Citic Pacific loan raises eyebrows

Article Abstract:

Citic Pacific Ltd. has obtained a loan of HK$12.5 billion ($1.61 billion) from five banks. The China-backed investment holding company will get HK$2.5 billion each from HSBC Investment Bank Asia Ltd., Hang Seng Bank Ltd., Chase Manhattan Bank Asia, Banque National de Paris and JP Morgan Securities. Citic, which has raised its debt-to-equity ratio from 30% to 70% as a result of the loan, is expected to use part of the loan to acquire as much as 20% of China Light & Power Co.

Finance, Citic Pacific Ltd., Government holding companies

---

Contrarian still sees value in some Taiwan stocks

Article Abstract:

China Securities Investment Trust manager Albert King believes that, although corporate earnings growth in Taiwan is predicted at only 5%, there remains promising shares in some Taiwanese companies. Among his bets are Sheng Yu Steel Co., whose pretax-profit is expected to grow at 30% in 1997 from a 47% decline in the previous year, Yieh Phui Enterprise Co. and Formosa Chemicals and Fibre Corp.

Iron and Steel Mills, Plastic Products, Plastics Product Manufacturing, Blast furnaces and steel mills, Galvanized Steel Products, Officials and employees, Forecasts and trends, Plastics industry, Securities, Steel industry, Galvanized steel, King, Albert, China Securities Investment Trust, Yieh Phui Enterprise Co., Sheng Yu Steel Co., Formosa Chemicals and Fibre Corp.

---

Schroder Asia Energy fund builds on long-term fuel

Article Abstract:

Schroder Asia Energy Fund manager Michael Simmonds advise investors interested in stable, long-term capital growth to invest in the fund. Simmonds reports that the $6 million fund consistently generates 15%-20% rate of return yearly. The fund, which invests in oil firms and gas and electric utilities worldwide, posted a 21.48% total return from Jan. to Sep. 30, 1996.

Economic aspects, Economic policy, Mutual funds, Schroder Asia Energy Fund

Similar abstracts:

• Abstracts: Malaysia backs monorail. Firm sees virtual profit in Malaysian video arcades
• Abstracts: Seiyu impresses analyst: contrarian lauds firm's steps to restructure. Small firms are benefitting from shift of talent as big companies cut back on hiring graduates
• Abstracts: Wharton takes on China. Analyst sees hope for Swire: strong income base helps long-term outlook. Swire steadfastly builds its base in China
• Abstracts: Spanish practices. A giant gnome? Bank mergers. Togetherness: Swiss private banks
• Abstracts: The flexible facade: Cladding manufacturer RedBank hopes to capture the imagination of the UK market with the refined version of LockClad

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