Renong's charms still risky

Article Abstract:

The proposed restructuring plan of Renong served as an example on how the Malaysian government backed out of its policy regarding interference in private companies. As a result, investors are now interested in funding the restructuring plan but not involving Renong's affiliate, United Engineers (Malaysia) (UEM) which owns the Projek Lebuhraya Utara-Selatan (PLUS). Under the plan, PLUS will offer 8.4 billion ringgit in the form of seven-year zero-coupon bonds which will permit UEM and Renong to repay their creditors in full.

Engineering Services, Malaysia, Engineering firms, Renong Bhd., United Engineers (Malaysia) Bhd.

---

Analysts divided on Astra

Article Abstract:

Astra International's decision to honor its debts over the succeeding seven years is being criticized as a wrong move for the Indonesian auto maker. The company, considered one of the best-managed firm in the country, has opted to repay over $1 billion in outstanding loans instead of using its corporate clout to secure loan write-offs from its creditors. Analysts argue that Astra's decision to repay all of its debts will result in the sale of its assets in order to meet the repayment schedules.

Automobiles, Automobile Manufacturing, Indonesia, Automobile industry, P.T. Astra International Tbk

---

Investors bet on Intria, seeing shades of Renong

Article Abstract:

Analysts predict Malaysia-based Intria's emergence as a giant infrastructure company with strong political connections after corporate restructuring. Intria had acquired interests in a toll-bridge concession, a toll-road operator, a construction firm and a UK civil engineering business. Its market value lies on its being an infrastructure-concept stock rather than on its value based on traditional methods such as price-earnings ratios.

Analysis, Infrastructure (Economics), Securities, Intria

Similar abstracts:

• Abstracts: Bangkok to purchase stake in troubled tollway firm. Amnuay says baht to remain stable for now. Finance minister's plan to aid economy sparks optimism
• Abstracts: Getting taste for global risk: investors in Japan react to dollar's recent drop. Japan stocks offer investors a hedge
• Abstracts: Tit for tat. Delayed action. Trouble, trouble
• Abstracts: Megawati rejects charges of ties to neo-Communists. Indonesia's Megawati tries to remain in public eye. Veteran economic trouble-shooter to face tough battle: but unassuming Widjojo has a record of sucessful crisis management that dates from the '60s
• Abstracts: Thai economic report leaks out; how is a mystery. Thai lender shows vigor: National Finance & Securities deemed good bet

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.