Business Times (Malaysia) articles from December 2001, page 5

Business Times (Malaysia) archives from December 2001

Kuala Lumpur Industries Holdings Bhd.
December 4, 2001... KUALA Lumpur Industries Holdings Bhd has posted a pre-tax loss of RM23.039 million for the half-year ended September 30 2001 as against a pre-tax loss of RM34.783 million incurred in the same period last year. The losses were on the back of a...

Boustead Holdings Bhd.
December 4, 2001... BOUSTEAD Holdings Bhd has posted a pre-tax loss of RM28.391 million for the nine months ended September 30 2001 against a pre-tax profit of RM58.209 million in the previous corresponding period. The results were achieved on a higher turnover...

Klibor futures close higher.
December 4, 2001... THE three-month Kuala Lumpur Interbank Offered Rates (Klibor) futures contracts on the Malaysia Derivatives Exchange saw light trading, a dealer said. He said that investors' interest was confined to two far month contracts. The...

MESB Bhd.
December 4, 2001... MESB BHD says its wholly-owned subsidiary Maintenance Engineering Sdn Bhd has been awarded a RM4.530 million contract by Perbadanan Putrajaya for the construction of Taman Wetland - Phase 2 (Initial Works) at the Putrajaya Federal...

Indicators point to weak market.
December 4, 2001... Long term: Uncertain. Short term: Weak. Momentum index: +164 Relative strength index: 52 Observations: The CPO futures market suffered a sharp tumble last week on concerns over export prospects for the crop. Talk...

Spot futures end higher.
December 4, 2001... THE Kuala Lumpur Stock Exchange Composite Index (KLCI) futures contracts on the Malaysian Derivatives Exchange finished at a 3.5-point or 0.5 per cent premium to the cash market's 643.35. Spot December futures traded to an intra-day high...

Index likely to continue rising streak.
December 4, 2001... DEALERS say the benchmark Kuala Lumpur Stock Exchange Composite Index (KLCI) will likely to continue its rising streak today, in what is largely expected to be the start of year-end window-dressing activity. The benchmark index broke last...

Haulage industry hit by current economic downturn.
December 4, 2001... THE current economic downturn, coupled with the drastic increase in the number of new players, has caused many of the local hauliers to reduce the number of their operating prime movers. Sources in the industry say that some of the...

Banks to benefit the most.
December 3, 2001... MALAYSIA'S banking sector will benefit the most from the resolution of debts owed by two light rail transit systems, as the exercise will slash the non-performing loans (NPL) ratio and also help banks to stem their decline in profit amid...

TRI expected to name key Measat exec to its board.
December 3, 2001... TECHNOLOGY Resources Industries (TRI) Bhd is expected to appoint a key executive from a unit of Measat Broadcast Network Systems Sdn Bhd to its board soon, as part of its revamp plan, sources said. The appointment is expected within the...

KLCI likely to end year at 690 points (HL).
December 3, 2001... Graphics (Statistics) - KLCI year-end performance. THE Kuala Lumpur Stock Exchange Composite Index (KLCI) may end 2001 just shy of the psychological 700 points mark, despite what is expected to be a strong finish for the rest of the year....

Trading to reflect MSCI changes to Global Index.
December 3, 2001... TRADING on the Kuala Lumpur Stock Exchange today will likely reflect Morgan Stanley International Inc's (MSCI) changes to its Global Index - a development that observers feel may weigh on the market early in the week. The MSCI, a leading...

Only 2 shops officially seek lower rental at KLIA.
December 3, 2001... OF THE 67 retailers operating at the KL International Airport (KLIA), only two have officially written to Malaysia Airports (Sepang) Sdn Bhd to request for a reduction in their rental fees. These appeals were made before the September 11...

RHB Bank awarded Superbrand status.
December 3, 2001... RHB Bank Bhd, one of the largest banking group in the country has been selected as a Superbrand by the Malaysian Superbrands Council, making it the first bank in Malaysia to enjoy the status. The selection of RHB was based on a number of...

