- A + A KUALA LUMPUR (May 18): E.A. Technique (M) Bhd, a Practice Note 17 (PN17) company, said its external auditor Messrs Ernst & Young PLT (EY) has expressed a disclaimer of opinion in its audited financial statements for the financial year ended Dec 31, 2021 (FY21). According to E.A. Technique's bourse filing on Wednesday (May 18), EY had pointed to the group's and the company's reported net loss of RM150.6 million and RM161.2 million respectively for FY21. It also noted that at end-December 2021, the group’s and the company’s current liabilities exceeded their current assets by RM405.3 million and RM416.9 million respectively, but the group and the company only had cash and bank balances of RM6.4 million and RM5.5 million respectively. "These events and conditions indicate the existence of material uncertainty that may cast significant doubt on the group’s and the company’s ability to continue as a going concern," said EY. Nevertheless, E.A. Technique … [Read more...] about E.A. Technique’s auditor flags doubt about ability to continue as going concern
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The Top 10 Stocks to Buy in 2022
There are literally thousands of publicly traded companies you can invest in, not to mention the many ETFs and mutual funds you can buy, so it's not surprising many investors don't know where to begin. While I don't have a crystal ball that tells me what stocks will deliver the best returns, I've tried to do the next best thing here. In this article, I'll discuss 10 stocks that I think could be great buys in 2022 for long-term investors looking to put money to work. Before we get to the stocks you're here for, let's acknowledge three caveats: Choosing the best stocks to buy today heavily depends on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in stocks . It walks you through topics such as establishing an emergency fund, allocating assets, and when it makes sense to buy stocks. I like these stocks for long-term investments. I have absolutely no idea what they'll do over the next few weeks or months. While I ensured … [Read more...] about The Top 10 Stocks to Buy in 2022
Hotline mailbag: The impact of SB-1401, the NIL donor hierarchy, Schulz’s future, Edwards’ fate, Kelly’s recruiting and more
The Hotline mailbag is published each Friday. Send questions to [email protected] or hit me on Twitter: @WilnerHotline. Due to volume — and in some cases, the need for research — not all questions will be answered the week of submission. Thanks for your understanding. Some questions have been edited for clarity and brevity. If California Senate Bill 1401 is passed into law, what will be the impact on Pac-12 schools? Will it impact all Power Five schools? — @TerryTerry79 Impossible to know, but we can take our best guess … If forced by law to pay athletes for services rendered , Stanford, Cal and possibly UCLA will give serious thought to removing themselves from the major college football scene. Influential voices on each campus are already opposed to the current state of play — or should we say, pay-for-play. Diverting revenue to football and basketball, and away from the Olympic sports, would prompt an existential crisis on each campus … and … [Read more...] about Hotline mailbag: The impact of SB-1401, the NIL donor hierarchy, Schulz’s future, Edwards’ fate, Kelly’s recruiting and more