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Results of financial institutions reflect the state of real economy
MUMBAI,: The Reserve Bank of India on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the impact from a two-month long lockdown to contain the spread of the novel coronavirus.
KUALA LUMPUR: RHB Research Institute is keeping its “buy” call on independent power producer (IPP) Malakoff with a new discounted cashflow target price of RM1.09 compared with RM1.05 earlier.
KUALA LUMPUR: Sime Darby Property Bhd posted lower net profit of RM14.20mil in the first quarter ended March 31,2020, down by 94.7% from the RM265.07mil a year ago in the absence of a one-off gain.
KUALA LUMPUR: RHB Research Institute is keeping a Buy call on independent power producer (IPP) Malakoff with a new discounted cashflow target price of RM1.09 compared with RM1.05 earlier.
PETALING JAYA: Ranhill Utilities Bhd’s net profit for the first quarter ended March 2020 came in 14.87% lower year-on-year (y-o-y) at RM18.19mil.
LONDON: The number of people claiming unemployment benefits in Britain leapt in April to its highest level in nearly 24 years, giving the clearest sign yet of the hit from the coronavirus to jobs which is set to deepen in the coming months.
PETALING JAYA: Heineken Malaysia Bhd’s pre-tax profit for the first quarter of its financial year 2020 had seen a growth of 6.3% from the previous year.
PETALING JAYA: Global management consulting firm Mckinsey & Co’s survey on Malaysia’s consumer sentiment in April shows 80% of the respondents are more careful about how they spend money and two-thirds (66%) are cutting back on their spending amid the Covid-19 pandemic.