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Business 28 Feb 2003 | 12:00 AM

Sime posts higher profit for latest quarter

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.

Business 27 Feb 2003 | 12:00 AM

Continental buys 30% in Sime ops

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.

Business 25 Feb 2003 | 12:00 AM

Better Q2 Sime results seen

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.

Business 22 Feb 2003 | 12:00 AM

Plantation firms riding high on strong CPO prices

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.

Business 19 Feb 2003 | 12:00 AM

Offers made for Loy Yang Power

Indicative offers have been received and negotiations are continuing with two different parties on the A$4bil sale of Australia#8217;s Loy Yang Power, a source close to the process said on Tuesday.

Business 18 Feb 2003 | 12:00 AM

Asian bourses up as war fears subside

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.

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 28 Jan 2003 | 12:00 AM

Investors paying a premium price for Tractors Malaysia shares now

TRACTORS Malaysia Holdings Bhd was among the blue-chip stocks to own in early 1990.

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 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.