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Page 4 - மேபேங்க் முதலீடு வங்கி ஆராய்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

M sia needs to shift focus to EV incentives

Electric vehicle sales global PETALING JAYA: Malaysia’s low carbon mobility blueprint, which has indeed sparked interest in the country’s vehicle electrification ambitions, might not be forward-looking enough to drive its Asean electric vehicle (EV) target. An analyst said Malaysia is still trailing its regional counterparts when it comes to pursuing the EV agenda. “Neighbouring countries such as Thailand, Indonesia and Singapore are making huge strides in defining their EV plans and are successfully attracting large-scale foreign direct investments. “Malaysia, on the other hand, is still largely focused on incentives that promote internal combustion engine vehicles (ICEVs). We need to shift that focus if we want to attract more investors within the EV space, or we will risk losing out to our regional peers, ” he told StarBiz.

Mr DIY could have 1 5% weight if it makes it into FBM KLCI: MaybankIB

18 Apr 2021 / 21:10 H. PETALING JAYA: Mr DIY Group (M) Bhd’s FBM KLCI weight, if it is featured as an index constituent replacing Supermax Corp Bhd, is estimated to be 1.5% (Supermax’s present weight is 1.6%) based on last Thursday’s market close, according to Maybank Investment Bank Research (MaybankIB). This is based on the home improvement retail chain counter’s market capitalisation (adjusted for free float) being 0.95 times that of Supermax. Consequently, the glove sector’s weight on the FBM KLCI would be lower at 8.5%, from 10.1%. “Strong share price performance (+153%) since its listing on Oct 26, 2020 has led to Mr DIY’s market capitalisation rising to 20th in rank (based on last Thursday’s close),” said MaybankIB.

AmBank s surprise private placement call raises earnings dilutive concern

KUALA LUMPUR (April 2): Analysts are negative on AMMB Holdings Bhd s (AmBank) private placement plan due to its earnings dilutive effects. CGS-CIMB Research analyst Winson Ng said AmBank’s proposed private placement was a negative surprise as the bank did not guide for any plan for private placements, and previously stated that it had enough capital buffers to absorb the RM2.83 billion provision for the 1Malaysia Development Bhd (1MDB) settlement. “Based on our calculations, we estimate that the private placement would dilute its earnings per share (EPS) by 4% for the financial year ending March 31, 2022 (FY22) and 8.3% for FY23, based on the assumed issue price of RM2.70.

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