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Views from Malaysian CEOS on the impact of Iraq war
Most Malaysian CEOs have expressed optimism that the US-led Iraq war would be short and therefore would have minimal impact on the Malaysian economy.
News in brief
News in brief on Southern Bank, Khazanah Nasional, AMMB Holdings and other firms.
Market to remain quiet
WITH war worries dominating equity markets around the globe, the Kuala Lumpur Stock Exchange (KLSE) has not been spared. The Kuala Lumpur Composite Index (CI) is down 6.81 per cent from its high earlier in the year.
KL market snaps losing streak on technical rebound
THE local stock market snapped a five-day losing streak yesterday, with the KLSE Composite Index (CI) closing 9.88 points higher at 629.10 on bargain hunting and signs of reduced tension between the United States and Iraq.
MCM Technologies ventures from safe platform
FINANCIALLY weak MCM Tech-nologies Bhd is not keen to stay that way for too long. Even so, the company#039;s officials are bold about not allowing the losses to weigh down its long-term goals.
Slowdown in corporate earnings growth generally
EXCEPT for the plantation sector whose bottom line was buoyed by strong crude palm oil prices, the recently released financial results for the quarter ended Dec 31 last year indicated a general slowdown in corporate earnings growth.
AMMB - a wait and see
GIVEN AMMB Holdings Bhd's latest set of results that failed to excite, most analysts prefer to closely watch how well the country's fifth largest banking group's planned merger between commercial bank AmBank Bhd and finance company AmFinance Bhd will eventually pan out.
AMMB Holdings proposes bonus and rights issues
AMMB Holdings Bhd is rewarding its shareholders with a 1-for-2 bonus issue and proposing a 1-for-5 rights issue which together could double the company#8217;s share capital to more than RM2.2bil.
Challenging time ahead for banks
THE latest financial results reported by banks reveal the fact that earnings are mainly driven by lower provisions for non-performing loans and growth is rather difficult to achieve amid the continued slow loans growth in the country.