Free fall in MAA shares may provide opportunity

Article Abstract:

Stock prices of Malaysian Assurance Alliance (MAA) plunged from a high of 16.40 ringgit in Nov. 1995 to only 11.80 ringgit during trading on May 17, 1996. The significant drop in MAA stocks was caused by profit-taking spurred by speculation that a new bill being considered by the Singaporean parliament may adversely affect the profit-sharing of real estate companies. Several analysts and MAA asserted that the panic-selling was an overreaction to the proposed law which will require companies to return a larger portion of yearly surpluses to policyholders, instead of giving them to shareholders.

Insurance Regulation, Economic aspects, Insurance industry, Life insurance industry, Singapore, Insurance law, Malaysian Assurance Alliance

---

Foreigners question Lippo's revamp plan

Article Abstract:

Lippo Group is determined to convince skeptical foreign investors about its restructuring plan for its financial services. The Jakarta-based conglomerate's plan calls for Lippo Securities to increase its stake in Lippo Life Insurance from 4.9% to 32% and for Lippo Life to acquire a 40% holding in Lippo Bank. Under Indonesian regulations, Lippo Group must persuade a majority of minority shareholders in each of the affected firms to consent to the plan.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Planning, Conglomerate corporations, Banks (Finance), Securities industry, Lippo Group

---

Local funds ordered to push up index to level of 1000

Article Abstract:

Malaysia's Kuala Lumpur stock market is expected to post a rebound after the Malaysian government ordered an aggressive buying by government-linked funds. The directive will persist until the stock market's composite index reach 1000 points from its first week of September 1997 rate of 821.59 points. Investors believe that the directive will only be effective on a short term basis.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Trading Regulations, Exchanges, Malaysia, Securities law, Securities trading, Kuala Lumpur Stock Exchange Bhd.

Similar abstracts:

• Abstracts: Hopewell's canceled deal underscores Asia project woes. Foreigners contest award of Thai subway contract. Bangkok's mass-transit project is late, but Hopewell's contract stands firm
• Abstracts: Oil sales in the pipeline. Airport auction in Bolivia
• Abstracts: Comgas sale indicator of Brazil recovery. El Salvador sells power plants. Brazil sells Light for $2.23bn
• Abstracts: Singapore worries about the neighbors. Despite Western Hubris, traditional Asian values didn't. Surging economies in East Asia have room for further long-term growth, study says
• Abstracts: Fund investors are losing their taste for Vietnam. In Japan, GT warrant fund fetches top, steady returns. Jardine Fleming fund limits losses for investors, but returns may be lower

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