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IOI Corp Bhd has been a firm favourite among institutional funds for a long time. Investors usually cite the management#039;s strength and solid core of businesses as reasons for owning a slice of the company.
PASSENGER traffic at the KL International Airport (KLIA) grew by an encouraging 12.3% to 16.325 million last year, making it the fastest growing airport in the region, said its operator, Malaysia Airports Holdings Bhd (MAHB). The growth was achieved despite the slowdown in air travel after the Sept 11, 2001, terror attacks in the United States.
LAND amp; General Bhd (Lamp;G), which is finalising its seven-year restructuring programme, will stick to its core business of property development even after it clears off its debts, said managing director Mike Krishnan.
WHEN Malaysia Mining Corp Bhd (MMC) paid a whopping RM1.6 billion for a 50.1 per cent stake in Port of Tanjung Pelepas (PTP), many were sceptical, suggesting that the conglomerate's acquisition was questionable given the long gestation period of a port operator and its hefty capital expenditure.