KUALA LUMPUR: Staple producers are broadly expected to outperform retailers in the coming year as consumer spending is kept afloat, especially among the lower-income group. Affin Hwang Capital research said it forecast sector 2020 core earnings per share growth of 4% year-on-year, mainly driven by large-cap staples. “Post-revision, we project overall sector EPS to recover […]
Read MoreKUALA LUMPUR: Given the drop in global trade from the Covid-19 outbreak, coupled with a global tech downcycle and weaker commodity prices, the downside risks on Malaysia’s exports and imports are expected to remain in the near future. AmBank Research said the downside risks on Malaysia’s exports and imports are reflected by the poor manufacturing […]
Read MorePETALING JAYA: Malaysia’s exports in January 2020 fell 1.5% to RM84.08bil from a year ago, but was better than the Bloomberg forecast of 1.6%, as trade was impacted by lower exports to China. The International Trade and Industry Ministry (Miti) said imports slipped 2.4% to RM72.08bil versus the survey of a 1.4% decline. Malaysia recorded […]
Read MoreKUALA LUMPUR: Following MALAYAN BANKING BHD’s (Maybank) footsteps, three other major banks have also revised their base rate and base lending rate downwards by 25 basis points, in line with the reduction in the overnight policy rate by Bank Negara. They are Public Bank, RHB Bank and Hong Leong Bank. Maybank was the first bank in […]
Read MorePETALING JAYA: The overnight policy rate (OPR) cut, coupled with the economic stimulus package, should buffer the impact of Covid-19 outbreak on the economy. The domestic economy is slated for a gradual pickup in the second half of the year, in line with the stimulus package and OPR rate cut gradually taking effect. However, this […]
Read MorePETALING JAYA: Malaysia’s imports and exports are expected to have contracted by 6.6% and 5.1% respectively in January, resulting in a RM12.bil trade surplus for the month, said RAM Ratings. The rating agency said that this was largely due to seasonally subdued regional industrial activity during the lunar new year festivities. It said this was […]
Read More
Thailand
