Tag: earnings outlook
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Malaysian glove makers face weak outlook, CIMB says
Industry backdrop: A resilient sector under pressure Malaysia has long been a global hub for disposable glove production, supplying healthcare and industrial markets worldwide. Yet the sector has faced a string of challenges over the past year, from volatile raw material costs to shifting demand patterns in key markets. Recent data showing a sharp decline…
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Sensex Slips After Reaching Day’s High: Nifty Dips Below 25,800
Sensex at Day’s High to Lows as Markets React to Volatility Indian equity benchmarks faced a give-and-take session on December 17, with the Sensex and Nifty retreating from their intraday highs as volatility increased. By late morning, the Sensex had slipped about 224 points from its peak, trading around 84,455, while the Nifty hovered just…
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Tencent’s Rally Deepens as Gaming Growth Helps Drive Earnings
Tencent’s Rally: A Safer Bet in a Turbulent Tech Market Shares of Tencent Holdings Ltd. have surged in a year marked by caution around technology stocks, as investors seek defensible growth in a sector crowded with hype around artificial intelligence. Tencent’s recent performance underscores how its core business, especially gaming, continues to provide ballast for…
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Market-cap slide: Seven of the top-10 lose Rs 88,635 cr; Airtel and TCS lead the decline
Overview: A notable retreat in market valuations The combined market capitalization of seven of the top-10 most valued Indian firms tumbled by Rs 88,635.28 crore in a holiday-shortened trading week, signaling continued weakness in equity markets even as some pockets offered cautious optimism. The pullback was led by heavyweights Bharti Airtel and Tata Consultancy Services…
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Coopers’ Profits Slip by $10 Million as Regency Park Centre Costs Bite
Coopers Faces Profit Dip as Regency Park Centre Costs Weigh On the Bottom Line Coopers has reported a notable decline in profit-before-tax for the latest financial year, with figures showing a $10 million drop to $22.5 million. The slide comes as the company bears the upfront and ongoing costs associated with its new Regency Park…
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Coopers’ Profits Slip: Regency Park Costs Dent Bottom Line
Coopers Faces Profit Hit from New Regency Park Visitor Centre Coopers, a well-known name in the brewing and beverages sector, reported a flat or slightly declining profit trajectory in its latest financial year as costs tied to its new Regency Park visitor centre weighed on the bottom line. The company disclosed that its profit-before-tax was…