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MALAYSIA recorded a balance of payments surplus of RM11.8bil in the first nine months of 2002, against a deficit of RM600mil in the corresponding period a year ago, the Statistics Department said yesterday.
CIMB Bhd, which will be listed on the KLSE main board on Jan 8, has reported a lower pre-tax profit of RM39.3mil for its third quarter ended Sept 30, 2002, down 35% from RM61mil in the same period the year before.
THE consumer sector, especially the food and beverage (FB) sub-sector, is anticipated to show single-digit growth for 2003 in line with the projected gross domestic product (GDP) growth for the year even though the health and growth of the consumer sector is really dependent on a whole host of factors, ranging from world commodity prices to local consumer spending habits.
Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?
ASK around.It is a foregone conclusion that the local stock market is currently not too far off its lowest ebb. The mostpertinent question is how high can the Kuala Lumpur Composite Index (CI)go in 2003?
Going into 2003, Malaysia economic recovery is expected to be sustainable in spite of a slowing US economy. We see real GDP sustaining at 4.3% in 2003 (2002e: 4.0%).
CIMB Bhd shares made a somewhat disappointing debut on the KLSE main board yesterday, closing at RM1.79 for a gain of only 4 sen over their offer price of RM1.75.
THE growing trend in tapping private debt securities (PDS) in the corporate sector is expected to continue to buoy the local bond market this year.
THE formation of an investment holding company with resources of up to RM10 billion invest in listed securities on the Kuala Lumpur Stock Exchange (KLSE) could well provide a fillip to the market next week.
AS the equity markets continue to take a beating in the uncertain global geopolitical climate, economists are more bullish on the growth prospects of the bond markets, particularly Islamic private debt securities (PDS), this year.