Malaysia’s Corporate Earnings Set to Improve in 2023: Maybank

Malaysia’s corporate earnings will likely improve in 2023 after the one-time prosperity tax this year lapses and the economic recovery gains momentum, according to Maybank Investment Banking.

• The main stock index will hit 1,710 by the end of 2022, the head of regional equity research Anand Pathmakanthan said in a briefing on Tuesday; the gauge was down 0.6% to 1,539.77 at 4:14 pm local time
• Free of the tax levy, next year’s earnings are set to rebound sharply, with almost all sectors posting significant growth; even aviation is expected to finally return to profitability
  • The government is unlikely to bring ...