United Tractor seeks deal

Article Abstract:

Analysts expect Komatsu-brand heavy equipment distributor United Tractors PT to reach a debt restructuring agreement with creditors by Oct 1999, that could position its shares for additional gains. Details of the deal are still being negotiated. The company's fortunes rely considerably on how aggressively it will have to sell its assets to comply with any repayment scheme signed. Some analysts believe that United Tractors' solid reputation and good credit standing could enable it to forge the kind of agreement that would enable it to retain its key cash making assets.

Industrial Machinery Whsle, Industrial Machinery and Equipment Wholesalers, Industrial machinery and equipment, Machinery wholesalers, Industrial equipment and supplies industry, Industrial equipment industry, United Tractors P.T.

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Overnight asset loss

Article Abstract:

The Singapore government's purchase of more than one-fourth of Bukit Sembawang Estates Ltd.'s 603,850-square-meter property portfolio without payment reflects the risky nature of investing in Singapore-based firms with high net asset values. Bukit relinquished 160,161 square meters of property to the government as a condition for securing permits for a number of the firms housing projects. The loss is equivalent to 26% of the firm's land holdings.

Real Estate, Real Estate and Rental and Leasing, Investments, Singapore, Real estate industry, Bukit Sembawang Estates

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Sarawak building boom to boost prospects for land reclaimer HSL

Article Abstract:

Malaysian land-reclamation company Hock Seng Lee (HSL) will be cashing in on the huge prospects for growth in infrastructure in the state of Sarawak which includes projects such as dams and industrial parks. The company is a favorite among investors looking for a stable and highly promising company. Analysts foresee profits of HSL to grow by 20% yearly in the short run. The company is a family-run business.

Heavy construction, not elsewhere classified, All Other Heavy Construction, Land Reclamation Construction, Construction industry, Heavy construction, Land reclamation, Hock Seng Lee

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