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Asset management company Valuecap Sdn Bhd was launched a week ago. Before one could say V-a-l-u-e-c-a-p, investors, and foreign funds came swooping in to the market to buy undervalued stocks. As the rush continued over the week, major corporate announcements were announced, turning a once sagging market into a bustle.
THE measures introduced by the United States recently to boost its economy are expected to have a positive impact on the Malaysian economy by next year, Deputy Finance Minister 1 Datuk Dr Shafie Mohd Salleh said.
It was expected. Year 2002 was indeed a record-breaking year for the automobile industry. Vehicle sales grew 9.7 per cent to 434,954 units. This year too in terms of volume, most expect sales (in units) to reach an all-time high (with one or two contrarian points of view), with an estimated growth of 3.5 per cent to 4 per cent.
A BACKDOOR listing may be in the offing for the Malaysian operations of Great Eastern Holdings Ltd if negotiations between GEL Capital (M) Bhd and PacificMas Bhd for the restructuring of their equity and insurance business operations are successful.
Pauline SC Ng writes on Plus, Tien Wah, PavificMas, Park May and YTL e-Solutions.