Oriental lags Malaysian auto sector as mystery surrounds company's plans

Article Abstract:

The stock of Honda Motor's exclusive assembler and distributor in Malaysia, Oriental Holdings, is performing way below the consensus earnings forecast for 1996. Analysts attribute this underperformance to the failure of Oriental's management to convince investors that it can effectively use its massive assets to bolster shareholders' returns. The June 1996 edition of the Estimate Directory predicts an increase in the firm's earnings per share to 8% for the rest of the year and an addition 7% in 1997. Oriental supporters claim that these figures are much too conservative, and forecast net profit growth 'in the high teens.'

Motor Vehicles, Parts, and Supplies, Motor Vehicles & Eqp Whsle, Motor Vehicle and Motor Vehicle Parts and Supplies Wholesalers, Oriental Holdings Bhd.

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Malaysian auto stocks' low level tempts value hunters

Article Abstract:

Malaysian automobile stocks have dropped due to the renewed strength of the yen against the ringgit. Investment advisers are advocating that investors try out the stocks due to forecasts of strong vehicle sales. Auto shares also dropped for the national car maker due to the loss of its owner and the yet unnamed replacement. Analysts however, cannot predict the exact growth of the sector due to the current volatility of the market and the increased exposure of the sector to currency devaluation.

Motor vehicles and car bodies, Forecasts and trends, Malaysia, Investment advisers

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Further gains seen for TCIL: auto seller's Hong Kong listing aids its rise

Article Abstract:

Automobile seller Tan Chong International enjoyed a boost to its stock prices after its inclusion in the Hong Kong stock exchange. Oddly, the company did not enlist its stock in Singapore, the source of 90% of its business. It is possible that the company's operations in Malaysia and Singapore rubbed on each other and caused the rival countries to raise its stock-exchange barriers to the company. Enlistment in the stock-exchange of neutral Hong Kong would have been easier for the company.

Securities and Commodity Exchanges, Strategy & planning, Company Planning/Goals, Securities Exchanges, Hong Kong, Planning, Finance, Stock-exchange, Exchanges, Securities industry, Securities listing, Stock Exchange of Hong Kong Ltd., Tan Chong Motor Holdings Bhd.

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