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Key Stocks Falling: Profit Woes (Bloomberg)
By David Yong

6/3/2001 5:50 am Tue

[Tiap yang naik akan turun kalau ia sentuhan manusia. Itulah yang berlaku kepada pasaran saham masakini. Saham utama Malaysia banyak yang menjunam dan syarikat berteknologi tidak ketinggalan. Begitu juga syarikat gergasi judi dan institusi perbankan. YTL nampaknya membeli balik saham sendiri.

Lapuran kewangan yang kurang memberangsangkan beberapa syarikat besar di Malaysia membuatkan para penganalis mengecilkan optimis keuntungan masa depan. Ini adalah impak dari kelembapan ekonomi A.S. yang terpapar dalam lapuran kewangan syarikat besar disana. Keyakinan pengguna begitu lemah hingga ia bakal menggugat prestasi syarikat pengeluar barangan domestik.

Perhatikan beberapa saham yang banyak dibeli EPF kebelakangan ini meragam.... - Editor]


http://quote.bloomberg.com/fgcgi.cgi?ptitle=Securities%20 Firms%20News&b1=ad_bottom1&br=blk&tp=ad_topright& T=wealthstory.ht&s=AOqMh3BZQTWFsYXlz


Malaysian Stocks Fall, Led by Unisem and Genting on Profit Woes

Kuala Lumpur, March 5 (Bloomberg) -- Malaysia's key stock index fell to a six-week low, paced by chipmakers such as Unisem Bhd., after Oracle Corp. said it would miss profit forecasts, fueling concerns demand for Asian goods will slow.

Large capitalized stocks also dropped after a recent spate of poor results, including from Telekom Malaysia Bhd. and Genting Bhd., prompted analysts to trim their earnings forecasts for 2001.

``We are getting some impact from some weak results at the tail-end of the U.S. reporting season,'' said Geoff Aw, who helps manage 3 billion ringgit ($790 million) at Great Eastern Life Assurance (Malaysia) Bhd. ``Consumer confidence is also weak so it will affect'' some domestic-oriented companies.

The Kuala Lumpur Composite fell 4.14, or 0.6 percent, to 698.93. The broader KL Emas Index fell 1.07, or 0.7 percent, to 162.20.

The following shares are active on the Kuala Lumpur Stock Exchange.

Chipmakers and other technology-related stocks fell on profit concerns as more U.S. peers reported disappointing profits. Oracle Corp. said quarterly profit missed forecasts, helping to push the Nasdaq Composite Index down 3 percent on Friday. Unisem Bhd. (UNI MK ), the country's second biggest publicly traded chipmaker fell 35 sen, or 4.3 percent, to 7.75 ringgit. Rival Malaysian Pacific Industries Bhd. (MPI MK ) fell 20 sen, or 1.2 percent, to 16.20 ringgit. Mesiniaga Bhd. (MESI MK ), which distributes International Business Machines Corp. computers, dropped 12 sen, or 2.8 percent, to 4.14 ringgit. Nikko Electronics Bhd. (NIKKO MK ), the world's biggest maker of radio-controlled toys, fell 6 sen, or 1.6 percent, to 37.8 ringgit.

Genting Bhd. (GENT MK ), the nation's sole casino owner, fell 10 sen, or 1 percent, to 9.70 ringgit after it suffered a loss for the first time in more than a decade in 2000. That led analysts to cut their profit estimates by 3 percent for 2001, according to IBES International. Telekom Malaysia Bhd. (T MK ) fell 20 sen, or 1.7 percent, to 11.80 ringgit. Analysts cut their estimates by an average 7 percent on Telekom earnings for 2001, according to IBES.

Banks such as No. 1 lender Malayan Banking Bhd. (MAY MK ) fell after the central bank said it would allow Citibank NA, HSBC Holdings Plc and 12 other foreign lenders greater access into the financial markets from 2007. Maybank fell 20 sen, or 1.4 percent, to 14 ringgit. Commerce Asset-Holding Bhd. (CAHB MK ), owner of the second largest Bumiputra-Commerce Bank, dropped 5 sen, or 0.7 percent, to 7.55 ringgit. Hong Leong Bank Bhd. (HLBK MK ) lost 6 sen, or 1.8 percent, to 3.22 ringgit after Bank Negara said it will force family owned banks to reduce their stakes in lenders in favor of corporate investors. Hong Leong Bank, controlled by tycoon Quek Leng Chan, has fallen 4.7 percent in six straight days. AMMB Holdings Bhd. (AMM MK ), controlled by Azman Hashim, fell 6 sen, or 1.7 percent, to 3.38 ringgit.

Cahya Mata Sarawak Bhd. (CMS MK ), a cement-making and banking group, gained 5 sen, or 2.4 percent, to 2.17 ringgit on optimism it will benefit most from the revival of the $2.4 billion Bakun Dam project in the eastern state of Sarawak.

Land & General Bhd. (LGH MK ) fell 1.5 sen, or 4.1 percent, to 35.5 sen. The real estate developer denied a Business Times report that it formed an agreement with Australia's Far East Consortium Holdings Pty Ltd. to build a tower in Melbourne. However, Land & General said its unit, Lang Australia Pty Ltd., is discussing with Far East to develop a piece of land in a joint venture.

Malaysian Resources Corp. (MRC MK ) fell 4 sen, or 3.2 percent, to 1.22 ringgit. The diversified property, power and media company said it sold 920 million ringgit of Islamic bonds to refinance its debt and pay for its real estate and hub project.

OSK Holdings Bhd. (OSK MK ) fell 5 sen, or 2.8 percent, to 1.74 ringgit. The stock brokerage bought back 177,000 shares for 317,161 ringgit, or between 1.77 ringgit and 1.80 ringgit a share.

YTL Cement Bhd. (YTLC MK ) rose 2 sen, or 0.7 percent, to 3.10 ringgit after the cement maker said it bought back 462,000 shares for 1.4 million ringgit, or between 3.00 ringgit, or 3.10 ringgit.

YTL Power International Bhd. (YTLP MK ) fell 4 sen, or 1.4 percent, to 2.73 ringgit. Malaysia's third largest power company said it bought back 82,000 shares for 226,136 ringgit, or between 2.72 ringgit, or 2.77 ringgit a share.

Link Reference : Bloomberg.com