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Firm expected to show better results in Q1
Many companies in the last three months have to conduct heavy promotions, giving big discounts to clear inventory and to improve cashflow. Profit margins are reduced but the cash inflow helps to pay the rent and staff costs. Not all companies have recovered to this level
KUALA LUMPUR: Public Invest Research expects Hibiscus Petroleum’s RM2bil fund-raising exercise to be dilutive near to medium-term, with significant generation of earnings from its new portfolio asset only likely from 2022 onwards.
National oil company pursues new revenue streams after RM21bil loss
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) posted lower revenue of RM93.6bil in the first half ended June 30,2020 as it was mainly impacted by lower average realised prices for all products and lower sales volume mainly due to processed gas and liquified natural gas (LNG).
PETALING JAYA: Padini Holdings Bhd is expected to see gradual recovery in the second half of 2020, according to a Kenanga Research report.
KUALA LUMPUR: After recording a disappointing FY20, Berjaya Food Bhd could be kicking off the new financial year with a sharp earnings recovery on the back of improving sales volume.
PETALING JAYA: Local hotel operators are expecting occupancy rates to pick up slightly in the final quarter of this year, according to a survey by the Malaysian Association of Hotels (MAH).
I am writing from London while undergoing self isolation in my apartment. I have not written since April primarily because I have nothing positive to write about. It has been a depressing start to the year of the metal rat, the first in the 12-year cycle of the Chinese zodiac.