Page 11 - Services Bhd News Today

Thursday, 11 Mar 2021 11:11 AM MYT RAM Ratings says Malaysian banks’ earnings are envisaged to improve in 2021 with net interest margin (NIM) recovery. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, March 11 ― Malaysian banks’ earnings are envisaged to improve in 2021 with net interest margin (NIM) recovery, but their profit performance is likely to remain pressured by the still lofty ― albeit lower ― impairment charges...

Published on: Friday, March 05, 2021 By: Bernama Text Size: Kuala Lumpur: Malaysian firms have stronger debt protection metrics than their Asean peers, said RAM Rating Services Bhd (RAM Ratings). “The average Malaysian firm also has enough cash to support 3.5 months’ operating expenses,” the credit rating agency said in a statement on Thursday. Citing its broader analysis of corporates in Asean-6 (Asean-5 + Vietnam) in its annual Corporate Default and Rating Transition Study, RAM Ratings ...

Industronics, Asian Pac, DPI, GFM, Greenyield and Mega Sun City The Edge 4/3/2021 Syafiqah Salim © Provided by The Edge KUALA LUMPUR (March 4): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysias noon break. One stock displayed positive momentum, while the remaining five stocks showed negative momentum.   The stock with positive momentum was: Industronics Bhd — rose 13 sen to 60 sen   The stocks with negative momentum were: Asian Pac Holdings...

Bursa Malaysia turned mixed in the mid-morning today, with the key index rising 0.73%, lifted by advances in the heavyweights. At 11.05am, the benchmark FBM KLCI had advanced 11.46 points to 1,578.6 from 1,567.14 at last Friday’s closing.

The FBM KLCI finished the first day of March lower, with declines in rubber glove counters pushing the benchmark index downwards. At market close, the index was down 0.67% or 10.61 points at 1,567.14.

A corporate exercise quietly announced a week ago seems to have gotten the notice of some investors. Pimpinan Ehsan Bhd (PEB), a company that was controlled by tycoon Tan Sri Rozali Ismail, a cash shell looking for an acquisition target, made two stock exchange filings on Feb 19. One, that Rozali and other shareholders had sold out of the company to new parties, thereby triggering a mandatory general offer (MGO) and two, that PEB was planning to acquire solar power assets. Since the announcemen...

Tuesday, 09 Feb 2021 07:51 PM MYT RAM Ratings Services Bhd has estimated Malaysia’s GDP to contract by 2.8 per cent in Q4 2020 amid the restriction imposed under the CMCO. — Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Feb 9 — RAM Ratings Services Bhd has estimated Malaysia’s gross domestic product (GDP) to contract by 2.8 per cent in the fourth quarter of 2020 (Q4 2020) amid the restriction imposed under the co...

KUALA LUMPUR (Feb 8): RAM Rating Services Bhd has reaffirmed MNRB Holdings Bhd’s senior debt issue rating at AA3/Stable and Malaysian Reinsurance Bhd’s (Malaysian Re) financial strength rating at AA2/Stable/P1. The rating agency said in a statement that the rating action reflected MNRB’s dominant position in the domestic general reinsurance industry where its primary subsidiary, Malaysian Re, had retained a significant share (66%) of the industry’s gross reinsurance premiums in 2019. �...

KUALA LUMPUR (Jan 27): RAM Rating Services Bhd (RAM Ratings) has reaffirmed the AA3/Stable/P1 corporate credit ratings of Cahya Mata Sarawak Berhad’s (CMS) RM2 billion Islamic MTN Programme (2017/2037).     In a statement today, RAM Ratings said although earnings and debt coverage metrics are expected to weaken for the immediate term, they are envisaged to gradually improve as CMS strengthens its market positioning and benefit from the continued roll out of more infrastructure projects in ...

MALAYSIA’s reimposition of a Movement Control Order (MCO) last week casts a shadow on the banking sector’s prospects, with some wondering if it will derail an anticipated strong recovery in the lenders’ earnings this year. Analysts say it is too soon to tell as it will ultimately depend on how long the so-called MCO 2.0 goes on for. It is widely expected that the two-week MCO, imposed on six states from Jan 14, will be extended given the high number of new Covid-19 cases in the country. S...