Thailand cuts economic outlook despite smaller Q4 GDP fall
BANGKOK: Thailand cut its estimate for economic growth this year to 2.5-3.5% after suffering its worst slump in more than two decades in 2020 due to the shock from the …
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Spotify outlook weakens as pandemic uncertainty persists
STOCKHOLM (Reuters) – Spotify on Wednesday forecast that revenue and paid subscribers would miss Wall Street estimates this quarter due to uncertainty over how long the coronavirus crisis would last …
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Earnings outlook for Malaysian banks intact – for now
PETALING JAYA: Following Bank Negara Malaysia’s (BNM) decision to maintain its Overnight Policy Rate (OPR) at 1.75%, earnings forecasts for domestic banks are intact for the time being, as there …
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Malaysian construction sector’s outlook for first-half 2021 dampened
PETALING JAYA: The termination of the Kuala Lumpur-Singapore high speed railway (KL-SG HSR) bilateral agreement, movement control order (MCO) 2.0 and the state of emergency declaration have dampened the construction …
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Get insights into 2021 at Invest 360 market outlook event
PETALING JAYA: Online investor relations services provider ShareInvestor and stock trading social network InvestingNote are organising one of the largest market outlook events Invest 360 in the region, which will …
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Outlook for property market still challenging but some bright spots emerging
PETALING JAYA: The outlook for the Malaysian property sector in the next 12 months remains challenging although most developers have achieved their new sales targets, according to AmResearch. It noted …
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Opec cuts 2021 oil demand outlook again as pandemic impact lingers
LONDON: Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, Opec said on Monday, hampering efforts by the …
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Brent price likely to rise in 2021, boosting Petronas’ revenue outlook: Axi chief market strategist
KUALA LUMPUR: The Brent crude oil price is likely to rise to US$60 (RM244) per barrel in 2021, thus improving Petroliam Nasional Bhd’s (Petronas) revenue outlook next year, said Axi …
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Malaysian IPO market’s outlook positive going into 2021
PETALING JAYA: The outlook for the initial public offering (IPO) market in Malaysia going into 2021 is positive even amid the Covid-19 pandemic as more companies are exploring IPO opportunities …
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Research houses mixed on outlook for OPR in 2021
KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) expects the Overnight Policy Rate (OPR) to stay at 1.75% until end-2021 after Malaysia’s Consumer Price Index (CPI) shrank 1.5% year on …
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