Post covid recovery who

KUALA LUMPUR: First, Larissa Lumandan left her mobile phone in the freezer. Next, she could not remember what items she needed to bring when moving to Kuala Lumpur from Sabah or even how to arrange them in her luggage. "It took me three days to pack a simple suitcase. It was, like, as though I didn’t know how to pack things. It’s never happened to me before, never,” the 32-year-old writer told Bernama. It did not stop there. The Kota Kinabalu native said after moving to Kuala Lumpur last month, she would regularly do silly things like trying to find clothes she had chosen to wear while holding the said clothes, and rewashing dishes over and over again because she kept forgetting she had washed them. It was only when she ended up in Avenue K, while trying to get to the Suria KLCC shopping mall via the connecting tunnel - a place she used to go to often as a student in Kuala Lumpur - that she realised something was wrong. She described her mind as being "very blur”. In medical … [Read more...] about Experts: Under-reporting of long Covid endangers patients’ recovery, healthcare system

- A + A KUALA LUMPUR (May 26): Ajinomoto (Malaysia) Bhd posted its first-ever quarterly loss since listing, with a net loss of RM17.42 million in its fourth financial quarter ended March 31, 2022 (4QFY22) compared to a net profit of RM5.9 million a year ago. Loss per share came in at 28.65 sen for 4QFY22 compared with an earnings per share of 9.71 sen for 4QFY21. In a bourse filing on Thursday (May 26), Ajinomoto blamed the weak quarterly performance on higher price of key raw materials, depreciation, computer software and hardware maintenance costs and other administration expenses. It made losses in the current quarter even as revenue rose 5% year-on-year to RM125.37 million from RM119.4 million in 4QFY21, supported by higher sales volume and selling prices which improved its consumer business performance. Higher costs also dragged Ajinomoto’s net profit for the full-year ended March 31, 2022 (FY22) to RM16.7 million, down 63.5% from RM46.5 million in the … [Read more...] about Ajinomoto Malaysia posts first-ever quarterly loss, books lowest full-year profit since FY07

- A + A KUALA LUMPUR (May 26): CJ Century Logistics Holdings Bhd returned to profitability in the first quarter ended March 31, 2022 (1QFY22) with a net profit of RM9.35 million compared with a net loss of RM2.24 million a year earlier, on higher export volumes handled by its total logistics services segment. Quarterly revenue rose 10.4% to RM242.79 million, from RM219.91 million in the previous year. “When analyzed based on continuing operations, the group recorded revenue and pre-tax profit of RM242.789 million and RM13.341 million respectively for the current quarter, compared to RM219.908 million and RM7.270 million respectively for the corresponding period in the previous financial year, mainly due to the higher export volumes handled by [the] total logistics services segment,” said CJ Century in its filing with Bursa Malaysia. The group’s total logistics services segment performed remarkably well in 1QFY22, with revenue increasing 21.1% to RM197.471 million … [Read more...] about CJ Century Logistics returns to profitability in 1QFY22 from loss a year earlier

- A + A KUALA LUMPUR (May 26): Sunway Bhd’s first quarter net profit ended March 31, 2022 (1QFY22) soared 140% to RM140.11 million from RM58.45 million in the same quarter last year on the back of higher revenue due to stronger operating performance from most business segments, except trading and manufacturing. As a result, earnings per share rose to 2.39 sen from 1.01 sen previously. Revenue grew 31.48% to RM1.11 billion from RM846.11 million a year earlier, Sunway’s bourse filing on Thursday (May 26) showed. Sunway’s property development segment reported a 13.2% year-on-year (yoy) increase in profit before tax (PBT) to RM23.41 million, due to higher progressive profit recognition from its Singapore private condominium projects, which offset lower profit contribution from local development projects. The property investment segment posted PBT of RM45 million from loss before tax of RM16.96 million in 1QFY21 on higher visitorship to the theme parks and higher … [Read more...] about Strong performance from business segments lifts Sunway’s 1Q earnings by 140% to RM140 mil

Share to Twitter Share to Linkedin 2022 has been a brutal year for investors. Presently, the S&P 500 is down over 16% Year-To-Date (YTD), the Dow is down 12% YTD, the NASDAQ is down an astounding 25% and the Russell 2000 small capitalization index is down 19%. The devastation has been widespread, with a high number of stocks down over 50%. Due to this, the Nasdaq Composite, S&P 500 Growth (SPYG) and Russell 2000 (All and Growth) segments of the market have confirmed their bear market status. The O’Neil methodology tends to use -25% from highs as the threshold for a bear market. Taking the commonly used -20% from highs, the S&P 500 and Russell 2000 Value have also reached the threshold. Only S&P 500 Value and Dow Industrials have not. In our January 28, 2022 Forbes article, we noted that after two consecutive failed Follow-Through Days (FTDs)*, triggered by an undercut of prior established lows, historically (using the S&P 500 since … [Read more...] about Bear Markets & Market Bottoms