Kansas City Southern (KSU) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: Construction and infrastructure development command the highest multiplier effect in any economy and in most cases, it is the government’s ultimate tool to pump prime the economy.
The mega projects are all there, but there are no major catalysts to trigger any meaningful movements yet as Putrajaya channels its fiscal strength on stimulus packages to assist people and businesses that were affected by the Covid-19 pandemic.
The Bursa Malaysia Construction Index has declined about 11% year-to-date and has been hovering around the 160-point mark, way below the pre-pandemic levels at about 200 points.
Investors have been watching the construction sector from a safe distance due to the uncertainties of an economic recovery and the timeline of project rollouts.
AmInvest Research netural on property sector but Sunway top pick thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (July 14): The highly-anticipated cash call from AirAsia Group Bhd has received different reactions from analysts covering the budget airline, with some highly supportive of the mechanism involved, while others opined that the RM1.02 billion proceeds is not enough to support its cash flow requirement.
As investors shared optimism on the future projected returns from the rights issue, a major uncertainty looms. AirAsia has not received the undertaking from its co-founders (and chief executive officer and chairman) Tan Sri Tony Fernandes and Datuk Kamarudin Meranun for their portion of the rights issue.
When it announced the fund raising exercise on Monday (July 12), AirAsia said it intends to secure the undertakings from the duo, who control 26.4% in the company and have the right to subscribe to RM257.27 million or 25.1% of the intended RM1.02 billion fund-raising.
Schaeffer s Investment Research Turns 40: An Interview with Bernie Schaeffer benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.