First Pacific stirs optimism: analysts turn sanguine on the Hong Kong assets of a Suharto ally

Article Abstract:

The shares of First Pacific Co of Hong Kong, owned by one of Indonesian President Suharto's closest allies named Liem Sioe Liong, have regained confidence. An analyst says he is reassessing his underperformance rating for the shares of First Pacific since the shares are beginning to look very low-priced. However, the possibility of First Pacific acquiring a stake in PT Indofood Sukses Makmur has an adverse effect on the shares of the firm.

Investments, Hong Kong, Securities, First Pacific Company Ltd., Liem Sioe Liong

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Local fund sales are brisk

Article Abstract:

Fund management industry officials in Malaysia say sales of unit trusts to people transmitting money from their retirement accounts at the compulsory Employees' Provident Fund are relatively swift, particularly for fund firms that are able to deploy large sales forces. The brisk sales comes at a time when it is difficult to be asking retail investors to purchase unit trusts amid the Asian financial crisis.

Malaysia

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Thailand back on the Map?

Article Abstract:

Many foreign fund managers are selling into Thailand's composite index despite the fact that since Thaksin Shinawatra's election on January 6, Thailand's composite index has been up by more than 6% at times. Some investors express concern that Thaksin Shinawatra's populist election promises as well as his investigation by Thailand's antigraft agency could have negative economic implications.

Government regulation (cont), Economic Programs, Administration of Economic Programs, Thailand, Use of Funds, Statistical Data Included, Economic policy, Thaksin, Shinawatra (Thai prime minister)

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