Adidas expects strong rebound, takes Reebok hit

BERLIN: German sportswear maker Adidas AG predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, although its operating profit will be trimmed by costs associated with divesting the Reebok brand.

The Week Ahead - IPI, Top Glove, Japan GDP, China trade, US inflation

Betting on pandemic boom to propel listing

HONG KONG: Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its US$1.9bil Hong Kong listing to break through the headwind of US sanctions and the prospect of slower growth as vaccinations become widespread.

Top Glove bets on pandemic boom to propel ambitious US$1.9bil HK listing

HONG KONG/SINGAPORE/KUALA LUMPUR: Malaysia's Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its $1.9 billion Hong Kong listing to break through the headwind of U.S. sanctions and the prospect of slower growth as vaccinations become widespread.

ANALYSIS: Top Glove bets on pandemic boom to propel ambitious US$1.9bil HK listing

Kuala Lumpur: Analysts said the unknown pace of vaccination programmes mean the world's largest medical gloves maker could command a higher price for its stock by listing sooner rather than later, while the firm when announcing its plan on Friday talked up post-pandemic sales likely exceeding pre-pandemic levels.

Philippine power retailer sees recovery after 30% profit drop

MANILA, Mach 2 (Bloomberg):Manila Electric Co, the Philippines’ largest power retailer, is expected to recover from last year’s 30% profit drop as the economy reopens, its chairman has announced.

AMMB continues to show resilience, TA Research says

KUALA LUMPUR: Despite the challenging operating environment, AMMB continued to demonstrate resilience in its underlying business as revenues remained healthy in the nine-month ended Dec 31,2020, TA Securities Research said.

Absent guidance takes shine off Europe’s stellar earnings season

LONDON: With Europe’s results season wrapping up, the main takeaway has been not the broadest earnings beat in about 14 years, but rather a dearth of guidance from many companies on a still uncertain future.

Buffett upbeat on US and Berkshire

NEW YORK: Not even the coronavirus pandemic could dampen Warren Buffett’s enthusiasm for the future of America and his company Berkshire Hathaway Inc.

Buffett upbeat on US and Berkshire, buys back stock

NEW YORK: Warren Buffett's enthusiasm for the future of America and his company Berkshire Hathaway Inc has not been dimmed by the coronavirus pandemic.