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ASTRO All Asia Networks plc has forecast a profit before tax but after minority interest of between RM28.6mil and RM33.6mil on a turnover of RM1.4bil for its current financial year ending Jan 31, 2004.
The domestic institutional tranche of Astro All Asia Networks plc's initial public offering (IPO) is believed to be 15 times oversubscribed, with the bulk of the applications bidding at the higher end of the price range.
PROPERTY-BASED Equine Capital Bhd made a strong debut on the KLSE main board yesterday to close at RM1.48, which is 48% higher than its offer price of RM1. The stock was also the most heavily traded counter, as nearly 74 million shares changed hands.
THE market closed broadly lower Wednesday on profit-taking, particularly on blue chips such as Genting Bhd and Resorts World Bhd, as investors took advantage of the recent rise in stock prices to cash out.