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HARDLY three weeks after its Valentine#039;s Day listing, Symphony House Bhd has created a minor stir on the share market with its proposed acquisition of Malaysian Issuing House Sdn Bhd (MIH) for RM2.45 million cash. It was, by far, the most active counter on the Kuala Lumpur Stock Exchange (KLSE) on Wednesday (the day the announcement was made) and Thursday.
Nestle SA, the world#8217;s largest food group whose portfolio of brands includes I>Nescaf/I>e coffee, I>KitKat/Ichocolate bars and I>Perrier/Iwater, reported yesterday a 13% rise in 2002 profit but said core sales growth failed to reach its own target.
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.