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THE current rally on the KLSE has to be sustained before investors can hope for further strong upside following one of the best one-day market performances this year yesterday, analysts said.
THE KL stock market yesterday staged a much-awaited breakout from its lacklustre performance of the past 1½ weeks, with the benchmark Composite Index (CI) closing 8.9 points, or 1.1%, higher at 790 on broad-based buying of blue chips and big cap stocks by both local and foreign fund managers.
ASTRO All Asia Networks plc, whose initial public offer (IPO) attracted immense interest both domestically and abroad, disclosed yesterday it would raise RM2.03bil from selling 508 million shares.
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.
Property Talk: A weekly column by S.C. Cheah. This week he asks where can you find an office building that has a combination of the following: prestigious address, prime location, lakeside view, no traffic jams, lovely parks and high chances of bumping into top government officials?