Prescott to visit Malaysia on Thursday.
December 3, 2001... BRITISH Deputy Prime Minister John Prescott will be in Malaysia for a three-day visit starting Thursday to further strengthen the already extremely good relationship between Malaysia and the UK. Newly appointed British High Commissioner...

Economists predict contraction in 4th quarter.
December 3, 2001... STRONGER festive mood as the year expires is expected to rub Malaysia's economic growth in the fourth quarter the wrong way. Economists are predicting the gross domestic product (GDP) in the quarter to register another contraction, a...

Workers' confidence on job opportunities weakens.
December 3, 2001... WORKERS' outlook on job opportunities has been faltering over time, reflecting the uncertainties in the economy, according to a prominent online employment agency. JobStreet.com chief executive officer Mark Chang said job seekers'...

Index down 1.37 points.
December 3, 2001... THE MSC IT Index closed at 138.941 points, decreasing 1.365 points from 140.306 the previous trading day reports www.MSCTimes.com. This represents a fall of 0.009 per cent over the previous trading day with market capitalisation of the...

A free trade arrangement of one country two systems.
December 3, 2001... THE success in Doha, Qatar, last month has not stopped countries from pursuing regional and bilateral trading arrangements. Singapore, for example, which is currently negotiating a bilateral trade agreement with the US and has wrapped one...

Taiwan recovery news expected to boost tech sector.
December 3, 2001... THE recovery in the local chips industry may remain on track in the second or third quarter of next year, but the news of signs of recovery in Taiwan's crucial semiconductor industry is expected to give a boost to investors' sentiments on the...

Three plantation counters' assets draw investor interest.
December 3, 2001... SLEEPY counters Kluang Rubber Co (M) Bhd, Sungei Bagan Rubber Co (M) Bhd and Inch Kenneth Kajang Rubber Plc came to life last week, attracting heightened investors' interest, apparently not because of the business they are in, but because of...

Lion group posts weaker results.
December 3, 2001... THE Lion group of companies have mostly shown weaker financial results for the quarter ended September 30 2001 compared with the preceding year, in line with the competitive operating environment which has affected the firms' bottom line. ...

Ranhill has more to offer in long term: Analysts.
December 3, 2001... RANHILL Bhd's performance may not have been as strong as most construction counters, but analysts are bullish that the stock will have more to offer in the long run given its strong fundamentals and healthy order book. Ranhill, listed on...

I-Berhad one of the most financially sound companies.
December 3, 2001... INFORMATION technology (IT) and Smart Home products manufacturer I-Berhad has emerged as one of the most financially sound companies on the Kuala Lumpur Stock Exchange (KLSE) Main Board, the company said. Since venturing into the IT...

Mayban Securities revises forecast.
December 3, 2001... IN THE article "Car sales uptrend likely to extend into next year" Mayban Securities had revised upwards their forecast 2001 total industry volume for the local automotive industry to 393,000 units, not 384,000 units as reported. The error is...

MMC's revival of plans to buy PTP not a surprise.
December 3, 2001... WAS it a surprise when Malaysia Mining Corp Bhd (MMC) announced that it is reviving plans to buy Port of Tanjung Pelepas (PTP) last week? Hardly, analysts say. When the first plan fell through because the port's owner didn't offer PTP...

KLCI likely to be range bound.
December 3, 2001... THE benchmark Kuala Lumpur Stock Exchange Composite Index (KLCI) slipped 1.51 points to close at 638.02 last week with the average daily market volume decreasing to some 423.280 million shares. The Fibonacci resistance 640 level remained...

Merger of ports seen after MMC-PTP deal.
December 3, 2001... TALKS between officials from Malaysia Mining Corp Bhd (MMC) and the Port of Tanjung Pelepas (PTP), involving the sale of 50.1 per cent of the stake in the port, will initiate the merger of two important ports in the country. MMC recently...

Enron: Technical analysis could have saved the investor.
December 3, 2001... THERE is no lack of bad blood between technical analysts (also known as chartists) and fundamentalists on the appropriate methods that should be applied when it comes to forecasting the direction of a stockmarket. Fundamentalists charged...