• Business
  • Monday, 25 Aug 2003

  • YTL Power: INVESTORS are waiting with bated breath for the announcement of the company's results and dividends for its financial year ended June 30. 

    Surf88 expected YTL Power to at least maintain net dividend at 14.4 sen per share in its results to be announced soon.  

    YTL Corp's biggest unit's pre-tax profit for the nine months ended March 31, 2003, stood at RM565mil against RM462mil previously.  

    YTL Power is also a cash-rich and well-managed company. 

  • CAHB: COMMERCE Asset-Holding Bhd is the banking stock to look out for in the coming weeks. The country's second largest banking group has reported a better-than-expected interim earnings that is set to spark a re-rating from analysts. 

    CAHB is also expected to conclude merger talks with AMMB Holdings Bhd's AmBank Bhd and AmFinance Bhd soon.  

    A successful merger with AMMB's commercial banking and finance arm is likely to narrow CAHB's gap with Malayan Banking Bhd

  • PPB Group: PROSPECTS of PPB Group Bhd are brighter now that it has secured a contract to build and maintain a 20-year concession for a sewerage treatment plant in Beijing, China. 

    The contract is under a consortium lead by its 50%-owned Kerry Utilities Ltd. 

    The company expects the successful bid would edge a strategic advantage in its tender for 10 other sewage projects in Beijing estimated to be worth 2 billion reminbi.  

  • Petronas Dangangan: Petronas Dagangan Bhd could see renewed interest from investors in the coming weeks after it posted a sharply higher first quarter result. 

    For the three months ended June 30, the company recorded an impressive group pre-tax profit of RM313.2mil from RM24.3mil a year ago, on lower sales of RM2.18bil compared with RM2.28bil previously. 

    The company expects its full year results to March 31, 2004, to improve over the previous financial year.  

  • NV Multi: A leader in the local bereavement care industry, NV Multi's prospects look good and are supported by higher consumer spending on funeral needs. 

    It has a land bank of 48.23ha and land availability is said to be assured for the next eight to 10 years.  

    The company is also banking on a two-pronged strategy of growing its agency force and developing strategic tie-ups with financial institutions to achieve double-digit growth in revenue and earnings for the year ending Dec 31, 2003. 

  • Article type: metered
    User Type: anonymous web
    User Status:
    Campaign ID: 1
    Cxense type: free
    User access status: 3

    Did you find this article insightful?


    Across the site