Genting declares dividend despite sharp 2Q losses
For the first half FY20, Genting posted a cumulative net loss of RM918.37 million against a net profit of RM1.16 billion a year ago.
WCE posts fifth straight quarterly loss; dragged by recognition of interest expenses
In a bourse filing, WCE said its finance costs jumped to RM41.02 million compared with RM3.05 million in 1QFY20.
Genting worst-hit KLCI stock on Genting HK's planned suspension of payments to creditors
Analysts said Genting Bhd and its subsidiaries are not immediately affected by Genting Hong Kong's decision to suspend payments to creditors.
Guocoland posts ninth straight quarterly loss, dragged by loss on investment and tax provision
On prospects, the company said the Covid-19 pandemic has inevitably caused disruption in global business activities and has added further pressure to the property market.
Two-thirds of Malaysian manufacturers need up to two years to return to pre-pandemic levels — survey
Commenting on the challenges faced by the manufacturing sector, the Federation of Malaysian Manufacturers (FMM) president Datuk Soh Thian Lai said respondents were pessimistic about the outlook given the contraction in global growth as well as the perception that the Covid-19 pandemic has not been successfully contained with rising cases worldwide reported daily.
Property developer Aspen teams up with Chua Ma Yu for rubber glove venture
Aspen’s Malaysian unit Aspen Vision All Sdn Bhd (AVA), together with CMY Capital and Iskandar Basha Abdul Kadir, will develop the new business which will be undertaken by Aspen Glove Sdn Bhd (AGSB), said the real estate developer.
Malaysian retail REITs to see light at end of tunnel
Nevertheless, the year will still be a challenging one for Malaysian REITs, though those with flagship malls with strong market positioning will be able to weather the challenges better than their second-tier peers, said Head of equity research at RHB Asset Management Malaysia, Petrina Chong.
Businesses confident of surviving Covid-19 despite negative outlook this year, says ACCCIM
Though 68.9% of businesses see a gloomy outlook for the second half of the year, the drop in pessimism to 24.5% for 2021 reflects hope among the business community for next year.
Worst probably over for Sunway REIT as analysts see earnings recovery
"Management shared that during CMCO/RMCO, footfalls and tenants sales growth in their malls has shown some encouraging recovery signs, although their renewal has been hampered with negative double digit rental reversion.”
YTL REIT's 4Q net property income falls 26.5%, declares 2.8373 sen DPU
This, the REIT said in a filing yesterday, was due to a lower revenue amid the Covid-19 pandemic, which was however partly cushioned by lower property operating expenses of RM25.49 million versus RM58.40 million previously.
