[ KUALA LUMPUR: CIMB Group Holdings Bhd has targeted total loan growth of between five and seven per cent, a return on equity (ROE) of between 11.0 and 11.5 per cent, a cost-to-income ratio (CIR) of below 46.9 per cent and loan loss coverage of between 30 and 40 basis points in 2024. In its … Read more
[ KUALA LUMPUR: AmInvestment Bank Bhd has made a mild upgrade to its end-2024 target for the FTSE Bursa Malaysia KLCI (FBM KLCI), increasing it to 1,550 points from 1,545 points previously following slight adjustments to banking earnings. The investment bank said its FBM KLCI earnings projections have been marginally tweaked by one to two … Read more
[ KUALA LUMPUR: The MADANI Government is confident of achieving stronger Gross Domestic Product (GDP) growth of between four and five per cent in 2024 on the back of strong fundamentals and reforms mapped out in the MADANI Economy and Budget 2024. Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, said after … Read more
[ It was, without a doubt, a strong earnings report.Lyft Inc. projected adjusted earnings as much as 11% higher than analysts’ estimates, and reported bookings ahead of expectations. And then there was the outlook for profitability: Margins, the ride-hailing provider said in an initial press release, were set to expand this year by an eye-watering … Read more
[ KUALA LUMPUR: HSBC Global Research projects the FTSE Bursa Malaysia KLCI (FBM KLCI) to rise about 4.0 per cent this year to 1,510 points, as the country continues to provide opportunities for investors based on the trade diversion theme arising from the US-China tension. Head of equity strategy Herald van der Linde said the … Read more
[ PETALING JAYA: LBS Bina Group Bhd has aimed to secure RM1.8 billion in property sales for 2024 based on a positive outlook for the property market. The group concluded 2023 with RM1.70 billion in property sales, missing its initial target of RM2 billion. This year, the property developer planned to launch 10 new projects … Read more
