AEON Credit Shares Jump After Bonus-Share Proposal
By Ying Xian Wong AEON Credit Service (M) shares rose Monday morning after it disclosed a plan to issue bonus shares to shareholders. Shares of the Malaysian...
Source: marketwatch.com
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Analysts cautiously optimistic on RHB despite steep drop in NIM
PETALING JAYA: RHB Bank Bhd saw its net interest margin (NIM) fall sharply by 46 basis points to 1.9% from 2.36% compared to the preceding quarter, and this has raised some concern among research analysts.
Source: dailyexpress.com.my
Banking on lenders and tech
PETALING JAYA: With cautious optimism being the theme for Malaysia, market observers have made predictions on sectors to look out for this year.
Source: thestar.com.my
Singapore's Gigacover doubles down on transportation and logistics amidst profitability
Singapore-based insurtech Gigacover has bolstered performance through recently-inked partnerships with leading insurance brokerage firm, ComfortDelGro Insurance Brokers, and leading smart logistics platform, Zeek.
Source: technode.global
AEON Credit expects its digital bank to be profitable at 4.5 years
AEON Credit Service (M) Bhd, which in April clinched one of five digital bank licences issued by Bank Negara Malaysia, expects its upcoming digital bank to start making a profit upon 4½ years of operations. “We’re looking at year four and a half to make a profit, and to recover the cumulative losses [of the first few years] in the seventh or eighth year,” chief transformation officer Ajith Jayaram tells The Edge. Bank Negara requires digital banks to break even within the first five years of operations.
Source: theedgemarkets.com