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KUALA LUMPUR: Share price of Zecon Bhd jumped to a high of 66.5 sen in afternoon trade on Thursday, after it posted much improved results in the first quarter ended March 31,2020.
KUALA LUMPUR: Zecon Bhd’s net profit in the third quarter ended March 31,2020 jumped by 59.6% to RM9.15mil from RM5.73mil a year ago on the back of higher revenue due to a hospital and road projects.
KUALA LUMPUR: Maybank Investment Bank Research expects the fourth quarter ending July 31,2020 for infrastructure-property company Gamuda Bhd to be better as work pace at its projects has picked up after the government allowed construction activities to resume from May 4.
PETALING JAYA: Muhibbah Engineering (M) Bhd’s earnings for the first quarter of financial year 2020 were below analysts’ expectations as net profit plunged 85% year-on-year (y-o-y) to RM5.1mil.
KUALA LUMPUR: Business volumes in the aviation and port sectors are expected to see an improvement in the second half of the year but may not return to pre-Covid-19 levels even next year, says Affin Hwang Capital research.
WASHINGTON: U.S. home sales dropped to their lowest level in more than 9-1/2 years in May, strengthening expectations for a sharp contraction in housing market activity in the second quarter following disruptions caused by the COVID-19 pandemic.
LONDON: Gold, forests, property stocks, inflation-linked bonds – these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber.
PETALING JAYA: A total of 22,960 vehicles were sold last month, with nearly 60% of the units comprising national makes as more customers opted for smaller engine capacity vehicles or more fuel efficient cars in light of the economic uncertainty.
LONDON: Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the view that the recent explosion of government spending and central bank stimulus may finally rouse inflation from its decade-long slumber