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Nestle to remain resilient
PETALING JAYA: While rising commodity prices pose a challenge to the food and beverage industry this year, Nestle (M) Bhd will likely see its margins somewhat protected, thanks to the company’s hedging policy.
IOI Corp poised to record stronger earnings in H2
PETALING JAYA: IOI Corp Bhd is expected to post robust earnings for the second half of its financial year ending June 30,2021, driven by its plantation segment on rising crude palm oil (CPO) prices.
Malakoff to bounce back
KUALA LUMPUR: Despite a lacklustre performance by Malakoff Corp Bhd for the financial year 2020 (FY20), analysts are still holding out on the company due to its stable earnings prospects.
Mah Sing’s affordable housing project boost
PETALING JAYA: Mah Sing Group Bhd’s acquisition of a 100-acre piece of land in Sepang is set to boost the developer’s near-term sales performance and will have a limited impact on its balance sheet
The week that was - Car sales, planters harvest, Kossan
THE re-introduction of the movement control order (MCO 2.0) has impacted car sales, according to the country’s biggest automotive group.
KLCI steps back 0.68% to below 1,600-level
KUALA LUMPUR: Despite opening higher at the start of the opening bell, the local bourse succumbed to profit taking activities, echoing regional equity performances.
UMB may return to profitability in FY21
KUALA LUMPUR: United Malacca Bhd (UMB) is expected to return to profitability in the financial year 2021 (FY21) with a core net profit of RM22mil, says CGS-CIMB Research.
The Week That Was - Fuel price, EPF, palm oil, Seadrill
THE finance ministry on Wednesday announced it will cap fuel prices below 2019 levels as the benchmark Brent crude futures reached its highest in 13 months.
