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KUALA LUMPUR: Eco World International Bhd’s (EWI) net profit fell to RM5.19mil in the first quarter ended Jan 31 from RM22.75mil a year ago due to higher revenue and profit recognised in the previous corresponding quarter by its joint ventures in the UK.
KUALA LUMPUR: Maybank Investment Bank Research is retaining its Buy call on Yinson and its sum-of-parts based target price of RM7.20 after it results for the financial year ended Jan 31,2020 came in within its expectation but below consensus.
KUALA LUMPUR: Yinson Holdings Bhd has proposed a final dividend that matched last year's payout, as net profit in fourth quarter ended Jan 31 improved to RM64mil.
SHANGHAI: The recent slump in Chinese equities is no buying opportunity for one of the nation’s top performing fund managers.
KUALA LUMPUR: RAM Rating Services Bhd expects Malaysian banks to be resilient enough to weather escalating headwinds on both the domestic and global fronts which pose greater downside risks to their performances this year.
BEIJING: China’s economy will swiftly return to its potential growth rate and there’ll be significant improvement in the coming three months, a senior central bank official said Sunday.
MOST people tend to be very bearish about the stock market after a crash. In fact, most investors would feel that it would be best to avoid the stock market for now.
WITH global economy looking certain to enter into recession, perhaps as early as the second quarter (Q2) of this year, investors are left wondering where to put their money to generate income as practically all asset classes are going through a risk-off cycle.
IT’S been four weeks of pandemonium in the market. Just a month ago, markets across the globe, particularly the Dow Jones and the S&P 500 were at all-time highs.
IT was only last year when there were repeated concerns of an oversupply in the rubber glove industry that hogged the headlines.