MALAYSIA WHOLESALE & RETAIL TRADE SALE UP 8.5% TO RM117.2 BILLION IN FEB 2022
Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM). In a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the better performance to the retail trade sub-sector which increased by 10.2 per cent or RM4.5 billion to RM48.8 billion.
Not the issue Mr Lambsauce. Even the CEO disposing some of his shares. Let he reward a bit of his hardwork. Look at the share price since within 1 year 5 months:
1. 2 Nov 2020 - around rm0.60 2. 6 Apr 2022 - around rm1.65
The stock has rose to 150% under his leadership from date that i mention. So as long the company is on the right track, company profit margin is good, company keep growing. So no need to worry much.
News 13 April 2022: SERC sees Malaysia’s services sector recovery continuing.
The Socio-Economic Research Centre (SERC) says services sector such as wholesale, retail sector, entertainment, food & beverage will regain the strongest growth.
Its executive director Lee Heng Guie said in a virtual briefing the growth this year will be underpinned largely by a sustained rebound in domestic demand, especially private consumption and public spending.
According to Lee, domestic demand will anchor the recovery in 2022. While he revised higher his private consumption growth estimate to 6.5% in 2022 from 5.9% previously.
”While we reckon that pent-up demand, cash handouts and the fourth round of Employees Provident Fund (EPF) withdrawals will support consumer spending,”he said.
He said the services sector will regain the strongest growth, which is estimated at 6.1% in 2022 (1.9% in 2021), mainly due to the revival of domestic demand and the anticipated rebound of tourism and related services sectors, thanks to the reopening of international borders.
general sentiment on economy for AEON sector is nice....
EPF will begin disbursing payments for the RM10,000 special withdrawal on Monday (April 18) instead of Wednesday (April 20) as originally scheduled, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
With Bank Negara interest rate hike announcement, consumers will have less money in the pocket after paying car and housing loans. Another 0.75 interest rate hike is in the card by next year. Big share price drop is expected after ex dividend.
Aeon Co. (M) Bhd recorded a net profit of RM28.07mil in the first quarter ended March 31, 2022, a 27.38% improvement over RM22.03mil in the previous corresponding quarter on improved retail margin and higher impairment of trade receivables in the comparative quarter.
Q1FY2022 net profit of RM28m is a little disappointing after the record Q4FY2021 net profit of RM70m?? Quarterly report does not provide sufficient explanation for the sharp drop in earnings from the Dec 2021 qtr.
just one line of explanation - "mainly due to seasonal year end annual rebate recognition in the preceding quarter". I think shareholders deserve more explanation than this.
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Posted by sunnyspoon > 2022-04-11 11:36 | Report Abuse
Target Rm 2.00