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OSK Research expects corporate results in the fourth quarter ended Dec 31, 2003, to remain strong with earnings or even dividend surprises moving share prices.
Tan Sri Lim Kok Thay, the chairman, president and chief executive of the Genting group, has bought a 7.33% stake in Olympia Industries Bhd. A filing with the MSEB yesterday showed that he bought 37.3 million shares on the open market on Jan 30.
Australia's largest brewer, Foster's Group Ltd, said yesterday its first-half profit had been hit by weak US wine earnings, but added that it might have seen the worst of tough market conditions.
THE KLSE Composite Index (CI) made a strong 17.6-point surge yesterday to close above 845 points on an optimistic remark by a deputy minister that Malaysia had posted a stronger-than-expected gross domestic product (GDP) growth last year.
TANJONG Plc shares rose to nearly 10-year high yesterday on strong foreign-led buying after the numbers forecast operator (NFO) and independent power producer received favourable ratings from research houses for its attractive valuations and good earnings prospects.