Latest news with #MYR
Malaysia Sun
2 days ago
- Business
- Malaysia Sun
Economists see Malaysia's ringgit upside in H2 as U.S. dollar softens
KUALA LUMPUR, June 30 (Xinhua) -- Economists have foreseen room for the local currency Malaysian ringgit (MYR) to gain amid U.S. dollar (USD) softness in the second half of 2025. OCBC Bank said in a recent note that its projection for a firmer MYR in the second half takes into consideration both domestic and external factors. On the domestic front, supportive drivers include robust foreign direct investment inflows, prospects of continued foreign fund inflows, current account surplus, and commitment to follow through fiscal consolidation, which also provides reassurance to investors. In terms of external factors, the soft USD trend is likely intact, while a more sustained economic turnaround for the Chinese economy, and recovery in sentiment and confidence in Chinese assets, including the Chinese currency RMB, can have positive spillover effects onto MYR from investment, trade and sentiment channels. According to the bank, the Malaysian ringgit has appreciated about 5.5 percent versus USD year to date. The broad USD sell-off and a steady RMB were some of the key drivers alongside tariff de-escalation. Meanwhile, Hong Leong Investment Bank Research said in a recent note that going into the second half, it expects capital inflows to remain bumpy given the continued uncertainty surrounding tariffs, geopolitical tensions and other policy responses. TA Securities also said in a note that the ringgit is expected to strengthen gradually, averaging MYR 4.20 against the USD this year and trending towards a low of MYR 4.10 in late 2025.
Rakyat Post
25-06-2025
- Rakyat Post
Malaysian Tourist Recovers Money Lost To ATM Fraud In Bali
Subscribe to our FREE What started as a routine ATM withdrawal in Bali, Indonesia, turned into a month-long ordeal for a Malaysian tourist before ending with an unexpected recovery of his funds. The incident, which occurred on 29 November 2024, shows a clear pattern of systematic fraud: Two withdrawals of MYR 291.00 Multiple withdrawals of MYR 436.50 each Several transactions of MYR 284.72 Three smaller transactions of MYR 8.00 The victim, who was in Bali for a month-long diving course, discovered unauthorised withdrawals from his account after attempting to use an ATM at a convenience store. 'When I opened my banking app to check why the transaction failed, I was shocked to see multiple withdrawal transactions I never made,' he said in a social media post on The theft was attributed to a card-skimming device installed on the ATM's card slot. I'd seen these devices mentioned in fraud prevention programs but never thought I'd encounter one in real life. Quick Action Leads to Rare ATM Fraud Recovery The tourist took three crucial steps that experts say contributed to his eventual recovery of funds: Immediately contacted his bank to freeze all cards Filed a police report upon returning to Malaysia Followed up with the commercial crime division He had also contacted friends who had experienced similar incidents, none of whom had successfully recovered their stolen funds. I had actually given up hope of recovering the money. However, on 31 December 2024, he received an unexpected call from his bank regarding the retrieval of the stolen funds. Card Skimming: The Hidden Threat Still Haunting Tourism Following the incident, the tourist shared his new protective measure for future travels: Only unlock credit cards in banking apps when making immediate purchases Immediately lock cards after transactions Use Wise for cash withdrawals, keeping only small amounts available Carefully inspect ATM card slots for any suspicious attachments While this tourist's story had a positive ending, authorities remind that The case also highlights the ongoing risks of card skimming in popular tourist destinations, despite financial institutions' efforts to improve their fraud detection systems. Skimmed again after using Bali ATMs Already left Bali and then they start batch charging with cloned cards They seem to use ATMs in Dubai after getting the card data via 4G from Bali 6 years later, skimmer again in Bali, nothing changed — @levelsio (@levelsio) READ MORE : READ MORE : READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Yahoo
19-06-2025
- Business
- Yahoo
Exploring Three Undiscovered Gems in Asia with Strong Potential
Amid escalating geopolitical tensions and fluctuating economic indicators, global markets have experienced a turbulent period, with smaller-cap indices like the S&P MidCap 400 and Russell 2000 facing notable declines. Despite these challenges, sentiment among small business owners has shown signs of improvement, offering a glimmer of optimism for investors seeking opportunities in under-the-radar stocks. In such an environment, identifying promising stocks often involves looking for companies with strong fundamentals that can weather market volatility while capitalizing on unique growth opportunities. Name Debt To Equity Revenue Growth Earnings Growth Health Rating MSC 30.39% 6.56% 14.62% ★★★★★★ New Asia Construction & Development 50.47% 7.81% 34.50% ★★★★★★ Shenzhen Coship Electronics NA 8.20% 44.45% ★★★★★★ Kung Sing Engineering 13.45% 2.65% -51.67% ★★★★★★ JHT DesignLtd 2.19% 33.65% -8.51% ★★★★★★ Tibet Development 48.40% -0.31% 52.09% ★★★★★★ Guangdong Goworld 27.20% 1.38% -9.57% ★★★★★☆ Tait Marketing & Distribution 0.71% 8.00% 12.85% ★★★★★☆ Dong Fang Offshore 29.10% 42.34% 42.27% ★★★★★☆ ASRock Rack Incorporation 26.93% 225.32% 6287.64% ★★★★☆☆ Click here to see the full list of 2621 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Value Rating: ★★★★★★ Overview: UTS Marketing Solutions Holdings Limited is an investment holding company that provides outbound telemarketing services and contact center facilities for promoting financial products in Malaysia, with a market cap of HK$2.87 billion. Operations: The company's revenue primarily stems from the provision of telemarketing services, amounting to MYR 93.06 million. UTS Marketing Solutions Holdings, a small player in the Asian market, has caught attention with recent strategic shifts. Despite earnings declining by 8.5% annually over five years, its net income rose to MYR 13.29 million last year from MYR 10.31 million previously, with basic earnings per share improving to MYR 0.0332 from MYR 0.0258. The company is debt-free now compared to a debt-to-equity ratio of 