Article rank 6 Jul 2019StarBizBy GANESHWARAN KANA ganeshwaran@thestar.com.my Malaysia’s private sector debt soaring Business expansion continues to be fuelled by debt accumulation over the years PRIVATE sector debt in Malaysia is on the rise as business expansion continues to be fuelled by debt accumulation over the years................
........... Cash-rich companies
In terms of the cash-rich companies, the Genting group remained the largest net cash entity with RM4.8bil as of March 31, although it saw a decline in its net cash position by RM252mil compared to a quarter ago.
The Genting group comprises Genting Bhd, Genting Malaysia Bhd, Genting Plantations Bhd and Landmarks Bhd.
Meanwhile, the AirAsia group is the second highest with a net cash of RM3.95bil, adding RM800mil q-o-q to its coffers due to the continued sale and leaseback of its aircraft.
This is followed by the Petronas group (RM3.68bil), Lotte Chemical Titan Holding Bhd (RM3.54bil) and Oriental Holdings Bhd (RM3.32bil). From page 12 Speaking to StarBizWeek, MIDF head of research Mohd Redza Abdul Rahman says corporate debt is on the rise as it is the cheapest funding source for business.........................Continue to read refer the Star news paper.6 Jul 2019StarBiz
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Youghin
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Posted by Youghin > 2019-07-03 12:59 | Report Abuse
waiting for it to break 0.25