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In the second and final part of a discussion on the stock market for 2004 with I>StarBiz/Iassistant news editor I>JAGDEV SINGH SIDHU/Iand reporter I>ELAINE ANG/I>, the two fund managers - KLCS Asset Management executive director/chief investment officer Connie Ong and Fortress Capital Asset Management chief executive officer Thomas Yong - together with three research heads - AmResearch executive director Gan Kim Khoon, OSK Research's Pankaj Kumar, and KN Kenanga's Seow Choong Liang - tell us just what type of stocks they are looking at.
THE fog that often obscures the view from Genting Bhd's self-styled 'City of Entertainment' 1,800 metres above the steamy jungles of Pahang does not apparently blur its vision of where it is headed. If the announcement this month of the issue of US$300mil worth of five-year exchangeable notes is any indication of the future, the group's global aspirations appear to be clearer than ever before.
A GUST of cool mountain breeze: that was how one of Malaysia's largest companies got started. Genting Bhd founder Tan Sri Lim Goh Tong said the cool crisp air in Cameron Highlands where he was working on the hydro-electric dam project there in 1964 convinced him 'to develop a retirement retreat where I could spend my old age.'
Luck still on its side...Tanjong's (RM11.10) third-quarter results for the January 2004 financial year again exceeded our expectations, and similarly due to good luck. Numbers forecast operation (NFO) sales increased 3.4% from the preceding quarter on identical number of draw days, while profits were about 20% higher.
Tan Sri Lim Goh Tong's retirement from the Genting group Wednesday marks the end of an era. His exit from the corporate world at the age of 86, was much like the man himself: low-key and without much fanfare.
THE 5.428 million Dreamgate Corp Bhd initial public offer (IPO) allocated to the public has been oversubscribed by 62.5 times.