Muted growth likely for 3Q earnings

Quick Summary:

Corporate Malaysia’s third-quarter (3Q) earnings season is expected to be mostly in line with the previous quarters, with limited surprises.

Khaw expects the ringgit to strengthen to 3.75 in 2025 against the dollar, underpinned by the fundamental value of the local unit supported by the recovery in electrical and electronic exports of the country.

These indicators suggest that banks could serve as a strong proxy to reflect on a positively growing economy in Malaysia.“Furthermore, recent activities in the construction sector show that construction companies have a higher order book.

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Article Details

Author / Journalist: ELIM POON

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaIndonesia

Topics: Importers Economy CorporateEarnings REITs MalaysiaEconomy Banking Exporters /Business/Business News RinggitStrength InvestmentOutlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 935 words

Reading Time: 6 minutes read

Sentences: 26 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23436783

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 29 minutes ago

Coverage Areas: Malaysia

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News Language: English

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Publisher ID: #22

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