UOB Kay Hian Research sees strong Malaysia orders..
KUALA LUMPUR UOB Kay Hian Malaysia Research expects VS Industry's results for the financial year ended July 31,2019 FY19 to be in line.United Overseas Bank Malaysia Bhd UOB Malaysia will be collaborating with several trade associations in Sabah to help develop and grow.KUALA LUMPUR United Overseas Bank Malaysia Bhd UOB Malaysia will collaborate with three trade associations in Sabah to help local.UOB Business Internet Banking Plus BIBPlus is the enhanced business internet banking platform for UOB’s corporate clients. The platform offers you a comprehensive suite of cash management, trade and treasury services. KUALA LUMPUR (Sept 16): The ringgit is expected to weaken to 4.26 against the US dollar by mid-2020 in anticipation that the US-China trade conflict will hurt Malaysian exports, UOB Global Economics and Markets Research said today.UOB said today in its quarterly global outlook report that FTSE Russell’s decision this month on the status of Malaysian bonds in FTSE Russell’s World Government Bond Index (WGBI) is also a key risk for the ringgit."Regional exports, including Malaysia’s remain under threat in the absence of a resolution to the US-China trade conflict.A key risk event to watch out for is FTSE Russell’s decision whether to exclude Malaysia bonds from its WGBI on 26 Sept.
UOB Malaysia to collaborate with Sabah's trade bodies to help.
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Bersama UOB Kay Hian anda tidak perlu lagi menunggu, cukup gunakan. berbasis browser untuk perdagangan di Singapura, Malaysia, Hong Kong, dan.KUALA LUMPUR, Sept 4 — Malaysia's exports in July 2019 are. July's export performance further evidence of trade diversion, says UOB.Incidental charges such as SWIFT, courier, postage, agency fees and correspondent charges will result in additional cost. Fees for other services or transactions not mentioned in the tables below will be levied on a case-by-case basis. Fee makelar. The three trade associations are the Small and Medium Enterprise (SME) Association of Sabah, Malaysia-China Chamber of Commerce (Sabah) (MCCC Sabah)) and the Sabah-China Chambers of Commerce (SCCC).Under the collaboration, UOB Malaysia will extend lending facilities and cross-border financial solutions to more than 300 SME owners affiliated with the SME Association of Sabah, MSCC Sabah and SCCC.The Bank will offer the SMEs with conventional and Shariah-compliant financing solutions at competitive rates and flexible tenures as well as extend government-guaranteed, collateral-free financing schemes administered by Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).
The Bank will also provide association members with cross-border business advisory and financial solutions to help them expand into new markets.UOB Malaysia managing director and country head of wholesale banking Ng Wei Wei said the bank will capitalise on its strong regional network and foreign direct investment advisory (FDI) teams to support Sabah’s SMEs in their efforts to diversify their businesses and to expand into the region.“From navigating the local regulatory environment to connecting businesses with the right ecosystem partners, UOB Malaysia is committed to making SMEs’ foray into new markets seamless and successful."UOB Malaysia’s team of dedicated advisers from across the region will connect SMEs in Sabah with government agencies, trade and industry associations and professional service providers to help them invest and expand across Asia."UOB’s local presence in Malaysia, coupled with our regional network and deep understanding of Asian economies, places us in a good position to help our SME customers lay a strong foundation for their intra-regional growth and expansion plans.For example, through our nine FDI Advisory offices across Asia, UOB has supported more than 2,200 companies from around the world expand into Asia,” Ng said. [[Further, UOB Malaysia will also provide shariah-compliant financial solutions to SMEs focused on making a positive economic, social and environmental impact for the long term through their sustainable business practices.The adoption of shariah-compliant financing solutions to help businesses effect positive change is also in line with Bank Negara Malaysia’s objective to drive Value Based Intermediation 3 (VBI) practices through Islamic financing.SMEs with sustainable business practices may qualify for subsidised financing rates under the government’s VBI initiative.
