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Saleh upbeat about DRB-HICOM prospects

OPTIMISTIC - that#039;s how group chairman Tan Sri Mohd Saleh Sulong feels about the DRB-HICOM Bhd group#039;s prospects this year.

Foundry to feed Sabah industries

SABAH#146;S industrialisation programme is on track with the opening of the state#146;s first RM10mil cast iron and steel foundry operated by Unimekar Steel Sdn Bhd, according to Chief Minister Datuk Chong Kah Kiat.

BSA proposes bonus issue and private placement

BSA International Bhd, which is seeking a transfer of listing to the main board of the KLSE, has proposed a 1-for-2 bonus issue of 44 million new shares of 50 sen each and a private placement of up to 12 million new shares of 50 sen each, representing not more than 10% of the issued and paid up share capital of the company.

MAS expects 15% cargo growth

MALAYSIA Airlines expects its air cargo division, Malaysia Airlines Cargo Sdn Bhd (MASkargo), to register at least 15% growth in cargo volume this year, senior general manager (cargo) J. J. Ong said.

Broker's Call

Compiled by TEE LIN SAY

Earnings loss may not crimp CCB's dividends

CYCLE Carriage Bintang Bhd's (CCB) loss of the wholesale distributorship of Mercedes Benz vehicles will encroach on the group's future earnings but this may not necessarily mean that its dividend payouts may be crimped as well.

Convention centre set to be a hit

THE proposed Kuala Lumpur Convention Centre officially launched by Prime Minister Datuk Seri Dr Mahathir Mohamad on Tuesday is set to put Malaysia on the world map as a premier destination for meetings, incentives, conventions and exhibitions (MICE).

GD Express' priority on quality service

THE courier business may not exactly be classified as one of the more popular business ventures to get into. In fact, ask most people what they think of it as a business, and you would probably get some vague answer, telling you how it should be left to those in the transportation fraternity, ? not to be ventured into unless you know the industry fairly well.

APM steps on it

DURING a recent roundtable discussion, a group of analysts sat debating the outlook for stocks on the local bourse. One of them declared his preference for smaller or mid-tier companies.

Auto parts better bet than car manufacturers

AFTER consecutive years of high growth, auto part manufacturers are about to witness a period of consolidation. The Malaysia Automotive Association (MAA) expects a 3.5 per cent growth in sales to 450,000.