Asean on the mend | The Star

[ DESPITE global macroeconomic concerns, Malaysia’s corporate earnings in the fourth quarter of 2023 (4Q23) came in decent, albeit with more misses than hits. Analysts note downward earnings adjustments were not as pronounced as before although the performance trailed some Asean peers. Read original article here Denial of responsibility! Genx Newz is an automatic aggregator … Read more

Italy’s small investor push to slacken when ECB rate cuts start

[ ELISABETTA Trevisan, a 50-year-old teacher from Venice, plans to use interest payments from an Italian bond for small savers to help put her two sons through university. The three bonds she bought for €40,000 (US$43,100) carry an annual coupon of up to 4.5%, a healthy mark-up on other savings options, with payments every three … Read more

KJTS to use IPO proceeds for business expansion

[ PETALING JAYA: ACE Market-bound KJTS Group Bhd aims to raise RM58.9mil from its initial public offering (IPO) at a price of 27 sen per share. The IPO of the provider of building support services comprises the issuance of 218.03 million new shares, or 31.69% of the group’s enlarged issued share capital. It is expected … Read more

Once-hot China REITs get slammed as property slump dents demand

[ A DOUBLE whammy of China’s deepening property crisis and a stock market slump has claimed a victim – real estate investment trusts (REITs). REITs debuted on the country’s stock market in 2021 with much fanfare, hailed as a way to channel retail investor money into large-sized infrastructure and property projects. Read original article here … Read more