Old connections become a liability fo Citra Marga

Article Abstract:

Citra Marga Nushapala Persada's performance in the Indonesian bourse remains low and investment advisers attribute this to the government's plan of instituting sweeping reforms. The company is controlled by Pres Suharto's eldest daughter and investment advisers warn against companies with political connections and financial troubles. Citra Marga officials maintain however, that the stock market's reaction is exaggerated and does not reflect the company's performance.

Indonesia, Citra Marga Nusaphala Persada

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Malaysian market weighs Litrak's offer

Article Abstract:

Malaysia's new listing guidelines for infrastructure-related companies were introduced to allow such companies to go public even without the benefit of a track record of profits. The initial public offering of electricity generator Powertek, the first to list under the guidelines, was poorly received by investors. Toll-road operator Litrak Holdings, which will be listed on Dec. 19, 1996, hopes to fare better at the market than Powertek.

Electric utilities, Transportation industry, Litrak Holdings

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Praise for Tanjong's buy

Article Abstract:

Malaysian gambling firm Tanjong PLC has announced its decision to acquire a 22% share in independent power producer Powertek. The firm's move has been praised by some investors who think that it is actually a good deal. Tanjong purchased the stock at $1.18 per share or $4.50 ringgit. While some analysts think that investors should consider buying stock in the firm, others feel that the market may be headed for another correction.

PETROLEUM AND COAL PRODUCTS, Misc. Amusement, Recreation Services, Legal Gambling, Gambling Industries, Energy, Utilities, Investments, Gambling industry, Gambling, Energy industries, Power resources, Energy industry, Tanjong PLC

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