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Daily Express
18-06-2025
- Health
- Daily Express
Fix food policy now or face health crisis, says economist
Published on: Wednesday, June 18, 2025 Published on: Wed, Jun 18, 2025 By: Pan Eu Joe, FMT Text Size: Economist Jomo Kwame Sundaram speaking at EPF's International Social Wellbeing Conference in Kuala Lumpur today. Kuala Lumpur: Malaysia must urgently reform its food and nutrition policies, especially for young children, to improve long-term health and development, says economist Jomo Kwame Sundaram. Speaking at EPF's International Social Wellbeing Conference here today, the Khazanah Research Institute adviser said many government nutrition programmes were low in quality and did not meet basic dietary needs. Advertisement He also criticised the government's reliance on market mechanisms like the sugar tax, saying these alone were insufficient. 'The sugar tax is not working well. We need real rules and changes in how people eat,' he said in his keynote speech for the session titled 'Living Longer: Is Malaysia Ready for the Challenges Ahead?' 'People must be encouraged to eat fresh, healthy food again. Not everything can be solved by taxes.' In 2019, Malaysia introduced a sugar tax of RM0.40 per litre for sweetened beverages which it raised to RM0.50 in 2024, with plans to hike it to RM0.90 this year. While the tax has led to some product reformulation, its impact on public health remains under debate. Jomo described Malaysia's surging diabetes rates as a serious warning sign, saying prevalence had tripled since the 1980s, with nearly one in four adults now living with the disease. 'This shows that our past health campaigns have failed. We must act before it gets worse,' he said. He cited the 1970s village midwife programme as an example of an effective, low-cost public health policy that reduced maternal and child mortality but was never scaled up. 'These ideas worked well before. But we didn't build on them,' he said. He urged the government to adopt a 'whole-of-government and whole-of-society' approach to issues such as poor nutrition, ageing, and unequal access to care. 'This should not be led by companies trying to sell products,' he said. 'We need to talk about real solutions for everyone's health and well-being.' * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
29-01-2025
- Business
- Yahoo
Analysts Have Been Trimming Their Bursa Malaysia Berhad (KLSE:BURSA) Price Target After Its Latest Report
Bursa Malaysia Berhad (KLSE:BURSA) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Results overall were respectable, with statutory earnings of RM0.38 per share roughly in line with what the analysts had forecast. Revenues of RM782m came in 3.3% ahead of analyst predictions. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. View our latest analysis for Bursa Malaysia Berhad Taking into account the latest results, Bursa Malaysia Berhad's 16 analysts currently expect revenues in 2025 to be RM774.8m, approximately in line with the last 12 months. Statutory per-share earnings are expected to be RM0.38, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of RM786.7m and earnings per share (EPS) of RM0.40 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year. The average price target fell 5.1% to RM9.49, with reduced earnings forecasts clearly tied to a lower valuation estimate. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Bursa Malaysia Berhad at RM11.30 per share, while the most bearish prices it at RM7.70. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that revenue is expected to reverse, with a forecast 0.9% annualised decline to the end of 2025. That is a notable change from historical growth of 0.5% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 8.1% per year. It's pretty clear that Bursa Malaysia Berhad's revenues are expected to perform substantially worse than the wider industry. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Bursa Malaysia Berhad's future valuation. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Bursa Malaysia Berhad going out to 2027, and you can see them free on our platform here. You still need to take note of risks, for example - Bursa Malaysia Berhad has 1 warning sign we think you should be aware of. 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. Sign in to access your portfolio
