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KUALA LUMPUR: While business has been impacted by the ongoing pandemic, IOI Properties Group Bhd expects property sales to pick up post-conditional movement control order (CMCO).
KUALA LUMPUR: OSK Holdings Bhd posted net profit of RM76.76mil in the first quarter ended March 31,2020 amid a challenging period due to the Movement Control Order (MCO) which was implemented on March 18.
PETALING JAYA: Real estate investor and developer Mulpha International Bhd has posted a net loss of RM10.65mil for the first quarter of the financial year ending Dec 31,2020, impacted by its hospitality division and lower share of associated profits.
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.
KUALA LUMPUR: Sunway Bhd posted net profit of RM78.29mil in the first quarter ended March 31,2020 as its revenue was impacted by lower contributions from most business segments except property development and quarry.
PETALING JAYA: Moody’s Investors Service said about 22% of 476 rated non-financial companies in Asia Pacific (APAC) have high exposure to coronavirus disruptions, up from 20% in March, as the effects of the pandemic on companies’ credit quality have become more apparent.
KUALA LUMPUR: Moody’s Investors Service said about 22 per cent of 476 rated non-financial companies in Asia Pacific (APAC) have high exposure to coronavirus disruptions, up from 20 per cent in March, as the effects of the pandemic on companies' credit quality have become more apparent.
Amid the challenges posed by the Covid-19 pandemic, Genting Bhd posted a lower revenue of RM4.1bil for the first quarter (Q1) ended March 31,2020, compared with RM5.6bil in the previous corresponding quarter.