As small and medium enterprises (SMEs) contribute more than one-third to Malaysia’s economy, it comes as no surprise that this segment continues to be recognised by the new government and private sectors as an important growth engine.
Maintain buy with a fair value of RM6.10: We maintain our buy call on RHB Bank with an unchanged fair value of RM6.10 per share (0.9 times financial year 2019 or FY19 book value per share), supported by a return on equity of 8.9%.
KUCHING: With small-medium enterprises (SMEs) making up 97 per cent of business in Malaysia while providing close to 4 million employment opportunities, United Overseas Bank (Malaysia) Bhd’s (UOB Bank) next goal is to support this cornerstone through comprehensive and innovative solutioning.
This will take time, at least five years, to stabilise but it has to start now and everyone wants to know the plan, starting with Budget 2019.
United Overseas Bank Malaysia (UOB) has partnered with Syarikat Jaminan Pembiayaan Perniagaan (SJPP), an administrator and manager of credit guarantee schemes under Malaysia’s Ministry of Finance, to offer government-guaranteed financing to small and medium-sized enterprises (SME).
PETALING JAYA: United Overseas Bank (Malaysia) Bhd has signed an agreement with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) to offer government-guaranteed financing to small and medium sized enterprises (SMEs)