VETECE Holdings Berhad Third Quarter 2025 Earnings: EPS: RM0.002 (vs RM0.005 loss in 3Q 2024)
Key Financial Results
Revenue: RM6.06m (up 51% from 3Q 2024).
Net income: RM865.0k (up from RM2.15m loss in 3Q 2024).
Profit margin: 14% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue.
EPS: RM0.002 (up from RM0.005 loss in 3Q 2024).
Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.
All figures shown in the chart above are for the trailing 12 month (TTM) period
VETECE Holdings Berhad's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 5 warning signs for VETECE Holdings Berhad (of which 2 shouldn't be ignored!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Chicago Tribune
12 minutes ago
- Chicago Tribune
President Donald Trump removes official overseeing jobs data after dismal employment report
WASHINGTON — President Donald Trump on Friday removed the head of the agency that produces the monthly jobs figures after a report showed hiring slowed in July and was much weaker in May and June than previously reported. Trump, in a post on his social media platform, alleged that the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former President Joe Biden, should be fired. He provided no evidence for the charge. 'I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY,' Trump said on Truth Social. 'She will be replaced with someone much more competent and qualified.' Trump later posted: 'In my opinion, today's Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad.' The charge that the data was faked is an explosive one that threatens to undercut the political legitimacy of the U.S. government's economic data, which has long been seen as the 'gold standard' of economic measurement globally. Economists and Wall Street investors have long accepted the data as free from political bias. Trump's move to fire McEntarfer represented another extraordinary assertion of presidential power. He has wielded the authority of the White House to try to control the world's international trade system, media companies, America's top universities and Congress' constitutional power of the purse, among other institutions. 'Firing the Commissioner … when the BLS revises jobs numbers down (as it routinely does) threatens to destroy trust in core American institutions, and all government statistics,' Arin Dube, an economist at the University of Massachusetts-Amherst, said on X. 'I can't stress how damaging this is.' After Trump's initial post, Labor Secretary Lori Chavez-DeRemer said on X that McEntarfer was no longer leading the bureau and that William Wiatrowski, the deputy commissioner, would serve as the acting director. 'I support the President's decision to replace Biden's Commissioner and ensure the American People can trust the important and influential data coming from BLS,' Chavez-DeRemer said. Friday's jobs report showed that just 73,000 jobs were added last month and that 258,000 fewer jobs were created in May and June than previously estimated. The report suggested that the economy has sharply weakened during Trump's tenure, a pattern consistent with a slowdown in economic growth during the first half of the year and an increase in inflation during June that appeared to reflect the price pressures created by the president's tariffs. 'What does a bad leader do when they get bad news? Shoot the messenger,' Democratic Senate Leader Chuck Schumer of New York said in a Friday speech. McEntarfer was nominated by Biden in 2023 and became the Commissioner of the Bureau of Labor Statistics in January 2024. Commissioners typically serve four-year terms but since they are political appointees can be fired. The commissioner is the only political appointee of the agency, which has hundreds of career civil servants. The Senate confirmed McEntarfer to her post 86-8, with now Vice President JD Vance among the yea votes. Trump focused much of his ire on the revisions the agency made to previous hiring data. Job gains in May were revised down to just 19,000 from a previously revised 125,000, and for June they were cut to 14,000 from 147,000. In July, only 73,000 positions were added. The unemployment rate ticked up to a still-low 4.2% from 4.1%. 'No one can be that wrong? We need accurate Jobs Numbers,' Trump wrote. 'She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes.' Trump has not always been so suspicious of the monthly jobs report and responded enthusiastically after the initial May figures came out on June 6 when it was initially reported that the economy added 139,000 jobs. 'GREAT JOB NUMBERS, STOCK MARKET UP BIG!' Trump posted at the time. That estimate was later revised down to 125,000 jobs, prior to the most-recent revision down to just 19,000. The monthly employment report is one of the most closely-watched pieces of government economic data and can cause sharp swings in financial markets. The disappointing figure sent U.S. market indexes about 1.5% lower Friday. The revisions to the May and June numbers were quite large and surprising to many economists. At the same time, every monthly jobs report includes revisions to the prior two months' figures. Those revisions occur as the government receives more responses to its survey, which help provide a more complete picture of employment trends each month. In the past decade, companies have taken longer to respond, which may have contributed to larger monthly revisions. The monthly jobs report has long been closely guarded within the BLS, with early copies held in safes under lock and key to prevent any leaks or early dissemination.
