Malaysian market may gain if it's restored to indexes

Article Abstract:

The Malaysian stock market is predicted to recover once the country is listed anew in benchmark indexes used by global fund managers. The country was dropped from the developed and emerging market indexes of Morgan Stanley Capital Indexes (MSCI) following its imposition of capital controls. Market observers believe that once Malaysia eases its capital controls, it will be readmitted to the MSCI indexes. There are talks that Malaysia will substitute its one-year lock-in on foreign holders of local stocks with either an exit tax on short-term capital flows or a preference system for longer-term investors.

Securities Dealers, Investment Banking and Securities Dealing, Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Security brokers and dealers, Management, Exchanges, Securities, Stock price indexes, Morgan Stanley Capital International Inc.

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How a small auto-parts maker reinvented itself to grow

Article Abstract:

AIC Corp., a Malaysian-based auto parts manufacturer, has reinvented itself to grow by shifting toward semiconductor assembly during the current crisis in Asia. AIC decided to diversify from its core business of auto-parts production so it would not rely heavily on government-sponsored projects, which is the one sure way to succeed in auto-parts industry. AIC began its shift to semiconductor in 1996, and was able to obtain a major client with California-based Atmel Corp. An analyst forecasts AIC's operating profit to soar more than 40%, to 43 million ringgit, or $10.5 million, in 1998.

Comment:

Reinvents itself to grow by shifting toward semiconductor assembly during the current crisis in Asia

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Strategy & planning, AIC Corp., Article

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Leak in Gamuda's outlook

Article Abstract:

The financial outlook is uncertain for Malaysian construction company Gamuda, as its venture into cellular-phone battery production has been controversial. Dyna Plastic, the battery maker 44% owned by Gamuda, is behind its target production levels, but some analysts believe that the investment could still be very profitable for Gamuda.

Nonbuilding Construction, Highway, Street, Bridge, and Tunnel Construction, Storage Battery Manufacturing, Bridge, tunnel, & elevated highway, HEAVY CONSTRUCTION, EX. BUILDING, Storage batteries, Rechargable Batteries, Construction industry, Heavy construction, Forecasts and trends, Rechargeable batteries, Battery industry, Gamuda Bhd., Dyna Plastic

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