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KUALA LUMPUR: Affin Hwang Capital research maintained its hold call and target price of RM137 on Nestle (Malaysia) Bhd following the release of its latest quarterly earnings.
KUALA LUMPUR: UEM Sunrise Bhd's sale of its Mayfair project at St Kilda Road in Melbourne is oportunistic as the take-up rate for the project has not been encouraging since its launch two years ago, says RHB Investment research.
TOKYO: Nissan Motor Co. withdrew its dividend outlook and said it’s now undecided on a payout, dealing an unexpected blow to top shareholder Renault SA.
NEW YORK: Global equity markets and the dollar rose on Tuesday as U.S. President Donald Trump reiterated the United States is close to signing a trade deal with China but offered no new details.
JOHANNESBURG: South African Airways has started a restructuring process that could see the cash-strapped state-owned carrier cut its workforce by almost a fifth.
SAN FRANCISCO: Alphabet Inc’s Google has signed its biggest cloud computing customer in healthcare to date, in a deal giving it access to datasets that could help it tune potentially lucrative artificial intelligence (AI) tools.
TOKYO: In a disappointing third quarter earnings season for Japan Inc, one prominent theme is that moves in the yen have been a particular headache.A total of 438 Tokyo-listed companies have cut their full-year earnings guidance, according to data compiled by Bloomberg. Fifty-six of them announced a change to their currency expectations in addition to their lowered profit forecasts.
KUALA LUMPUR: AmInvestment Research is maintaining its ‘buy’ call on Berjaya Food (BFood) but with a lower fair value (FV) of RM1.57 versus RM1.95 a share previously.The research house reduced the company’s full-year earnings forecast for FY20F, FY21F and FY22F by 21.4%, 17.9% and 13.0% respectively.
KUALA LUMPUR: RHB Research reiterates its ‘buy’ on Dialog Group, with a sum-of-parts derived target price of RM4. This is 17% above the stock’s closing price of RM3.43 on Monday.Dialog’s Q1 net profit ended Sept 30,2019 rose 19% year-on-year (y-o-y), largely led by the full contribution from Pengerang Terminals (Two) (PT2SB) and higher maintenance work orders from the master service agreement (MSA).
KUALA LUMPUR: Sime Darby Bhd is looking at trimming its non-core assets, even though it is not in a hurry to do so, as part of its five-year plan to create value for the group two years after its demerger exercise.