They expect their Thailand and Malaysia associates to show good performance in 2000, but prospects for their Indonesia and Philippine associates are not so great yet. IFS has also joined Australia's Colonial State Bank in financial services venture allowing it to enter factoring and financing markets in Australia. They will focus on making medium and long-term capital available for the manufacturing and industrial sector. Profits have been flat, with the exception of 1998 when the company slipped to a loss.
Profit margins are attractive.
The company did come back in 1999 with healthy profits on lower revenue due to income from venture capital investments, lower provisions for doubtful debts and improved overall performance from a recovering regional economic environment. The study is offered for informational purposes only and should not be regarded as individual advice or used as the sole basis for any investment decisions. Individual investors should seek the advice of a professional, as appropriate, regarding the evaluation of any specific information, opinion, advice, or other content. SPH AsiaOne Ltd. All rights reserved. They do not constitute investment advice, financial services or endorsements with respect to any company, security or investment.