7-ELEVEN MALAYSIA By Maybank IB Research Rating: Sell Target Price: RM1.12 While the improvement in consumer sentiment bodes well for SEM’s sales outlook, there are headwinds ahead, said Maybank IB. “Minimum wage will raise overheads while the decision to maintain prices post sales tax implementation may dampen margins. Our financial year 2019/2020 earnings are cut […]
Read More[SINGAPORE] Singapore’s small construction firms are likely to face more difficulties repaying debt as a clampdown on property speculation worsens their already tight liquidity. The island’s economy grew at a slower pace in the second quarter than initially projected as construction plunged. Singapore increased stamp duties for developers in July, and also tightened borrowing limits […]
Read MoreThe Hanoitimes – Considering Vietnam’s finance and banking market lucrative, many financial institutions have enlarged their projects in the country based on their sharpened competitiveness in strategic business areas. At a recent meeting with Deputy Prime Minister Vuong Dinh Hue, Yoon Jong-kyoo, chairman and CEO of South Korean’s Kookmin Financial Group, said that his group will […]
Read MoreLast month, 24-hour store Mustafa Centre was found to be disposing of nearly 100kg of fruits and vegetables daily, sparking concerns about food waste in Singapore. According to the National Environmental Agency, the amount of food waste generated in Singapore has increased by about 40 per cent over the past 10 years. This number is […]
Read MoreWest Kalimantan Governor Sutarmidji has said Korean companies Hyundaiand LG will construct biodiesel factories in the province amid the government’s effort to expand the domestic use of the fuel through its mandatory 20 percent blended biodiesel ( B20 ) policy. “We welcome the plan. The opening of the downstream business is in line with the [increasing] demand for biodiesel,” said West Kalimantan Governor Sutarmidji in […]
Read MoreThe Yangon Stock Exchange (YSX) will release rules under the new Myanmar Companies Law which could allow foreigners to trade on the local bourse before the end of the year, U Yin Zaw Myo, managing director of the YSX, said yesterday. The rules are currently being drafted together with the Securities and Exchange Commission of […]
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