logo
Malaysian Ministers Quit in Blow to Anwar's Government

Malaysian Ministers Quit in Blow to Anwar's Government

Bloomberg28-05-2025
Malaysia's Economy Minister Rafizi Ramli and Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad are leaving the cabinet, days after they were defeated in an internal party election that was marred by allegations of vote-rigging and nepotism.
Rafizi and Nik Nazmi on May 23 failed to defend their positions as the deputy president and vice-president of the People's Justice Party, respectively, in its first internal polls since Prime Minister Anwar Ibrahim formed the government in November 2022. Rafizi lost to Anwar's daughter, Nurul Izzah Anwar.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Returns On Capital At Tri-Mode System (M) Berhad (KLSE:TRIMODE) Paint A Concerning Picture
Returns On Capital At Tri-Mode System (M) Berhad (KLSE:TRIMODE) Paint A Concerning Picture

Yahoo

time33 minutes ago

  • Yahoo

Returns On Capital At Tri-Mode System (M) Berhad (KLSE:TRIMODE) Paint A Concerning Picture

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at Tri-Mode System (M) Berhad (KLSE:TRIMODE) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Tri-Mode System (M) Berhad is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.028 = RM4.4m ÷ (RM173m - RM17m) (Based on the trailing twelve months to March 2025). So, Tri-Mode System (M) Berhad has an ROCE of 2.8%. Ultimately, that's a low return and it under-performs the Logistics industry average of 4.0%. Check out our latest analysis for Tri-Mode System (M) Berhad Historical performance is a great place to start when researching a stock so above you can see the gauge for Tri-Mode System (M) Berhad's ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Tri-Mode System (M) Berhad. What The Trend Of ROCE Can Tell Us In terms of Tri-Mode System (M) Berhad's historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 3.5%, but since then they've fallen to 2.8%. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. If these investments prove successful, this can bode very well for long term stock performance. Our Take On Tri-Mode System (M) Berhad's ROCE While returns have fallen for Tri-Mode System (M) Berhad in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. These growth trends haven't led to growth returns though, since the stock has fallen 24% over the last five years. As a result, we'd recommend researching this stock further to uncover what other fundamentals of the business can show us. If you'd like to know more about Tri-Mode System (M) Berhad, we've spotted 5 warning signs, and 4 of them can't be ignored. While Tri-Mode System (M) Berhad may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. 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 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

Thailand Set to Cut Rate in Last Meeting Before New Leadership
Thailand Set to Cut Rate in Last Meeting Before New Leadership

Bloomberg

time3 hours ago

  • Bloomberg

Thailand Set to Cut Rate in Last Meeting Before New Leadership

The Bank of Thailand is expected to cut its key rate at the last meeting to be led by outgoing Governor Sethaput Suthiwartnarueput, as policymakers look to shield the economy from the risks of US tariffs and deflation. The BOT's Monetary Policy Committee could cut the benchmark one-day repurchase rate by a quarter-point to 1.5% on Wednesday, according to 14 of 23 economists in a Bloomberg News survey. The rest expect the central bank to leave the rate unchanged for a second straight meeting.

Globalstar (GSAT) Stock Trades Up, Here Is Why
Globalstar (GSAT) Stock Trades Up, Here Is Why

Yahoo

time5 hours ago

  • Yahoo

Globalstar (GSAT) Stock Trades Up, Here Is Why

What Happened? Shares of satellite communications provider Globalstar (NASDAQ:GSAT) jumped 3.5% in the morning session after the company announced it has started construction to expand its ground station in Singapore. The satellite communications company announced that construction has started on an expansion of its ground station in Singapore. This project will add two new 6-meter tracking antennas to support its third-generation C-3 mobile satellite system (MSS). The development builds upon a 17-year partnership with Singtel, which hosts the facilities, and is expected to enable expanded service offerings across Southeast Asia. This operational news follows a strong second-quarter financial report from August 8, where Globalstar beat revenue expectations and reported a significant increase in net income, returning to profitability. The combination of strong recent performance and strategic expansion appears to be boosting investor confidence. After the initial pop the shares cooled down to $28.48, up 0.7% from previous close. Is now the time to buy Globalstar? Access our full analysis report here, it's free. What Is The Market Telling Us Globalstar's shares are extremely volatile and have had 41 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 3.1% on the news that the company and Parsons Corporation announced a successful proof of concept for a joint commercial satellite solution. This collaboration integrated Globalstar's Low Earth Orbit (LEO) satellite capabilities with advanced software from Parsons, a leader in national security solutions. The company stated this successful test marked a significant step toward the commercial availability of their joint product. This development paved the way for new commercial satellite solutions, signaling progress in the company's technological and business partnerships. Globalstar is down 10.4% since the beginning of the year, and at $28.48 per share, it is trading 17.1% below its 52-week high of $34.35 from December 2024. Investors who bought $1,000 worth of Globalstar's shares 5 years ago would now be looking at an investment worth $5,048. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store