A boost from Beijing may help 3 Chinese tech firms: but these popular mainland companies differ, in spite of their similar rises in share prices

Article Abstract:

Three Hong Kong-listed Chinese high-tech companies may experience an increase investor demand for their shares with the Chinese government's announcement of significant investments in the high-technology sector. Stock market observers recommend Founder (Hong Kong) Ltd with a clear 'buy' rating. The firm's net profits for 1998 is estimated at HK$ 176 mil, a 26% increase from 1997's. Computer manufacturers Legend Holdings and Stone Electronic Technology are also good investment buys. Legend's market share in the mainland PC market expected to increase form 12% in 1997 to about 15% in the coming years.

China, High technology industry, Computer industry, Economic policy, Securities, Fortune (Hong Kong) Ltd., Legend Holdings, Stone Electronic Technology

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Demand returns to bonds

Article Abstract:

The demand for Japanese government bonds increases as a result of heightened apprehension on Japanese economy. The yield on the government's benchmark 10-year bond plunged during the first week of September 1997. Depreciation of bond yields continue due to a belief that Japanese central banks might lower interest rates to improve the economy. The rising interest on government bonds is being attributed to several disappointing economic news, such as continued decline on automobile and department-store sales.

Securities and Commodity Contracts Intermediation and Brokerage, Securities & Investment Svcs, Economic aspects, Japan, Government securities, Investment services

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Softbank confirms reports about talks on Ziff-Davis

Article Abstract:

Softbank Corp. is negotiating with Forstmann Little and Company Inc. to acquire Ziff-Davis Publishing Co. Although it refused to confirm that it was willing to pay $2 billion for Ziff-Davis, Softbank officials stated that it will pay more than Forstmann Little's acquisition price of $1.4 billion in 1994. Softbank hopes to carve a niche market in the emerging information market with the acquisition of Ziff-Davis, which is the largest publisher of computer and high-technology magazines in the US.

Investment Banking and Securities Dealing, Investment Banking, Periodicals, Periodical Publishers, Computer software industry, Software industry, Mergers, acquisitions and divestments, Investment banks, Periodical publishing, Information services, Ziff-Davis Publishing Co., Information services industry, Softbank Corp., Forstmann Little and Co.

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