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OSK Research: Fourth-quarter results expected to be better
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.
Genting’s Lim buys 7.3% stake in Olympia
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.
Weaker wine sales erode Foster’s first-half earnings
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.
Genting boss raises stake in Olympia
TAN Sri Lim Kok Thay's direct shareholding in Olympia Industries Bhd has increased to 9.09% following his purchase of an additional 8.956 million shares in the company between Feb 4 and 6, a filing with the MSEB showed yesterday.
CI surges 17.6 points to 846
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.
Genting ups London Clubs stake
GENTING group has increased its holding in casino operator London Clubs International to 15.2%.
Tabcorp ups ante in Aussie gaming battle
Tabcorp Holdings Ltd, Australia's largest gaming group, increased its offer for rival Tab Ltd to A$2.03bil yesterday, but failed to top a competing bid that has hit a regulatory hurdle.
CI at near 48-month high
THE local stock market sprang to life yesterday after the long weekend on the back of market-moving news such as better corporate earnings and stronger indications that the general election is imminent.
Strong foreign buying sends Tanjong soaring
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.
Ho Wah to expand Batam plant
HO Wah Genting Bhd will invest US$15mil to extend its existing factory in Batam, Indonesia, its group executive chairman Goh Sin Huat said.