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UOB Malaysia executive director and country head of Islamic banking Mohd Fhauzi Muridan said Islamic financing solutions provide a natural fit for businesses with sustainable practices and the bank is committed to ensuring its shariah-compliant product range enables businesses to achieve their goals."Given the social and environmental focus embedded in Islamic banking, coupled with its acceptance in Malaysia, Islamic banking can play a leading role in financing SMEs that are committed to achieving sustainability goals, he said.Fhauzi said for example, the green technology sector that focuses on cultivating renewable energy, sustainable building and township projects, waste management and transportation projects has seen strong demand for Islamic financing in Malaysia."The ethos of Islamic banking makes it a natural ‘ethical’ financier for such projects.At UOB Malaysia, we are committed to supporting companies achieve their sustainability goals through our wide range of Shariah-compliant financing solutions," Fhauzi said. City index stock broker. President of the SME Association of Sabah Foo Ngee Kee see positive in collaborating with UOB Malaysia to offer its members access to shariah-compliant financing solutions."Through this collaboration, our members can get preferential and better access to financing for their current and new businesses.One of the major difficulties that SMEs face is in gaining access to capital and in securing the right amount and types of financing."With the financial advice and solutions that UOB Malaysia has developed for SMEs, I am confident the growth of SMEs can be greatly enhanced,” he said.UOB Kay Hian Malaysia Research: “Given VS’s ability to secure meaningful contracts (new PCBA orders of about RM200mil per year on top of the master agreement with BISSELL), we remain confident of the group securing new contracts from prospective customers." KUALA LUMPUR: UOB Kay Hian Malaysia Research expects VS Industry's results for the financial year ended July 31,2019 (FY19) to be in line, despite the profit warning from its 43.3%-owned VS International Group (VSIG) in China.
The research house said on Thursday it expected the results to be supported by strong orders from Malaysia judging from 9MFY19 visibility.“Given VS’s ability to secure meaningful contracts (new PCBA orders of about RM200mil per year on top of the master agreement with BISSELL), we remain confident of the group securing new contracts from prospective customers, ” it said.UOB Kay Hian Research said further contract wins could lead to a higher target price. Philippines trade mark search. It maintained a Buy call on VS Industry with a target price: RM1.55, based on 15 times FY20F PE which is at its three-year mean PE (from 13 times, which is the industry average forward PE).Recall that VSIG recently released a statement warning of its weak 4QFY19 results.Note that the group is expected to record a net loss of Rmb115m (or -RM68mil based on the latest exchange rate) which worked out to be a RM29m net loss (based on 43.3% stake) to VS Industry in FY19.
This was attributable to: a) the sharp drop in revenue in FY19; and b) provision of impairment amounting to Rmb30m (or RM18mil) of the fixed assets.After excluding the impairment, core net losses from China operations to the group should be RM22mil, which is in line with its assumption.“All in all, we expect VS’s 4QFY19 (to be released on Sept 26) core net profit to come in at the range of RM27mil to RM30mil, with our core net profit forecast in FY19 being intact, ” it said. Olymp trade como funciona. The research house said VS Industry's FY19 group earnings could have been better on-year on the back of a stellar performance from Malaysia operations alone judging from its strong 9MFY19 results, if not for the drawback from the US-China trade war.The Malaysia operations recorded the best 9M revenue ( 7% yoy) and PBT ( 20% yoy), thanks to resilient demand for its key customer’s products and better economies of scale on optimal utilisation.This is on top of the set-up costs incurred for the BISSELL plant.
In terms of order visibility as of 9MFY19, additional orders (on box-build and PCBA) for particular products in fact came in higher than management initially expected.“On Indonesia operations, it is now the net beneficiary of the US-China trade diversion as the order shortfall in 1HFY19 has been progressively filled up by orders diverted from China.Indonesia operations are expected to return to the black by 4QFY19, ” it said. Best day trading platform for beginners. We're sorry, this article is unavailable at the moment.If you wish to read this article, kindly contact our Customer Service team at 1-3.Thank you for your patience - we're bringing you a new and improved experience soon!