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PETALING JAYA: Despite lower earnings, the outlook still looks bright for Sunway Bhd, premised on the group’s improving unbilled sales and robust outstanding order book.
KUALA LUMPUR: Affin Hwang Capital research has cut its 2020-2022 earnings forecasts on Sunway Bhd as its recent results showed that earnings contracted faster than anticipated.
Oil and gas exposure and the worsening economy the cause
Revenue contribution to be higher than construction line soon
WITH the conditional lifting of the MCO from May 4, many businesses will begin to operate, albeit with reduced staffing to comply with social distancing standard operating procedures (SOPs). The government is right to strike a judicious balance between health issues and the economy.
PETALING JAYA: Resorts World Las Vegas (RWLV) may take time to establish itself in a competitive market and report net losses for the financial years 2021 and 2022 (FY21 and FY22).
IT seems like a distant memory now of the events from the initial Covid-19 outbreak that hit the tourism-related industry.
PETALING JAYA: Low cost carrier AirAsia Group Bhd is in need of an urgent intervention to save itself.
KUALA LUMPUR: The High Court heard that the Malaysian Anti-Corruption Commission (MACC) had suggested for Datuk Seri Najib Razak to be charged under Section 403 of the Penal Code over the 1Malaysia Development Bhd (1MDB) scandal but it did not materialise as there was insufficient evidence to back up the case.