Ramatex spins profits in threadbare market: run of the mill contributes to success at Malaysian textile company

Article Abstract:

Securities analysts in Malaysia recommend a 'buy' option on the stocks of textile producer Ramatex, for its stellar performance in an otherwise depressed Malaysian stock exchange. Ramatex owes its financial performance to its US dollar earnings, earned from its manufacturing contracts from such international brands as Adidas and Puma. Ninety percent of Ramatex's production is for export, which insulates the company from Malaysia's economic slump. Ramatex's after tax earnings in 1998 is estimated to increase by 37% to 151.2 mil ringgit ($36.7 mil), with a 33% increase anticipated for 1999, equivalent to 201.7 mil ringgit. Ramatex posted after tax earnings of 110.1 mil ringgit for 1997.

Securities industry, Malaysia, Securities, Ramatex Textiles

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Ramatex debt float shows dollar loans are still on tap

Article Abstract:

The approval of Ramatex Bhd's dollar loan demonstrates that companies with solid earnings can still tap international capital markets for business financing. The company was able to float a dollar denominated $80 million debt issue without paying incredibly high rates because the company's profits are less exposed to currency devaluation in the local markets unlike other companies. Ramatex will use the money to construct a yarn-spinning and knitting factory in an industrial park in Suzhou, China, that is managed by the Singapore government.

Business Financing, Finance, Ramatex Bhd.

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Asia's woes have limited impact on cautious U.S. banks

Article Abstract:

Analysts are optimistic that US banking institutions will meagerly be affected by the recent Asian crisis, as the industry underscores lesser involvement with Asian investors. Statistics revealed that US banks lent a total of $34.2 billion to Asian countries, which is only a third of the total loan extended by Japanese banks to the region. US banks are further reducing their exposure to financial risks by limiting loan grants exclusively to their credit-worthy clients.

Business Credit Institutions, All Other Nondepository Credit Intermediation, Banking industry, Analysis, Commercial banks, Evaluation, Economic aspects, Commercial finance companies, Asia, Loans

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