0.5% five years ago, reflecting financial prudence amidst volatility and significant insider selling recently observed in its stock movements. Microhash International's acquisition of an additional stake suggests confidence in UTS's potential transformation into BitStrat Holdings Limited. Unlock comprehensive insights into our analysis of UTS Marketing Solutions Holdings stock in this health report. Evaluate UTS Marketing Solutions Holdings' historical performance by accessing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: Giantec Semiconductor Corporation is engaged in the manufacturing and sale of integrated circuits both domestically in China and internationally, with a market capitalization of approximately CN¥12.65 billion. Operations: Giantec Semiconductor's revenue primarily stems from its integrated circuit design industry, generating approximately CN¥1.04 billion. Giantec Semiconductor, a nimble player in the semiconductor space, showcases impressive growth with earnings surging 160.5% last year, outpacing the industry average of 8%. The company is debt-free for five years, eliminating concerns over interest payments. Trading at a price-to-earnings ratio of 37.4x compared to the CN market's 38.3x suggests good value among peers. Recent transactions saw a consortium acquire a 2.40% stake for CNY 240 million at CNY 63 per share, reflecting investor confidence despite recent share price volatility over three months. Net income jumped to CNY 99 million from CNY 51 million year-on-year for Q1-2025. Take a closer look at Giantec Semiconductor's potential here in our health report. Learn about Giantec Semiconductor's historical performance. Simply Wall St Value Rating: ★★★★★★ Overview: Shin-Etsu Polymer Co., Ltd. is a global manufacturer and seller of polyvinyl chloride (PVC) products, with a market capitalization of ¥146.41 billion. Operations: The company generates revenue primarily through its Precision Molding Products segment, which accounts for ¥56.02 billion, and the Electronic Device segment contributing ¥24.85 billion. The Living Environment/Living Materials segment adds another ¥22.08 billion to the revenue stream. Shin-Etsu Polymer, a nimble player in the chemicals arena, has shown resilience with earnings growing at 11.9% annually over five years. It operates debt-free, enhancing its financial stability and allowing it to focus on growth opportunities. Despite an 8.7% earnings growth last year not matching the industry's 13.2%, Shin-Etsu remains a value pick trading at 82.9% below estimated fair value. The company recently upped its annual dividend to JPY 27 per share from JPY 24, reflecting confidence in cash flow strength and future prospects amidst ongoing strategic adjustments in leadership roles discussed at recent board meetings. Delve into the full analysis health report here for a deeper understanding of Shin-Etsu PolymerLtd. Gain insights into Shin-Etsu PolymerLtd's past trends and performance with our Past report. Delve into our full catalog of 2621 Asian Undiscovered Gems With Strong Fundamentals here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. 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. Companies discussed in this article include SEHK:6113 SHSE:688123 and TSE:7970. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
13-06-2025
- Business
- Yahoo
What Makes MYR (MYRG) a New Strong Buy Stock
MYR Group (MYRG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. As such, the Zacks rating upgrade for MYR is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for MYR imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. For the fiscal year ending December 2025, this electrical construction services provider is expected to earn $6.59 per share, which is a change of 260.1% from the year-ago reported number. Analysts have been steadily raising their estimates for MYR. Over the past three months, the Zacks Consensus Estimate for the company has increased 17.2%. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of MYR to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MYR Group, Inc. (MYRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Focus Malaysia
13-06-2025
- Business
- Focus Malaysia
China glove makers turn up the heat on Malaysian rivals
WITH China players increasingly deploying overseas capacity to penetrate the US market more effectively, the competitive landscape is turning more aggressive, especially after 2025. 'In our view, a price war is highly likely shaping up an over-supplied gloves market,' said Maybank Investment Bank (MIB) in a recent report. Separately, MIB believes upcoming results could be weak mainly due to weakening USD currency vs MYR. MIB reiterates their negative stance on the Malaysia glove sector. Latest industry sources suggest that competition in the glove sector is set to intensify further, with new capacity from a major China glove maker, expected to come online by the end of 2025. MIB understands that the China glove maker has started marketing to US customers, offering upcoming capacity from its overseas plants in Vietnam and Indonesia at average selling prices of USD16–17/k pcs, versus Malaysia glove makers' current average selling price of USD18–19/k pcs, with deliveries starting from Nov 2025 onwards. Additionally, the company's Indonesia plant is likely to be operational by end-2025 or early 2026, which is earlier than MIB's initial expectation of the second half of 2026. While this may be part of the China glove maker's marketing strategy, pricing could still adjust based on demand, tariffs and counter-moves by Malaysia glove makers. 'The latest news nonetheless reaffirms our negative stance on the sector,' said MIB. Competition is clearly intensifying, with more capacity from China, targeting non-US markets, and its overseas plants, focusing on the US market. Although the actual supply timeline from these overseas plants remain uncertain, any meaningful ramp-up will likely exert pressure on pricing and margins. A price war appears increasingly likely, in MIB's view. That said, a key upside risk to our call would be a shift in US trade policy particularly if the Trump administration finalises higher tariffs on gloves from Vietnam, Indonesia and Thailand while maintaining lower tariffs for Malaysia. Such a move would restore Malaysia's cost competitiveness in the US market and partially offset the structural headwinds facing the sector. —June 13, 2025 Main image: Business Times
