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Samsung Electronics Co Ltd registered a worse-than-expected drop of 41% in first-quarter profit yesterday because of a slump in memory chip prices, but its shares rose on hopes for an industry rebound.
HLG Unit Trust Bhd, in the wake of the current weak and volatile equity market, is somewhat adopting a strategy different from most of its other competitors: investing in companies which it knows best rather than being concerned over the short term volatility of a company's stocks per se.
EDARAN Otomobil Nasional Bhd (EON) and Perusahaan Otomobil Nasional Bhd (Proton) have finally reached an agreement on the distribution of Proton vehicles, which will allow EON to continue distributing Proton vehicles until Dec 31, 2009, with a minimum allocation of 100,000 units per annum.