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The continuous upward trend in the equity market will, among other things, depend on how well US corporate earnings for the second quarter have fared, said Toh Hoon Chew, head of research at CIMB Securities Sdn Bhd.
Phillip Mutual Bhd, a unit trust company, targets to achieve sales worth RM100mil through its 5 unit trust funds over the next 12 months, said chief executive officer Munawir Mohammad.
STOCK markets in Asia got a lift yesterday from the strong gains seen overnight on Wall Street after an economic report showed strength was returning to the US economy.
READERS considering investing in China will find Cesar Bacani#146;s I>The China Investor #150; Getting Rich with the Next Superpower (/I>John Wiley amp; Sons) helpful.
THE CIMB group has launched the third promotion of its innovative share margin financing product which provides low interest rate charges.
THE local unit trust industry is expected this year to match the average annual compounded growth rate of 13% recorded over the last 10 years, said Federation of Malaysian Unit Trust Managers (FMUTM) president Datuk Abdul Azim Mohd Zabidi.
RASHID Hussain Bhd (RHB) has posted a pre-tax profit of RM457,000 for the third quarter ended March 31, compared with a pre-tax loss of RM18.5mil in the corresponding quarter of 2002.
MAYBAN Unit Trust Bhd has launched its 9th fund, a bond fund specially designed to enhance returns through participation in selected initial public offerings (IPOs).
Izwan Idris writes on Time Engineering
IT has been three years since index constructor Morgan Stanley Capital International (MSCI) announced that it would adjust its equity indices so as to take into account free float levels. Back then, there was some hand wringing among our stock market players over the possibility of Malaysia suffering an exodus of foreign funds.a href=http://biz.thestar.com.my/bizweek/>LI>B>For the full Bizweek reports click here/B>/a>