UEM draws foreign interest; Malaysian firm seen posting short-term gains
Article Abstract:
Foreign investors are once again buying the shares of United Engineers (Malaysia) (UEM) since an exodus began in early 1998. The company once loomed large as an infrastructure giant to foreigners which ended when UEM announced its purchase of a 33% stake in its parent company, Renong. The relationship is starting to be rekindled as investors hope that the Malaysian government will provide support to the company. UEM-Renong is undergoing a reorganization plan that calls for the payment of eight billion ringgit in loans in seven years.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Malaysian WEBS attract passive investors
Article Abstract:
World equity benchmark shares (WEBS) are country-specific index funds that represents a cross between closed-end and open-end funds. WEBS, introduced on the American Stock Exchange in 1996, are currently gaining the attention of investors due to the excellent performance of Asian blue-chip shares since Sep 1998. With the introduction of capital controls in Malaysia in Sep 1998, WEBS are the only financial instruments available to an investor who wants to invest in Malaysia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Malaysian stocks face threat: issues may shrink if country loses EAFE status
Article Abstract:
Malaysia may stand to lose some investors if the talk that Morgan Stanley Capital International is planning to revise Malaysia's status as both a developing and developed economy hold true. Investors may want to leave the local market if the Europe Australia and Far East index is revised as this could mean that the local market may not register enough growth to sustain investors' expectations.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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