Latest news with #ODP
Barnama
5 days ago
- Business
- Barnama
N.Sembilan Employers Urged To Hire Local Workers, Including Prison Inmates
SEREMBAN, May 29 (Bernama) -- Employers in Negeri Sembilan are encouraged to hire local workers from various available sources, including prison inmates and parolees, as an alternative to reduce reliance on foreign labour. State Entrepreneur Development, Human Resources, Climate Change, Cooperatives and Consumerism Committee chairman S. Veerapan said the initiative is being implemented in collaboration with the Malaysian Prisons Department through the recruitment of supervised persons (ODS), paroled persons (ODP) and licenced released persons (OBB). 'As of this year, a total of 549 local workers from prison rehabilitation programmes have been placed with 76 employers, particularly in the manufacturing sector, to undergo career training. 'Of that number, nine companies have hired 368 ODS inmates, 54 companies have employed 135 OBB, and 13 companies have taken in 46 ODP. We hope this number will continue to increase,' he told reporters after launching the Labour Seminar – Tripartite Collaboration Between Employers, Workers and Government Agencies to Strengthen a Sustainable Economy in Negeri Sembilan here today. Also present were Negeri Sembilan Labour Department director Roslan Bahari, State Prisons director Ahmad Mustaqim Che Bisi, and Negeri Sembilan HRD Corp branch manager Mohd Khairul Nizam Supaat. Veerapan said all inmates involved in the programme will remain under the supervision of prison authorities until they complete their sentence and may then be absorbed as permanent employees. He added that employers participating in the programme are eligible for incentives under the government's Subsidi Daya Kerjaya, which provides a grant of RM300 for each inmate employed. On the seminar, Veerapan said it serves to strengthen cooperation between employers, employees and government agencies, the key pillars of the labour ecosystem, and supports efforts to boost the state's economy. 'The concept of tripartism refers to collaboration between employers, workers and the government to ensure a stable labour market, enhance productivity, and safeguard the rights and welfare of both parties,' he said.
The Sun
6 days ago
- Business
- The Sun
N. Sembilan employers urged to hire local workers.
SEREMBAN: Employers in Negeri Sembilan are encouraged to hire local workers from various available sources, including prison inmates and parolees, as an alternative to reduce reliance on foreign labour. State Entrepreneur Development, Human Resources, Climate Change, Cooperatives and Consumerism Committee chairman S. Veerapan said the initiative is being implemented in collaboration with the Malaysian Prisons Department through the recruitment of supervised persons (ODS), paroled persons (ODP) and licenced released persons (OBB). 'As of this year, a total of 549 local workers from prison rehabilitation programmes have been placed with 76 employers, particularly in the manufacturing sector, to undergo career training. 'Of that number, nine companies have hired 368 ODS inmates, 54 companies have employed 135 OBB, and 13 companies have taken in 46 ODP. We hope this number will continue to increase,' he told reporters after launching the Labour Seminar – Tripartite Collaboration Between Employers, Workers and Government Agencies to Strengthen a Sustainable Economy in Negeri Sembilan here today. Also present were Negeri Sembilan Labour Department director Roslan Bahari, State Prisons director Ahmad Mustaqim Che Bisi, and Negeri Sembilan HRD Corp branch manager Mohd Khairul Nizam Supaat. Veerapan said all inmates involved in the programme will remain under the supervision of prison authorities until they complete their sentence and may then be absorbed as permanent employees. He added that employers participating in the programme are eligible for incentives under the government's Subsidi Daya Kerjaya, which provides a grant of RM300 for each inmate employed. On the seminar, Veerapan said it serves to strengthen cooperation between employers, employees and government agencies, the key pillars of the labour ecosystem, and supports efforts to boost the state's economy. 'The concept of tripartism refers to collaboration between employers, workers and the government to ensure a stable labour market, enhance productivity, and safeguard the rights and welfare of both parties,' he said. Meanwhile, Roslan revealed that a case involving forced labour had been detected in the Seremban area and investigations are currently ongoing.
