Better FY22 results likely

“Moving forward, we expect the same trend to continue for the first half of this year, especially with the banking, automotive and consumer sectors. In addition, sectors with temporary setbacks in 2022, such as healthcare, technology and manufacturing, should recover, along with the leisure and tourism industries,” says Areca Capital's Wong.

PETALING JAYA: The month of February routinely sees many companies in the FBM KLCI releasing their financial results for public perusal, and as always, most of these “report cards” would be encapsulating the performance of corporate Malaysia for the whole financial year.

With 2022 being what is now being considered a bumper year by many quarters following a lockdown-marred 2021, evidenced by the consensus prediction that Malaysia would likely surpass 8% in gross domestic product (GDP) growth for the year, it would be interesting to see how things are translating into solid numbers for companies and their respective sectors.