The Hill
12 minutes ago
- The Hill
5 questions Trump faces after dismal jobs report; BLS commissioner firing
President Trump's economic pitch took a serious hit Friday after the latest federal jobs report revealed stunning weakness in the labor market. He responded by firing the commissioner of the Bureau of Labor Statistics (BLS) for what he called politically-motivated revisions that lobbed off hundreds of thousands of job gains earlier this summer. The dismal jobs report raised serious questions about the strength of the U.S. economy, especially in light of looming tariffs causing anxieties in the global market. Here are the five big questions facing Trump as he faces the fallout. How much worse does it get? After months of warnings from economists and weakening data from the private sector, federal jobs numbers have caught up to the concern. The July jobs report dramatically changed the picture of the U.S. economy, ramping up concerns fueled by Trump's tariffs and the uncertainty they unleashed. The U.S. added only 73,000 jobs in July and just 106,000 jobs since May — a three-month total barely enough to sustain the labor market for one month. 'Not only was this a much weaker than forecast payrolls number, the monster downward revisions to the past two months inflicts a major blow to the picture of labor market robustness,' wrote Seema Shah, chief global strategist at Principal Asset Management, in an analysis. 'More concerning is that with the negative impact of tariffs only just starting to be felt, the coming months are likely to see even clearer evidence of a labor market slowdown.' The U.S. economy needs to add 80,000 and 100,000 jobs each month just to replace those who leave the workforce for retirement or incapacity. Without a significant turnaround, the unemployment rate could begin to rise, and the overall economy could slow drastically. 'The U.S. slowdown is starting to take shape,' wrote Alexandra Wilson-Elizondo, global co-CIO at Goldman Sachs Asset Management, in a Friday analysis. She added that a decline in labor force participation, which is also bad for the job market, was keeping the unemployment rate from rising further. 'While overall levels are not flashing red, the trend is cause for concern,' she wrote. How does Trump adjust his tariff plans? Trump and top White House officials spent months laughing off the dire projections of economists, who feared his tariffs would tank the job market and boost inflation. That position may not be tenable after Friday. The July jobs report came out on what was supposed to be the final deadline for the imposition of Trump's 'reciprocal' tariffs. After insisting for weeks that he would not delay the deadline further, Trump announced Thursday evening that some countries would have an additional week to strike deals with the U.S. Trump's latest punt — which happened after the president is typically briefed on the jobs report — was the latest in a series of delays issued amid rough economic news or stock market turmoil. The president proposed much steeper tariffs during his 'Liberation Day' announcement in April, but delayed and weakened his plan after two weeks of turmoil in financial markets. Trump and top White House economic aides touted the benefit of federal revenue from import taxes, which are paid by the U.S. businesses and individual who purchase foreign goods. But the growing pressure of his tariffs could prompt further delays from Trump. Trump could also keep higher headline tariff rates while quietly making exemptions for key goods, undermining the overall goal of his import taxes while potentially avoiding some of the costs. 'A web of exemptions and, in the case of the deals, preferential rates means many key imports face lower tariffs or none. That significantly lowers the actual tariff rate, in many cases well below the quoted headline rate,' wrote Michael Pearce, deputy chief U.S. economist at Oxford Economics, in a Friday analysis. How does the Fed respond? The stunning July jobs numbers will boost pressure on the Federal Reserve to cut interest rates at its next policy meeting in September, and are already raising questions about whether it should have cut rates already. The Fed kept rates steady Wednesday as inflation continued to rise and the labor market appeared to be weakening at a much slower rate than seen in Friday's jobs report. While Fed Chair Jerome Powell acknowledged Wednesday the risks that the job market could weaken quicker than expected under the bank's moderately high interest rates, he said he and his colleagues were still unsettled about how Trump's tariffs could drive inflation higher. The Fed now appears to be in a quagmire with the country on track for both a weaker economy and higher inflation — a dynamic known as 'stagflation.' Lower interest rates could stimulate the sluggish labor market, but also drive inflation higher with additional money in the economy. Keeping interest rates unchanged could stave off inflation, but suffocate the economy into higher unemployment and slower spending. 