' option on the stocks of textile producer Ramatex, for its stellar performance in an otherwise depressed Malaysian stock exchange. Ramatex owes its financial performance to its US dollar earnings, earned from its manufacturing contracts from such international brands as Adidas and Puma. Ninety percent of Ramatex's production is for export, which insulates the company from Malaysia's economic slump. Ramatex's after tax earnings in 1998 is estimated to increase by 37% to 151.2 mil ringgit ($36.7 mil), with a 33% increase anticipated for 1999, equivalent to 201.7 mil ringgit. Ramatex posted after tax earnings of 110.1 mil ringgit for 1997.
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:
Ramatex debt float shows dollar loans are still on tap
Article Abstract:
The approval of Ramatex Bhd's dollar loan demonstrates that companies with solid earnings can still tap international capital markets for business financing. The company was able to float a dollar denominated $80 million debt issue without paying incredibly high rates because the company's profits are less exposed to currency devaluation in the local markets unlike other companies. Ramatex will use the money to construct a yarn-spinning and knitting factory in an industrial park in Suzhou, China, that is managed by the Singapore government.
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:
Asia's woes have limited impact on cautious U.S. banks
Article Abstract:
Analysts are optimistic that US banking institutions will meagerly be affected by the recent Asian crisis, as the industry underscores lesser involvement with Asian investors. Statistics revealed that US banks lent a total of $34.2 billion to Asian countries, which is only a third of the total loan extended by Japanese banks to the region. US banks are further reducing their exposure to financial risks by limiting loan grants exclusively to their credit-worthy clients.
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: UK dominates Europe in larger buyouts. The rewards for success can be great. Israel's venture capital industry grows up
- Abstracts: Czechs launch largest international equity offer. Deal of the month: Swisscom success story. Africa connects with the equity investor
- Abstracts: Ekran and ABB Asea Brown fail to end dispute on dam. Malaysian cemetery project gets buried in controversy. Remote island resort project may be a gamble for Ekran
- Abstracts: Generating marketing resources by means of R&D activities in high technology firms. Aligning sales management and relationship marketing in the services sector
- Abstracts: Signs point to Habibie in new post. Habibie encourages ruling party to become pro-reform