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TAN Chong Motor’s management yesterday hosted an analyst briefing after announcing the termination of its joint venture (JV) with Nissan Motor in Nissan Vietnam Co Ltd (NVL).
KUALA LUMPUR: Shares in Prestariang Bhd continued to slide in early trade in the wake of cancellation of the RM3.5bil national immigration control system (SKIN) concession.
KAWAN FOOD BHD: CGS-CIMB has a positive view on Kawan Food’s new factory in Pulau Indah, Selangor, saying that “we view this positively as the market recognises Kawan Food’s management and its product quality”
PETALING JAYA: Bearish sentiment continued to envelope the stock market as the benchmark FBM KLCI closed lower by 4.73 points or 0.28% to 1,694.99 points as investors weighed the third quarter earnings season.
PETALING JAYA: The weak third quarter corporate earnings surprised many brokers for the missed estimates and signalled a step back in the earnings growth of the companies in the FBM KLCI this year. The poor showing by corporate Malaysia in the third quarter has prompted many research houses to trim their targets and outlook for earnings as they take a cautious stance for 2019.
ANALYSTS attended 7-Eleven’s third quarter review were not surprised by the results, with key discussions on how to improve margins through a better product mix.
WHILE the current property market slowdown has seen many developers pulling back or postponing their launches, it has not however deterred some companies from tweaking their marketing strategies and finding unique avenues to push sales and clear their inventories.