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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.
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.
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.
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.
Analyst reports: E&O, Westports Holding, UEM Sunrise and Malaysian Pacific Industries Bhd
MAXIS’ third quarter of 2018 was largely in line with analysts’ consensus, with a 4% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) quarter-on-quarter (q-o-q) on the back of higher service revenue and lower operating expenditure.