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THE second quarter earnings season holds no major surprises for corporate Malaysia. With the economy grouded to a halt due to the movement control order, most businesses were already anticipated to be badly hit operationally and financially. However, glove makers are clearly an exception.
KUALA LUMPUR: AMMB Holdings Bhd is expecting a loss of RM25mil in revenue for every 25 basis points (bps) cuts in the overnight policy rate (OPR), which has projected to be around 1.25-1.50 per cent for 2020.
KUALA LUMPUR: Stocks to watch on Thursday include Dagang Nexchange Bhd, TSH Resources Bhd, Berjaya Corp Bhd, Salcon, AirAsia X Bhd (AAX) and AMMB Holdings Bhd, according to JF Apex Research.
PETALING JAYA: AMMB Holdings Bhd posted an underlying net profit of RM416.7mil, up by 6.5%, in the first quarter (Q1) ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provision
KUALA LUMPUR: AMMB Holdings posted underlying net profit of RM416.7mil, up by 6.5%, in the first quarter ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provision. It said on
Lenders to remain in the black despite Covid-19 threat
KUALA LUMPUR (Bernama): The High Court here heard today that Datuk Seri Najib Tun Razak had already known that transactions were made in his accounts in 2016 but the former prime minister only filed a civil action against AmBank and its former relationship manager, Joanna Yu Ging Ping, after Yu testified in the SRC International case.
KUALA LUMPUR: The High Court was told that former prime minister Datuk Seri Najib Razak knew about the “manipulation” of his bank accounts back in 2016 but waited until his trial in 2019 to act against the bank and his former bank relationship manager.