Stay updated with breaking news from Pecca group bhd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
S5 Systems clears the air on 'political links theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Macpie, UCrest, MAG, Malayan Cement, Pecca, Dolomite, Ark, Fajarbaru, PWF, CYL, LFE Corp theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
In just a couple of weeks, we will be shooing the Year of the Rat away and welcoming the Year of the Ox on Feb 12. Given that the Year of the Rat was a disastrous one, many are hoping that the new lunar year will usher in better tidings. Going by how things have been developing in January globally, it looks like the Rat is not going to exit the scene on a quiet note as it draws close to the finishing line. Domestically, we saw a huge spike in Covid-19 infections, the imposition of another Movement Control Order (MCO) and a declaration of Emergency, the first in 52 years. ....
KUALA LUMPUR (Dec 30): Analysts foresee a stronger recovery path for the automotive sector after the government announced a six-month extension to the new vehicle sales tax exemption until June 30, 2021. Kenanga Research’s analyst Wan Mustaqim Wan Ab Aziz upgraded the automotive sector to overweight from neutral as he envisaged stronger recovery in 2021 with total industry volume (TIV) target at 585,000 units. He opined that the news is a positive surprise for automakers and consumers which should prompt a buying frenzy over the next few months and relieve back-logged bookings. “We believe the new volume-driven launches in 4QCY20 (i.e. Proton X50, Honda City and Nissan Almera) could help improve consumer sentiment with back-logged bookings to overflow into 2021 and boosted by the extension of sales and services tax (SST) exemption, seasonal promotions and new launches in the 2H (second half) of the year,” he said. ....
KUALA LUMPUR (Dec 23): Hong Leong Investment Bank (HLIB) Research lowered its earnings forecast for Pecca Group Bhd for the financial year ending June 30, 2021 (FY21) as the local research house expects positive cases of Covid-19 to have a short-term negative impact on the group’s operations and profit. HLIB Research analyst Daniel Wong said in a note today positive cases of Covid-19 would affect Pecca’s operations in the short term due to production suspension and risk of limitation on production capacity once the Ministry of Health (MoH) approves the resumption of its operations. “The group may need to incur higher production cost for an increase in shifts/overtime (to catch up with the temporary loss of production) in order to meet current high demand (especially for Perodua production). Furthermore, we estimate the impact from the loss of earnings and cost of testing for group-wide employees and sanitisation works could be about RM1 million to RM1.5 million, ....