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Malaysian 2021 auto TIV projection stays at 575,000 units, SST exemption and Covid vaccination to prop up sales: AmResearch
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Malaysian 2021 auto TIV projection remains at 575,000 units: AmResearch
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Malaysia’s domestic oil and gas order flows improving
PETALING JAYA:
Although global oil and gas exploration and production (E&P) investment is expected to be flat this year, Malaysia is seeing improving domestic order flows, said AmInvestment Bank Research (AmResearch).
Malaysia’s order flows in the first quarter of this year saw a quarter-on-quarter (q-o-q) improvement as listed companies announced contracts valued at RM3.3 billion, a 2.2 times increase from RM1.5 billion in fourth-quarter 2020 (Q4’20).
“Year-on-year (y-o-y), this represents an even more rapid surge of 5.6 times from only RM569 million in Q1’20, which was drastically derailed by the onset of Covid-19 pandemic together with the short-lived Saudi-Russia oil war,” it said.
Renewable installations in solar, wind to rise | Daily Express Online - Sabah s Leading News Portal
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Analysts do not expect any earnings surprises from Malaysiam property sector 09 Mar 2021 / 09:30 H. Most developers are said to be assessing the economic situation before deciding to continue with or defer future launches. Picture for representational purposes only – BERNAMAPIX
PETALING JAYA: Analysts expect no surprises in earnings prospects for the local property sector over the short to medium term, as developers are more aggressive in clearing unsold units by offering discounts with the inventory level on a declining trend
AmInvestment Bank Research (AmResearch) said developers generally reported lower new sales year on year, by about 24.5%, due to the lacklustre market and the impact of the movement control order (MCO) and Covid-19 pandemic – which it believes the clearing of unsold units is a positive move to realise cash flow.