Successful launch predicted for shares of Indonesia's PSM

Article Abstract:

Putra Surya Multidana's (PSM) initial public offering on April 25, 1997 is expected to draw strong response from investors who will be attracted by PSM's management and performance. Subscription for shares is predicted to exceed the number of share offering. PSM is an Indonesian motorcycle financing company that showed phenomenal growth by targeting the working class who have no previous loans. PSM's bad debt losses reportedly posted a mere 0.5% of overall loans as strict credit collection is implemented.

Mortgage and Nonmortgage Loan Brokers, Consumer Loans, Financial services industry, Finance, Financial services, Personal loans, Putra Sulya Multidana

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Asia's interest-sensitive shares face dilemma over selling

Article Abstract:

Some analysts deemed it wise to sell Asian property and banking stocks in response to the US economy's growth during the July to September period in 1998. For some investors, a further plummet in US interest rates by mid-1999 will improve global liquidity and hasten the reduction in regional interest rates. However, if strong evidences in the US weaken the case for easing rates, investors may choose to start securing gains on interest-sensitive Asian stocks.

Analysis, Economic aspects, Economic policy, Asia, Investors, Bank stocks

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GAB set for public offering

Article Abstract:

General Asia Banking of Thailand has received banking licenses on the condition that it will hold its initial public offering by year's end. The Thai banking industry has been beset by bad loans and the new bank's future is being questioned by some entities. Banking executives from the company, however, are optimistic that the new bank would perform relatively well since it has no bad loans.

Banking industry, Thailand, Securities, General Asia Banking

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