Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (60)	1/14/2001 2:19:05 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

MARKET TALK-SG-KL: PCRD Up On Bargain-Hunting 1027 [Dow Jones] SINGAPORE: Pacific Century Regional Development (P60) shares up 3.5% at 88.5 Singapore cents on bargain-hunting. Traders say most negative news relating to HK unit Pacific Century CyberWorks already factored into PCRD price, including PCCW's expansion plans likely limited by absence of new funding. HK Economic Times says PCCW won't seek financing for global submarine fiber project 1 CyberNetwork in near term, citing deputy chairman Francis Yuen. Comment follows recent cut in size of loan taken by cable JV with Telstra to US$1.5 billion from US$2 billion; PCCW had to pay higher interest rates.(AXH) 1022 [Dow Jones] MALAYSIA: Idris Hydraulic (1112) shares down 13.2% or 2.5 sen at 16.5 sen as they resume trade; investors reducing holdings on worries of capital reduction and proposed revised restructuring plan. Main concerns include creditors being sole beneficiaries of plan while minority shareholders likely required to inject more capital through proposed rights issue. Adds company's outlook still uncertain given its decision to concentrate on insurance business.(VGB) 1019 [Dow Jones] Nikkei up 1.45% at 13392.38 midday on futures-led buying along with Nasdaq-driven high tech gains, say traders; "the impact of Nasdaq's third straight day gain is large," says Japan brokerage general manager. Volume up on January Nikkei stock options settlement quotation; some cash Nikkei profit-taking likely in afternoon but downside should be limited.(YOT) 1016 [Dow Jones] SINGAPORE STOCK CALL: NetResearch says downside for semiconductor stocks may be limited to 20% from current prices as these prices have factored in whole series of profit warnings and lowered guidance from semiconductor companies. Says most semiconductor stocks trading at valuations comparable to troughs in previous cycles. Recommends Chartered Semiconductor (C27) and ASTI Holdings (575) as buys at current levels; Chartered up 3.8% at S$5.15; ASTI untraded at 79 Singapore cents.(GEY) 1011 [Dow Jones] MALAYSIA: Gamuda (5398) shares up 1.7% at MYR3.66 after Chairman Talha says construction unit has MYR3.5 billion in orders this year to fuel growth with increasing contributions from SSP3 water treatment plant and Sprint expressway. Adds future Kuala Lumpur Elevated Expressway project will ensure continuity in construction earnings. Local analyst says KLEE project has been set aside as deemed not financially viable; says Gamuda has been given concession but no indication from government that project has been revived.(VGB) 1005 [Dow Jones] SINGAPORE: Construction firm Presscrete (516) responds to SGX query, saying it's unaware of any reason for recent increase in price and volume of its shares. Shares closed 14.3% higher at 20 Singapore cents on volume of 1 million shares yesterday vs 10,000 shares Wednesday. Traders say they're also unaware of any rumors to move second-liner. Shares flat at 20 cents.(CWS) 1000 [Dow Jones] SINGAPORE: Shares of defense-linked ST Engineering (S63) up 0.4% at S$2.81 with buy orders through ING Barings and UBS Warburg, indicating index-linked buying by European funds, traders say. Some hopes of rebidding for US$4 billion contract to supply U.S. Army with armored vehicles also helping shares.(AXH) 0958 [Dow Jones] SINGAPORE: Tech stocks mostly up as bargain-hunting gains momentum, although some profit-taking kicking in after initial euphoria over Nasdaq's overnight gains. Venture (V03) up 2.3% at S$13.50 and Omni (O13) up 2.3% at S$2.63 on belief bad news fully factored in market even though there is continuing stream of bad news from those companies' large U.S. customers such as Hewlett Packard. Datacraft (D06) up 3.9% at US$5.05 after shares of major customer Cisco rose 8% last night, trader says.(GEY) 0954 [Dow Jones] MALAYSIA: Guinness Anchor (3255) shares untraded at MYR3.20 on The Sun report quoting MD Terry Challenor it is installing MYR50 million bottling line to boost production as part of company's 5-year MYR100 million capex program. Investors more concerned about Guinness' apparent loss of market share to Carlsberg Brewery (2836) and its marketing strategy, which has resulted in Guinness products cannibalizing market share within company.(VGB) 0947 [Dow Jones] SINGAPORE: CapitaLand (C31) shares down 2.5% at S$2.75 on worries over slower rate of GDP growth and likely lower spending on property. Shares ignoring news of Internet portal for global building and construction industry; CapitaLand unit pFission will take 25% stake in portal; BuildVest, backed by major local contractors and consultants, and Internet solutions provider icFox will also take 25% stakes each. Financial details not yet available.(APR,AXH) 0943 [Dow Jones] MALAYSIA: Ekran (3085) shares up 4.9% at 85 sen on speculation Bakun hydroelectric dam project will be revived at its original scale, costing close to MYR15 billion, says trader; Ekran was lead contractor for project before it was suspended. Ekran Warrants (3085W) also driven higher as cheaper entry into same play, gaining 14.7% at 43.3 sen.(VGB) 0933 [Dow Jones] MALAYSIA: YTL Corp (4677) shares up 0.8% at MYR4.98; trader says interest in stock driven by company share buybacks, which CEO Yeoh openly supported 2 weeks ago, saying current share valuation doesn't reflect true value of company.(VGB) 0929 [Dow Jones] SINGAPORE: Bargain-hunting in heavily weighted DBS (D05) and SingTel (S12) keeps STI in positive territory; index up 0.1% at 1916.78. Rises lead falls 121 to 94 with 94 stocks flat or untraded. Volume thin at 18.3 million shares. Positive sentiment in regional markets also helping shares but traders say caution before weekend and Hewlett Packard's profit warning likely to cap gains, leaving STI in 1910-1930 range.(AXH) asia.biz.yahoo.com