Muted growth likely for 3Q earnings

PETALING JAYA: Corporate Malaysia’s third-quarter earnings season is expected to be mostly in line with the previous quarters, with limited surprises.

“For instance, poultry players may see some margin expansion because they import animal feed in dollars. Hence, the weaker dollar will benefit these firms. Moreover, the healthcare sector such as hospitals which have dollar-denominated debt will benefit from reduced financing costs. Kevin Khaw Khai Sheng, research analyst at iFAST Capital said REITs will serve as a good buffer for investors to position ahead, while banking has always been quite resilient with the industry’s current accounts and savings accounts ratio remaining quite healthy at about 20% to 30%.

As for the consumer space, Khaw said factors like the uncertainty in whether tourists arrivals will see a substantial rebound, government measures like sugar taxes and negative measures for the poultry industry, continue to impact the sector.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Asian FX, stocks muted on revised Fed rate-cut bets, US vote uncertaintySEOUL: A young man on the run for allegedly dodging his mandatory military service survived a fall from a building while trying to evade prosecutors, South Korean officials said on Thursday (Oct 24).
Sumber: staronline - 🏆 4. / 75 Baca lebih lajut »

Laos hosts ASEAN Investment Forum, launches strategic blueprint for regional growtVIENTIANE: The ASEAN Investment Forum (AIF) 2024 in Laos is aimed at enhancing ASEAN as a prime investment destination and forging connections with in...
Sumber: theSundaily - 🏆 25. / 51 Baca lebih lajut »