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SIME Darby Bhd has posted a higher profit for its latest financial quarter, but is cautious on the outlook for the remaining two quarters of its financial year, due to economic sluggishness induced by the threat of war in Iraq.
TYRE manufacturer Continental AG of Germany has sealed an agreement with Sime Darby Bhd for a 30% stake in the latter's tyre activities in a deal worth US$31mil.
SIME Darby Bhd is expected to show bigger profits for the 2nd quarter of its current financial year but all eyes will be on whether the company raises its interim dividend accordingly.
THE solid earnings reported recently by leading local plantation companies largely reflect the buoyancy of the crude palm oil (CPO) market last year, when prices rose by an average of 50% to RM1,343 per tonne compared with the lacklustre average price of RM893 per tonne in 2001.
EQUITY markets in Asia staged a rebound yesterday with investors' fears of an imminent US-led war against Iraq alleviated by developments over the weekend.
TRACTORS Malaysia Holdings Bhd was among the blue-chip stocks to own in early 1990.