Not impressive, I am afraid, except for a few good companies (like Public Bank and Westports) and a few decent ones.
The totals for the year:
A few remarks:
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The second down year in a row
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The results are even worse than 2012, four years ago
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Counted in USD (an important consideration for international investors) it is much worse, in 2012-2014 the combined profit was about USD 18.5 Billion, in 2016 roughly 30% below that level
Ten companies started to report their 2017 profits, they are roughly similar to the 2016 profits. If there are no more large one-off write downs (like in the oil & gas industry), the combined profit in 2017 might be higher than 2016. But if that is enough to justify the historically high valuation of the Malaysian market, I doubt it. For that there has to be a consistent yearly growth of say on average 10% in net profits, something that seems to have been absent the last few years.
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Beza
YOU MUST SUM UP THE TOTAL PROFIT FOR US TO SEE LAH.
2017-03-13 17:02