hwang capital

 
 

MBM’s alloy wheel unit to improve in FY19

KUCHING: MBM Resources Bhd’s (MBM) alloy wheel unit OMIA has been projected to improve in financial year 2019, with growth expected to be driven by the stable demand for Perodua alloy wheels, among others. According to Affin Hwang Investment Bank Bhd (Affin Hwang Capital), MBM’s auto-parts manufacturing division reported a smaller loss before tax of […]


Commodities’ drag on 3Q earnings

The third quarter of this year has been a disappointing period for Corporate Malaysia as results came in below expectations and analysts believing that the profit trend would unlikely get better anytime soon. Analysts said the lacklustre corporate third quarter among Bursa Malaysia-listed companies would likely extend into the last three months of the year […]


Malaysia’s GDP growth to expand to 4.8 per cent in 4Q18

KUCHING: Manufacturers in Malaysia are likely to sustain production in the domestic oriented industries, analysts observe. They projected that Malaysia’s real gross domestic product (GDP) could expand by 4.7 or 4.8 per cent year on year (y-o-y) in the fourth quarter of 2018 (4Q18). According to the Department of Statistics Malaysia’s latest update on the […]


Sharp rise in October trade exports

KUCHING: Signs are optimistic for Malaysia’s trade as October’s exports surged, growing by 17.7 per cent year-on-year (y-o-y) from 6.5 per cent y-o-y in September. It is the third time during the year for exports to grow at a double-digit pace, bringing the year-to-date (YTD) average growth at 7.6 per cent. Researchers with Kenanga Investment […]


DPI garners strong support for IPO investor roadshow

KUCHING: Nearly 300 of Kuching’s prominent businessmen and government representatives showed their ardent support for the investor roadshow of DPI Holdings Berhad (DPI) yesterday in conjunction with DPI Holdings’ IPO on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Malaysia). The guest of honour of the roadshow was Datuk Abang Abdul Karim Tun Abang […]


Genting likely to still work on terminated theme park

KUCHING: Genting Malaysia Bhd (Genting Malaysia) will likely still work on the recently terminated Disney-Fox theme park, analysts project, despite the management not providing any details on the group’s plan. Affin Hwang Investment Bank Bhd (AffinHwang Capital) believed that Genting Malaysia will still work on the outdoor theme park, although management did not provide any […]


Better quarter for WTK from timber, plantations

KUCHING: Higher contributions from timber and plantation boosted WTK Holdings Bhd’s (WTK) figures for the third quarter of financial year 2018 (3QFY18), whereby the firm saw 3Q18 revenue of RM213.2 million which was up 3.1 per cent quarter on quarter (q-o-q). Researchers with Affin Hwang Investment Bank Bhd (AffinHwang Capital) saw that WTK’s earnings before […]


Outlook leads analysts to peg 4.8 per cent GDP for 2018

KUCHING: Analysts took the signs of slowing growth for Malaysia’s Gross Domestic Product (GDP) in its third quarter of 2018 (3Q18) as a precursor to a slower end for 2018, possibly extending into 2019. Following the 3Q slowdown in GDP, Kenanga Investment Bank Bhd (Kenanga Research) maintained its GDP growth forecast for the full year […]


Prospects still challenging for Malaysia’s cement industry

KUCHING: Malaysia’s cement industry’s short-to-medium term prospects have been projected by analysts to remain challenging which will impact companies such as Lafarge Malaysia Bhd (Lafarge). Affin Hwang Investment Bank Bhd (AffinHwang Capital) made this remark in its outlook for Lafarge, explaining that the challenging prospects are due to “the subdued property market and slowdown in […]


Worries persist over high CPO inventory in Malaysia

KUCHING: Analysts continue to worry over high palm oil inventory which continued to swell by eight per cent month-on-month to 2.72 million tonnes in October. The higher inventory is mainly caused by higher production — up by six per cent m-o-m to 1.96 million tonnes — and lower exports which has gone down by three […]