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Forbes Asia lists 11 powerful Malaysian companies under 1 billion US dollars
Forbes Asia today announced the 2024 “Top 200 Companies Under 1 billion US Dollars”. Malaysia has 11 listed companies, 2 more than 9 last year.
According to the statement, the purpose of this list is to recognize the 200 best-performing small and medium-sized listed companies in the Asia-Pacific region. They sell more than 10 million US dollars, but listed companies that are less than 1 billion US dollars.
Forbes Asia pointed out that this time the list was in no particular order. The selected companies were selected from 0.02 million companies. The selection criteria were mainly based on comprehensive ratings calculated based on debt, sales and net profit growth per share over the past 1 to 3 years, as well as the strongest average return on equity for 1 and 5 years.
“Despite geopolitical and inflationary pressures weakening the economies of parts of the Asia-Pacific region, strong domestic demand, supported by increased infrastructure spending and global trade, will drive overall growth in the region in 2023.”
The statement pointed out that the middle class, which is willing to eat out, is booming in spending. Coupled with the steady return of tourists, 21 food companies have also made the list, double that of last year.
Overall consumer spending has also made the beauty-related industry “shine” again. A total of 9 companies are on the list. However, the slowdown in the supply chain has also left semiconductors slightly inferior, down from 14 last year to 8.
The consumer sector is leading the way
Looking back at the local area, as the consumption frenzy swept through, the 11 Malaysian “pearls” that made the list also followed this trend. Of these, 7 companies were consumers...
Forbes Asia today announced the 2024 “Top 200 Companies Under 1 billion US Dollars”. Malaysia has 11 listed companies, 2 more than 9 last year.
According to the statement, the purpose of this list is to recognize the 200 best-performing small and medium-sized listed companies in the Asia-Pacific region. They sell more than 10 million US dollars, but listed companies that are less than 1 billion US dollars.
Forbes Asia pointed out that this time the list was in no particular order. The selected companies were selected from 0.02 million companies. The selection criteria were mainly based on comprehensive ratings calculated based on debt, sales and net profit growth per share over the past 1 to 3 years, as well as the strongest average return on equity for 1 and 5 years.
“Despite geopolitical and inflationary pressures weakening the economies of parts of the Asia-Pacific region, strong domestic demand, supported by increased infrastructure spending and global trade, will drive overall growth in the region in 2023.”
The statement pointed out that the middle class, which is willing to eat out, is booming in spending. Coupled with the steady return of tourists, 21 food companies have also made the list, double that of last year.
Overall consumer spending has also made the beauty-related industry “shine” again. A total of 9 companies are on the list. However, the slowdown in the supply chain has also left semiconductors slightly inferior, down from 14 last year to 8.
The consumer sector is leading the way
Looking back at the local area, as the consumption frenzy swept through, the 11 Malaysian “pearls” that made the list also followed this trend. Of these, 7 companies were consumers...
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More defensive, able to withstand falls, Goldman Sachs raised the rating of Malaysian stocks
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$
Although Goldman Sachs recommended that investors adopt a “moderate defense” strategy in equity allocation in the Asia-Pacific region, it still raised the Malaysian stock rating to “hold and wait,” while neighboring Singapore was brutally downgraded to “reduced holdings.”
According to a Bloomberg report, Goldman Sachs analysts, including Timo Simo, said that compared with Singapore, Malaysia's market performance was more defensive, and was much less affected by the US economic growth and the correction in the Japanese stock market.
Of course, the main reasons why Goldman Sachs will continue to be optimistic about Malaysia include that the country's GDP performance in the next quarter was higher than market expectations, the successful diversification of the supply chain driving performance, and the improvement in net profit prospects.
As for Singapore, the overall growth performance was moderate, while net profit growth was quite slow. Most importantly, the market is particularly dependent on the trend of local banks, and the exposure is large.
Looking back at the overall net profit performance of the Asia-Pacific region in 2024, it basically recorded good performance in the next quarter, growing from 17% to 19%.
Analysts continued to maintain the MSCI Asia Pacific Index (MXAPJ) of 615 points for 12 months, but revised the performance for 3 and 6 months.
In terms of investment, analysts raised ratings in the telecommunications and consumer sectors, while the automotive and materials sectors were downgraded.
Source: Nanyang Siang Pao
Disclaimer: This...
$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$
Although Goldman Sachs recommended that investors adopt a “moderate defense” strategy in equity allocation in the Asia-Pacific region, it still raised the Malaysian stock rating to “hold and wait,” while neighboring Singapore was brutally downgraded to “reduced holdings.”
According to a Bloomberg report, Goldman Sachs analysts, including Timo Simo, said that compared with Singapore, Malaysia's market performance was more defensive, and was much less affected by the US economic growth and the correction in the Japanese stock market.
Of course, the main reasons why Goldman Sachs will continue to be optimistic about Malaysia include that the country's GDP performance in the next quarter was higher than market expectations, the successful diversification of the supply chain driving performance, and the improvement in net profit prospects.
As for Singapore, the overall growth performance was moderate, while net profit growth was quite slow. Most importantly, the market is particularly dependent on the trend of local banks, and the exposure is large.
Looking back at the overall net profit performance of the Asia-Pacific region in 2024, it basically recorded good performance in the next quarter, growing from 17% to 19%.
Analysts continued to maintain the MSCI Asia Pacific Index (MXAPJ) of 615 points for 12 months, but revised the performance for 3 and 6 months.
In terms of investment, analysts raised ratings in the telecommunications and consumer sectors, while the automotive and materials sectors were downgraded.
Source: Nanyang Siang Pao
Disclaimer: This...
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Hello Mooers,
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We’re thrilled to introduce the "Upcoming Earnings" feature – your new tool for achieving potential profits during earnings season!
Please note that you may need to update moomoo to the latest version to use the feature below.
Why We Think You’ll Love It
🔧 Aim to Capitalize on Earnings Volatility
Earnings reports often bring big price swings. Use this feature to spot companies about to release e...
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$Tesla (TSLA.US)$ Really ignore the Fed's interest rate cut; it's just delaying time. As long as you concentrate on your driverless car technology and announce it in advance as soon as possible, it will be the biggest profit, and the stock price will go smoothly, highlighting Tesla's milestone in advanced automotive technology
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$YTLPOWR (6742.BMS)$
US stocks collapse and the war in the Middle East expands, investors must have a sense of risk aversion and be careful
US stocks collapse and the war in the Middle East expands, investors must have a sense of risk aversion and be careful
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$NVIDIA (NVDA.US)$
Imma hold proud with that imma told you so stance when that one guy was makin fun of the bears 🐻🐻🐻
Imma hold proud with that imma told you so stance when that one guy was makin fun of the bears 🐻🐻🐻
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Columns Major Sell-Off Following Intel and Amazon Results, Labor Market in July Slowed | moovin Stonks
Good morning, traders. Happy Friday, August 2nd. The month started with a red day, and now for a second day in a row, equities in the U.S. are falling hard. Eight out of 11 S&P Global sectors are in the red today, led by Internet Content and Semiconductor companies. My name is Kevin Travers, it is a major pullback day; here are stories from the herd on Wall St today, here are moovin' stonks
Tech is lead...
Tech is lead...
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