In a review note, released yesterday on overall corporate third quarter earnings on Bursa Malaysia, the research house reported that out of the 136 companies it covered, 38% of them posted earnings that exceeded its expectations, up from the 33% for the quarter ended June 30.
The research house said: “We had foreseen the waning of the boost coming from high commodity prices, such as crude palm oil, and the tapering off of high consumer spending due to pent-up demand in the second quarter, which was accelerated by Hari Raya and the RM10,000 one-off Employees’ Provident Fund special withdrawal amounting to RM44bil in April 2022.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: