Firms In For Tougher Reporting Season

Firms in for tougher reporting season (Click For More)

WHILE the global economic downturn undoubtedly brings major uncertainties, Malaysian companies in general are on a much stronger footing to face it and the many quarters of weakening earning prospects now, compared with the 1997-98 Asian financial crisis.

A handful of companies have started to cut cash dividends to preserve their cash flows and capital. The list includes, most prominently, Public Bank Bhd which made up for the shortfall by declaring a share dividend, but surprisingly, also consumer companies Amway (M) Holdings Bhd and Carlsberg Brewery Malaysia Bhd that belong to one of the most recession-resilient sectors.

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