'With persistent policy uncertainty, tariffs, and diminished immigration flows paralyzing employers, the U.S. economy is now flirting with job losses, revealing a labor market that is much weaker than most Fed policymakers had believed,' wrote Gregory Daco, chief economist EY-Parthenon, in a Friday analysis. 'The Fed is now behind the curve.' Will voters ding Trump as job approval sinks? Trump is largely fulfilling his campaign promises on the economy, including instituting tariffs, though that policy proved to be much more widespread than what he suggested while running for a second-term. He's also making good on mass deportation plans, which the administration is using to sell what they see as a stronger economy for the American worker. But some slices of voters don't appear to be singing Trump's praises. Trump headed into the big week on the economy with his job approval rating slipping, with net approval dropping 15 points, according to an Economist/YouGov poll. And his net approval rating also fell 9 points to its lowest rating yet last week in the Decision Desk HQ (DDHQ) average, with independents taking issue with Trump's actions on the economy and immigration. Consumer confidence ticked up only slightly in July, a sign that anxieties over the economy could be coming to a head as a result of the president's policies. Consumers also expressed more negative assessments of their economic situations overall. What impact will firing the BLS commissioner have? Experts and economists were left reeling Friday afternoon when Trump announced he was firing the commissioner of Bureau of Labor Statistics (BLS) Erika McEntarfer. That cast doubt on the bureau's reporting standards and the type of revisions it makes on previously released reports. When Trump was later asked if that decision meant anyone providing him data he doesn't agree with could risk losing their job, he responded: 'I've always had a problem with these numbers.' In considering who could be McEntarfer's long-term replacement, Trump did not pinpoint experience in labor statistics as a qualification. 'We need people we can trust,' Trump said. 'I put somebody in who's going to be honest.'
Axios
12 minutes ago
- Axios
Senate to Trump on job numbers: Don't shoot the messenger
President Trump doesn't trust the job numbers. Now, senators also have a reason to doubt them. Why it matters: Trump's decision to fire the commissioner of the Bureau of Labor Statistics over weak job numbers sent shockwaves across the Senate. "When you don't like the message, fire the messenger," Sen. Lisa Murkowski (R-Alaska) said, according to Semafor. When asked if she can still trust the numbers, she responded: "No. That's the problem. And when you fire people, it makes you trust them even less." Driving the news: Democrats responded with outrage over Trump's announcement he was dismissing Erika L. McEntarfer from the Department of Labor. McEntarfer was confirmed 86-8 in January 2024, including a yes vote from then-Sen. JD Vance. "Instead of trying to fix the economy, he shoots the messenger," Senate Majority Leader Chuck Schumer said on the Senate floor. Yes, but: When asked if Trump's move will undermine faith in job numbers, Sen. John Cornyn (R-Texas) replied: "I don't believe economists half the time anyway." Reality check: Doctoring job numbers would require a conspiracy across several government departments. Government statistics agencies are historically insulated from politics, as Axios' Neil Irwin notes, so they can tally up activity in a $30 trillion economy. Flashback: President Obama faced accusations from former General Electric CEO Jack Welch that he fixed the job numbers ahead of the 2012 election. Zoom in: About two hours after Trump announced he would fire McEntarfer, he received some unexpected — and good — news from the Fed. One of Biden's appointees, Federal Reserve governor Adriana Kugler, will resign her job next week, the Fed announced. That will give Trump an opening to fill this fall. Zoom out: Embedded in Trump's Truth Social post on firing McEntarfer were some of Trump's customary taunts of Fed Chair Jerome Powell, saying he should be put "out to pasture." But in a separate post, he called for the central bank's board to "assume control" and lower interest rates on its own. Such an ask faces some long odds, even if Trump's new nominee votes to lower rates the way Trump wants them to. Wednesday's interest rate vote was 9-2, and while it was the first double dissent since the 1990s, Powell still has the clear majority on his side. What we're watching: Powell has his detractors in the Senate, but independence is an important principle for many Republican lawmakers.