The Star
26-05-2025
- Business
- The Star
Tourism players urged to hire parolees
JERTIH: Employers in the tourism and hospitality sectors on Terengganu's resort islands are encouraged to hire inmates out on parole. Terengganu Prisons director Mohd Nasir Yusof ( pic ) said employers in various sectors have the opportunity to hire inmates categorised as parolees (ODP) and persons released on licence (OBB) through the Corporate Smart Internship for Parolees (CSI Parol) programme. 'A total of 720 inmates have participated in the CSI programme in the state, and of that number, about 500 individuals have been employed across various sectors. 'So far, 32 inmates are employed by three different employers on Redang Island, while five inmates are working for a single employer on Perhentian Island,' he told reporters after opening the Community, OBB and employers' awareness programme on Perhentian Island yesterday, Bernama reported. Mohd Nasir said that employers and inmates could benefit from the programme. 'The inmates involved are those nearing release and have undergone thorough screening. 'They are also continuously monitored during their employment. 'Tourism sector employers have given us very positive feedback about the working inmates, highlighting their good treatment of customers and zero criminal misconduct,' he added.
Barnama
25-05-2025
- Business
- Barnama
Hospitality, Tourism Sectors Encouraged To Employ Parolees
JERTIH, May 25 (Bernama) -- Employers in the tourism and hospitality sectors on Terengganu's resort islands are encouraged to hire inmates out on parole. Terengganu Prisons director Mohd Nasir Yusof said employers in various sectors have the opportunity to hire inmates categorised as parolees (ODP) and persons released on licence (OBB) through the Corporate Smart Internship for Parolees (CSI Parol) programme. This initiative aims to provide employment opportunities in different fields. 'A total of 720 inmates have participated in the CSI programme in the state, and of that number, about 500 individuals have been employed across various sectors. So far, 32 inmates are employed by three different employers on Redang Island, while five inmates are working for a single employer on Perhentian Island, he told reporters after opening the Community, OBB and Employers' awareness programme on Perhentian Island, near here, today. Mohd Nasir said the department aims for at least five employers in the sector to hire parolees this year. He added that employers and inmates can benefit from the programme. 'The inmates involved are those nearing release and have undergone thorough screening. They are also continuously monitored during their employment with the employer. 'The feedback we have received from tourism sector employers about the working inmates has been very positive, such as their good treatment of customers and zero criminal misconduct. In some cases, inmates who were fully released from prison were immediately offered permanent employment by the same employer. 'This programme also aims to educate the public, especially employers, to give these individuals a second chance to rebuild their lives, regain their self-confidence, and contribute positively to society,' he said.
Yahoo
15-05-2025
- Business
- Yahoo
Investors Heavily Search The ODP Corporation (ODP): Here is What You Need to Know
ODP Corp. (ODP) has been one of the most searched-for stocks on lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this office supply retailer have returned +37.2%, compared to the Zacks S&P 500 composite's +9% change. During this period, the Zacks Retail - Miscellaneous industry, which ODP Corp. falls in, has gained 13.6%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. ODP Corp. is expected to post earnings of $0.33 per share for the current quarter, representing a year-over-year change of -41.1%. Over the last 30 days, the Zacks Consensus Estimate has changed +25%. For the current fiscal year, the consensus earnings estimate of $3.03 points to a change of -8.2% from the prior year. Over the last 30 days, this estimate has changed +18.4%. For the next fiscal year, the consensus earnings estimate of $3.16 indicates a change of +4.5% from what ODP Corp. is expected to report a year ago. Over the past month, the estimate has changed +8%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for ODP Corp. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. In the case of ODP Corp. the consensus sales estimate of $1.57 billion for the current quarter points to a year-over-year change of -8.4%. The $6.58 billion and $6.62 billion estimates for the current and next fiscal years indicate changes of -5.8% and +0.6%, respectively. ODP Corp. reported revenues of $1.7 billion in the last reported quarter, representing a year-over-year change of -9.2%. EPS of $1.06 for the same period compares with $1.05 a year ago. Compared to the Zacks Consensus Estimate of $1.65 billion, the reported revenues represent a surprise of +3.03%. The EPS surprise was +63.08%. Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates two times over this period. No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. ODP Corp. is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about ODP Corp. However, its Zacks Rank #1 does suggest that it may outperform the broader market 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 The ODP Corporation (ODP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
