Analysts are cautious on Bimantara as share price levels off
Article Abstract:
Indonesian conglomerate Bimantara Citra's stocks have stabilized after a brief but sharp rise. The corporation's stocks climbed by 44% on the Jakarta Stock Exchange to reach $0.81 or 1,800 rupiah on its first trading day on Jul. 17, 1995. By Jul. 28, however, the stock has dropped to 1,700 rupiah. Fund analysts and managers remain wary of the shares, though, owing to the complex nature of the company's operations and concerns about access to its executives, who are scattered among 26 subsidiaries in various industries.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Brilliance China is losing its luster as profit, shares fall
Article Abstract:
Brilliance China Automotive Holdings Ltd. is headed for a fall as its share prices continue to decline. The Bermuda-registered company has been hit hard by the Chinese government's austerity drive designed to rein in inflation and the spiralling cost of imported components, bought mainly from Toyota Motor Corp. Its net profit has gone down by 72% in 1994 to 29.6 million yuan ($3.6 million). Brilliance China owns 51% of a Chinese manufacturer of minivans.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Comment about this article or add new information about this topic:
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