Malaysian Minister's Party Switch Bid to Test Ruling Coalition
Malaysia's Trade Minister Zafrul Aziz said he is switching political parties, in a move set to test the relationship between two of the partners in the nation's ruling coalition.
Zafrul, 51, is leaving the United Malays National Organization to become a member of Prime Minister Anwar Ibrahim's People's Justice Party.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
30 minutes ago
- Bloomberg
Telkom Indonesia Is Said to Weigh Sale of Health-Care Firm AdMedika
PT Telekomunikasi Indonesia is considering selling AdMedika and seeking at least $100 million for the health-care firm, according to people familiar with the situation. The company known as Telkom Indonesia is working with an adviser and gauging interest from potential buyers of AdMedika, full name PT Administrasi Medika, the people said, asking not to be identified discussing a private matter.
Bloomberg
an hour ago
- Bloomberg
Flight Of The Rich
Morning, I'm Louise Moon Tighter tax rules on the ultra-wealthy seem to have firmly come back to bite PM Starmer, who was aiming to boost coffers by the billions.
Yahoo
an hour ago
- Yahoo
Some Investors May Be Worried About Supercomnet Technologies Berhad's (KLSE:SCOMNET) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. However, after investigating Supercomnet Technologies Berhad (KLSE:SCOMNET), we don't think it's current trends fit the mold of a multi-bagger. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Supercomnet Technologies Berhad, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.082 = RM35m ÷ (RM447m - RM16m) (Based on the trailing twelve months to March 2025). Therefore, Supercomnet Technologies Berhad has an ROCE of 8.2%. Ultimately, that's a low return and it under-performs the Electrical industry average of 12%. Check out our latest analysis for Supercomnet Technologies Berhad Above you can see how the current ROCE for Supercomnet Technologies Berhad compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Supercomnet Technologies Berhad for free. On the surface, the trend of ROCE at Supercomnet Technologies Berhad doesn't inspire confidence. To be more specific, ROCE has fallen from 15% over the last five years. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. It may take some time before the company starts to see any change in earnings from these investments. Bringing it all together, while we're somewhat encouraged by Supercomnet Technologies Berhad's reinvestment in its own business, we're aware that returns are shrinking. Additionally, the stock's total return to shareholders over the last five years has been flat, which isn't too surprising. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere. Supercomnet Technologies Berhad could be trading at an attractive price in other respects, so you might find our on our platform quite valuable. While Supercomnet Technologies Berhad isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
