Malaysia developers build up

Article Abstract:

The stocks of companies vying for the contract to build Malaysia's envisioned government administrative center, called Putrajaya, have risen by 30% or more in 1997. The stock prices of Hong Leong Properties, Malaysian Plantations, SP Setia and Malaysian Resources soared after news that they signed preliminary deals with Putrajaya Holdings. Country Heights Holdings' stocks rose after news came out it was seeking an ownership stake in Putrajaya Holdings. Putrajaya Holdings is the state entity established to develop the 20 billion ringgit ($8 billion) project.

Malaysian Resources Corporation Bhd., Hong Leong Properties, Malaysian Plantations Bhd., SP Setia

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Italian-Thai's vulnerability

Article Abstract:

Analysts still recommend the sale of Italian-Thai development Co stocks despite a weak Thai stock market brought about by the devaluation of the baht. The company has held up so far against share price drop but the company's reserves are being stretched. Analysts believe that the company has good-long term prospects that depend much on the IPO for the Banking Transit System Co, which Italian-Thai has an 8% stake.

Thailand, Italian-Thai Development Corporation Ltd.

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B-land's B-toto antes up

Article Abstract:

Malaysian-based Berjaya Sports Toto (B-Toto) is planning to pay the loans of its parent company Berjaya Land, and does not guarantee they will no longer lend money to Berjaya group companies. Shareholders can choose to sell their stocks and take a possible loss, or take the distribution of irredeemable convertible unsecured loan stocks to yield an 8% coupon and convert to B-Toto shares within 10 years.

Malaysia, Use of Funds, All Other Amusement and Recreation Industries, Amusement and recreation, not elsewhere classified, Recreation NEC, Statistical Data Included, Finance, Investments, Leisure industry, Recreation, Berjaya Sports Toto Bhd., Berjaya Land Bhd

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