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PETALING JAYA: The local bourse staged a rebound driven by higher global crude oil price and as well as a cut in key interest rate by the central bank in a bid to encourage borrowing, investment and consumption among businesses and consumers.
THE Covid-19 pandemic has been extremely brutal on businesses that even Malaysia’s well-known and diversified conglomerate, Genting Bhd, could not escape the brunt of the deadly virus outbreak.
Lower feedstock costs may not translate to profit turnaround
KUALA LUMPUR: Brokerage firms expect Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) to face poor contract wins, high execution risks and margin compression to existing work orders from the disruption in the supply chain amid the movement control order (MCO) and oil crisis.
KUALA LUMPUR: Maybank IB Research has downgraded Sapura Energy Bhd to “sell” call from “buy” with a trimmed target price of 4 sen given the challenging outlook ahead in the oil and gas sector.
KUALA LUMPUR: Bursa Malaysia and key Asian markets climbed in early Tuesday trade as investor optimism rode on the strong overnight close on Wall Street but the tumble in crude oil prices is expected to check gains.
PETALING JAYA: In the face of weakening oil prices, the ringgit could face some weakness in the short term before picking up to the RM4.30 to RM4.35 level against the greenback by year end.
PETALING JAYA: Electricity demand in Peninsular Malaysia is likely to fall into negative territory in 2020 due to the movement control order (MCO) - the second time in recent history if so.
IT is a sign of the times when banks are told to start being sympathetic towards their customers and clients.
THE extension of the movement control order (MCO) has put convenience store operators in a spot. Many are looking at ways to cut costs to stay afloat and remain sustainable amid the Coronavirus (Covid-19) pandemic. The country’s largest homegrown convenience store operator Mynews Holdings Bhd is no exception.