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Chong SM

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Examining the Troubled Developer Country Garden’s Debt Crisis

China is grappling with a slowdown that has rattled global markets, with the spotlight now focused on troubled developer Country Garden's debt crisis in...

China’s Surprise Rebound, A Ray Of Hope For Asia’s Export-Dependent Economies

Asia's factory activity weakened in August as manufacturers felt the pinch from rising input costs and slowing global demand, but an unexpected rebound in...

Regulators Unveil Plans to Tackle China’s Deepening Property Sector Crisis

China is set to take further action including relaxing home-purchase restrictions as it scrambles to tackle a deepening crisis in its massive debt-riddled property...

WCE Holdings Target Four Sections Of West Coast Expressway For Completion Next Year

WCE Holdings Bhd aims to complete four sections of the West Coast Expressway (WCE), currently under construction, by the end of the financial year...

Anwar: NIMP 2030 To Drastically Enhance Malaysia’s Economic Trajectory

The New Industrial Master Plan 2030 (NIMP 2030) was launched by the Prime Minister Dato’ Seri Anwar Ibrahim at the Ministry of Investment, Trade...

CIMB To Chart Better Loan Growth Amidst Clearer Asset Quality Outlook

CIMB’s 1HFY23 reported a net profit of RM3.42b and declared an interim dividend of 17.5 sen. YoY, 1HFY23 net interest income saw a flattish...

Hong Leong Bank Expects Moderating Growth Come 2024, Stability A Key Feature

Hong Leong Bank (HLBANK)’s FY23 net profit stood at RM3.82b. A final dividend of 38.0 sen was declared, totalling to 59.0 senfor FY23. “YoY, FY23...

Maybank Maintains Resilience, But Current Price Point Should Dilute Dividend

Maybank (MAYBANK) reported a 1HFY23 net earnings of RM4.60b. YoY, 1HFY23 net interest income fell slightly as Net Interest Margins (NIM) were compressed to...

MIDF, MBSB Integration Synergy Can Only Be Derived In Long Term

Malaysia Building Society (MBSB) posts a 1HFY23 net profit of RM157.8m. Although the group registered trivial credit cost of 3 basis points, guidance for...

Samaiden Rides Local RE Wave, Huge Order Book Provides Three Year Earnings Visibility

Year-on-year, Samaiden Group (SAMAIDEN)’s FY23 revenue increased 13%, mainly attributed to the significant work progression for EPCC jobs especially from LSS projects. However, its...

Lower Fleet Utilisation To Contribute To Velesto’s Weak Near Term Quarter

Velesto Energy (VELESTO) believes that current Daily Charter Rates (DCRs) are stabilising at USD130K. On the back of this, the company is now targeting...

Chip Shortages, Loss of Import Rights Contribute To Bleak Outlook For Tan Chong Motor

Tan Chong Motor (TCHONG) is unable to compete effectively in the market in the absence of new launches while its rivals flood the market...

Asia File Corporation’s Margins To Remain Strong Despite Softer Demand

Asia File Corporation (ASIAFLE) 1Q24’s core net profit came in at RM16.0m. There was no dividend paid during the quarter. Despite the revenue dropped...

Petronas Posts Stable 2023 Half-Year Results On The Back Of Softening Energy Prices

For the first half of 2023 (1H FY2023), PETRONAS delivered steady performance amid a marked decline in energy prices, recording a revenue of RM...

CIMB Group Posts Double-Digit Net Profit Expansion To RM3.42 billion In 1H23;

CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) today announced that the Group recorded a net profit of RM3.42 billion for the first...

Malayan Flour Mills 1H23 Adversely Affected By Higher Input Cost, Unfavourable FX

Staple foods producer Malayan Flour Mills Berhad (MFM) continued to see higher input costs and stronger United States Dollar (“USD”) impacting the Group’s financial...

Kerjaya Wins RM125 Mil Contract From Sunrise Alliance

Construction outfit, Kerjaya Prospek Group Berhad (“Kerjaya”) announced that its wholly owned subsidiary, Kerjaya Prospek (M) Sdn. Bhd. has accepted a letter of award...

Micro-Macro Interplay And Their Role In Shaping Nations’ Trajectories: ASB

Understanding the interplay between micro and macro aspects on a global scale is vital for addressing challenges, fostering positive transformations, and shaping the trajectories...

Bank Islam 1HFY23 Net Profit Up 14% To RM254.2 Mil

Islamic financing which makes up 40% of total banking assets have grown in acceptance among the non-muslims. According to Bank Islam Group Chief Executive...

Bank Islam May Surpass Growth Targets As NIM Trajectory Appear Optimistic

Bank Islam Malaysia (BIMB) reports a 1HFY23 net profit of RM254.2m. No dividend was declared as BIMB typically announces a single payment in the...

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