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Business 28 Feb 2003 | 12:00 AM

Telekom on a comeback path

TELEKOM Malaysia Bhd has an-nounced that it is on the #147;comeback path#148; following stronger performances from its cellular and multimedia divisions. TM Cellular Sdn Bhd, its cellular arm, has made a long awaited return to the black, posting a pre-tax profit of RM9.8mil from a loss of RM150mil for the financial year to end December. Its subscriber base is now some 1.6 million.

Business 27 Feb 2003 | 12:00 AM

RM560mil windfall to shave Time debts

TIME Engineering Bhd (TEB) may use the RM560mil windfall expected from Time dotCom Bhd (TDC) to pay off its debts, according to its managing director Ahmad Pardas Senin.

Business 21 Feb 2003 | 12:00 AM

Strong payouts charm investors

SEVERAL well-known companies on the KLSE have recently announced larger dividends along with their latest quarterly results, sparking expectations that other companies within the same cluster of businesses may also increase such payouts.

Business 15 Feb 2003 | 12:00 AM

Ratings

THE rating of TH GROUP BHD#8217;S RM150mil Al-Bai Bithaman Ajil Islamic debt securities (BaIDs) facility has been affirmed at AID (Single A, Islamic debt).

Business 12 Feb 2003 | 12:00 AM

Foster's records modest rise in H1 profit

Australian brewer and winemaker Foster's Group Ltd posted a modest 4.1% rise in first-half profit yesterday, and warned that tougher competition in the wine industry meant it would struggle to meet its full-year targets.

Business 29 Jan 2003 | 12:00 AM

TNB on track to fine performance

TENAGA Nasional Bhd (TNB) has posted a 1.3% increase in pre-tax profit to RM798.2mil for its first quarter ended Nov 30, 2002, from a year earlier, and is looking at ways to increase shareholders' funds and smoothen the foreign exchange impact on earnings.

Business 27 Jan 2003 | 12:00 AM

Maybank favoured among heavyweights

DESPITE analysts#039; generally neutral stance on top heavyweights Malayan Banking Bhd (Maybank), Tenaga Nasional Bhd (TNB) and Telekom Malaysia Bhd, their shares have outperformed the market of late.

Business 25 Jan 2003 | 12:00 AM

MMC pitches its appeal

MALAYSIAN Mining Corp Bhd (MMC) is only too eager to pitch its appeal to investors.

Business 25 Jan 2003 | 12:00 AM

PTP right on target

WHEN Malaysia Mining Corp Bhd (MMC) paid a whopping RM1.6 billion for a 50.1 per cent stake in Port of Tanjung Pelepas (PTP), many were sceptical, suggesting that the conglomerate's acquisition was questionable given the long gestation period of a port operator and its hefty capital expenditure.

Business 24 Jan 2003 | 12:00 AM

Low returns aside, Palmco shares worth the hold

IF an investor had bought one lot of Palmco Holdings Bhd shares for RM1,840 in January 1990 and held on to it up to Dec 31, 2002, he would have netted a gain of RM3,007, inclusive of dividends and capital gains.