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Tencent Holdings Ltd just turned in an impressive quarter, reporting record net income that beat estimates by the most in two years. But the timing is a bit unfortunate.
BERLIN, Nov. 12 (Xinhua) -- Although profits fell by 26 percent year-on-year, Siemens recorded a net income after tax of 4.2 billion euros (4.96 billion U.S. dollars) for the company's full fiscal year 2020 which ended on Sept. 30, the German technology giant announced on Thursday.
SINGAPORE: Singapore banks are seeing a sharp upgrade to next year’s earnings estimates as wealth management fees surge and losses on coronavirus-related loans ease, pointing to a recovery in Asia’s banking industry.
KUALA LUMPUR: Kenanga Investment Bank Research raised its earnings outlook on MRCB-Quill Real Estate Investment Trust (MQREIT) on slightly improved occupancy and lower-than-expected rental rebates in 2HFY20.
Higher revenue and lower cost lift real estate investment trust
KUALA LUMPUR: MRCB-Quill Real Estate Investment Trust (MQREIT) posted a net income of RM21.48mil in the third quarter ended Sept 30, 2020, an increase of 21.77% year-on-year due to higher revenue contribution from certain properties, lower net operating expenses and finance cost.
KUALA LUMPUR: MIDF Reseach believes Nestle (Malaysia) Bhd will be able to capitalise on growing demand for food and beverage as more consumers remain at home during the conditional movement control order period.
BERLIN, Nov. 10 (Xinhua) -- Following losses in the second quarter, operating profit of Adidas improved by more than 1.1 billion euros and reached 794 million euros (937 million U.S. dollars) in the third quarter, the German sportswear manufacturer announced on Tuesday.
Group spent US$16bil for repurchases in first nine months