Thai-asset link may not taint prospects of ST Capital

Article Abstract:

Stock analysts are wary of recommending a buy option on the stocks of Singapore's ST Capital due to the financial institution's sizable investments in Thai financial instruments. Analysts are worried over the potential exposure of ST Capital once the Thai government devalues its currency. Analysts estimates that the firm may have invested about 10% of its assets on Thai papers, but company officials pegged its investments at 5%. ST Capital shares closed at S$1.75, a 31% decrease from a high of S$2.53 last Feb. 14, 1997. ST Capital has ventured into fixed-income arbitrage and interest-rate swaps after its activities in traditional markets such as car financing fizzled due to heavy competition.

Financial Corporations, Singapore, Financial institutions, ST Capital

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A return to fundamentals

Article Abstract:

Financial markets are witnessing an increased use of balance sheet fundamentals as investors abandon the use of red chips stocks. The trend can be traced from the evolution from a bullish market setting to a bare one. Previously, entrepreneurs are reluctant to invest in companies which use balance sheets to record their transactions due to fears that they would miss growth opportunities. However, recent market conditions favor firms which possess robust balance sheets and have revenues in US dollars.

Evaluation, Stocks, Investments

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Plantation issues resilient

Article Abstract:

Reports of declining demand for palm oil have created adverse effects on Malaysia's stock markets, forcing plantation stocks to drop massively. After gaining by as much as 8.8% in the composite index during the second week of Aug 1998, plantation stocks dropped massively by 19% during the same period. The trend eventually compelled fund managers to abandon their stocks, although growth opportunities are high.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Open-End Investment Funds, Investment Funds & Trusts, HOLDING AND OTHER INVESTMENT OFFICES, Economic aspects, Exchanges, Malaysia, Plantations

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