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MMC Corp Bhd expects its overseas operations to contribute significantly to group profit but for the immediate future, the company is looking at its homegrown utilities and port businesses to drive growth.
Despite the recent accounting irregularities in some listed companies, investors can be forewarned by looking at the company's liquidity, profitability, management, borrower communications, external environment and strategy.
Japan's Shinsei Bank said it will fall more than 70% short of its full-year profit forecast due to widening subprime losses, and will sell its Tokyo headquarters to Morgan Stanley to help offset the damage.