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A drop in earnings calls for a cautious approach in tackling the pandemic
REVIEW: Trading on Bursa Malaysia took on a frenetic pace over the past week with a record daily trading volume of 11.21 billion shares recorded on Monday as investors flocked to equities in an an attempt to catch a rally.
PETALING JAYA: CIMB Group Holdings Bhd has reported a profit before tax for the first quarter ended March 31 of RM714mil, down 55.5% from the pre-tax profit of RM1.6bil it made for the same period a year earlier, hit by a spike in provisions and lower non-interest income.
PETALING JAYA: CIMB Group Holdings Bhd today said its profit before tax for the first quarter ended March 31 stood at RM714mil, down 55.5% from the pre-tax profit of RM1.6bil it made for the same period a year earlier, hit by a spike in provisions and lower non-interest income.
WASHINGTON: The United States said on Thursday it will withdraw from the 35-nation Open Skies treaty allowing unarmed surveillance flights over member countries, the Trump administration's latest move to pull the country out of a major global treaty.
PETALING JAYA: A re-rating of Telekom Malaysia Bhd (TM) is likely if it is included in the FBM KLCI index with the review expected in June.
Amid the challenges posed by the Covid-19 pandemic, Genting Bhd posted a lower revenue of RM4.1bil for the first quarter (Q1) ended March 31,2020, compared with RM5.6bil in the previous corresponding quarter.
PETALING JAYA: Malaysia’s largest listed banking group Malayan Banking Bhd (Maybank) has cautioned about its “very challenging” outlook and the likelihood of potential margin compression ahead, as it began the financial year of 2020 (FY20) with marginal loans growth and a decline in total deposits.