We came across a bullish thesis on Airbnb, Inc. on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on ABNB. Airbnb, Inc.’s share was trading at $120.03 as of August 7th. ABNB’s trailing and forward P/E were 29.13 and 27.62, respectively according to Yahoo Finance.
Airbnb, Rent, House, Real Estate
Photo by Karsten Winegeart on Unsplash
Airbnb delivered a strong Q2 2025 performance, with revenue rising 12.7% year-over-year to $3.1 billion, beating estimates by 2.5%. Adjusted EBITDA reached $1.04 billion with a 33.7% margin, while net income hit $642 million and EPS of $1.03 exceeded expectations by 12%. The business remains highly profitable, underpinned by a 20.7% net margin and robust average daily rates of $174.50. Free cash flow stood at $1 billion for the quarter and $4.3 billion over the trailing 12 months, despite a 6.9pp YoY decline in FCF margin.
Nights and Experiences booked grew 7.4% YoY to 134 million, with strong demand in APAC and Latin America offsetting slower growth in the U.S. Airbnb continues to expand globally, with emerging markets growing twice as fast as core regions. Strategic initiatives such as the cohosting model, flexible payments in Brazil, and a redesigned app interface improved engagement and conversion. The relaunch of Experiences and introduction of Services added new monetization layers, with high guest satisfaction but limited near-term revenue contribution.
AI integration reduced human support needs by 15%, and future plans include embedding AI in travel planning and search. The platform’s ability to cross-sell homes, services, and experiences gives it an edge over search-dependent OTAs. A $1 billion share buyback was completed in Q2, followed by a new $6 billion authorization, reflecting confidence in long-term free cash flow. While U.S. and EMEA growth is moderating and Q4 presents tough comps, management remains focused on scaling new verticals, optimizing supply, and sustaining margin strength.
Previously, we covered a bullish thesis on Airbnb, Inc. by Chit Chat Stocks in May 2025, which highlighted the company’s expansion into Experiences and Services. The company’s stock price has declined approximately 12% since our coverage as monetization is still early. Sergey shares an identical thesis but emphasizes Airbnb’s strong Q2 results and initial traction across new verticals.
Airbnb, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held ABNB at the end of the first quarter which was 54 in the previous quarter. While we acknowledge the potential of ABNB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Abu Dhabi [UAE], August 17 (ANI/WAM): Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has welcomed its largest cohort for its Fall 2025 intake, enrolling 403 new students.
This includes its inaugural undergraduate class, new graduate cohorts in existing programmes in Computer Science, Computer Vision, Machine Learning, Natural Language Processing, and Robotics, and the first intakes into the Master of Science in Statistics & Data Science and Master in Applied Artificial Intelligence.
This semester received more than 8,000 applications across the university’s Bachelor and graduate programmes, yielding an acceptance rate of 5 per cent, and reinforcing the university’s prestigious position and ability to attract the best talent in the UAE and from around the world.
Timothy Baldwin, MBZUAI Provost and Professor of Natural Language Processing, said, “This year, MBZUAI welcomes our largest cohort of graduate students alongside our inaugural undergraduate class. Artificial intelligence is transforming the world at a pace that vastly outstrips traditional education models. To realise its full global potential, MBZUAI invests heavily in reviewing and updating our programmes to reflect modern AI research methodology and workflows, based on our bleeding-edge AI research credentials and grounded in societal and industrial needs. As a young institution, MBZUAI has already earned a place among the world’s top 10 AI universities based on our research credentials. With the introduction of our undergraduate and Master’s in Applied AI programmes, we continue to build world-leading programmes aligned with the UAE’s National Strategy for AI 2031 and supporting Abu Dhabi’s rapidly growing AI ecosystem.”
The newly launched Bachelor of Science in Artificial Intelligence programme offers two streams, AI for Business and AI for Engineering, combining technical rigor with leadership, hands-on entrepreneurship, and in-situ industry experience. The first class consists of 115 undergraduate students from more than 25 countries, over 25 per cent of whom are UAE Nationals.
Professor Baldwin said, “The jobs of tomorrow are being shaped by AI today, and we must ensure that future generations are equipped with the tools and skills to navigate that shift. Our extraordinarily talented students don’t just learn about AI, but learn with it, through it, and for it. This is an extraordinary value proposition across all our programmes, but especially for our undergraduate students, who will be studying towards a bachelor’s degree in AI that I believe sets a new global benchmark in terms of technical depth, real-world relevance, and the high-end AI job-readiness of the students.”
The key highlights for the Fall 2025 intake include MBZUAI’s total student body totalling more than 700, representing over 47 nationalities.
Nationalities represented in the undergraduate programmes are Bulgaria, China, Egypt, Georgia, Greece, India, Indonesia, Kazakhstan, the UAE and the UK. Postgraduate programmes bring together students from Canada, China, Egypt, France, India, Italy, Kazakhstan, Serbia, UAE, UK, USA and Vietnam.
MBZUAI continues to attract exceptional students, with 151 of the incoming graduate students (27.5 per cent) holding degrees from the world’s top 100 computer science universities (CSRankings), including Cornell University, Tsinghua University, the University of Edinburgh, and the University of California, San Diego.
In welcoming the new students, MBZUAI has begun its immersive Orientation Week, introducing new students to the university’s culture of academic excellence, AI-driven innovation, and community engagement. The programme combines academic sessions, mentorship activities, and cultural programming celebrating UAE heritage and life in Abu Dhabi.
Highlights include the Orientation Mini Fair, where internal and external partners showcase resources for academic success, career development, and student life. Orientation Week is designed to foster a strong sense of belonging and connection, laying the foundation for academic success and life-changing university experiences. (ANI/WAM)
(This content is sourced from a syndicated feed and is published as received. The Tribune assumes no responsibility or liability for its accuracy, completeness, or content.)
KARACHI: The Pakistan Stock Exchange (PSX) extended its bullish run for the eighth consecutive week, underpinned by Moody’s sovereign rating upgrade, strong corporate earnings and optimism over policy continuity. Despite intermittent volatility, the KSE-100 index touched an all-time high of 147,005 points during the four-day trading week before settling at 146,492 points on Friday, gaining 1,109 points or 0.8 per cent on a week-on-week basis.
Analysts attributed the uptrend largely to mutual fund buying and improved sentiment following Moody’s decision to raise Pakistan’s rating to Caa1 with a stable outlook from Caa2. The upgrade reflected progress on external buffers, fiscal consolidation and reforms under the IMF programme. The index’s resilience also mirrored a broader shift in market confidence, even as challenges such as circular debt payments and weak monthly auto sales weighed on specific sectors.
According to Topline Securities, the average daily traded volume rose 8pc week-on-week to 606 million shares, while the traded value increased 13pc to Rs40.6bn. However, participation was still 7pc lower compared with the prior week, indicating cautious optimism among investors.
AKD Securities noted that the market opened positively on the back of robust earnings announcements and speculation that the government may phase out the super tax over five years under its upcoming industrial policy. Nonetheless, delays in settling circular debt dented the exploration and production (E&P) and oil marketing company (OMC) sectors, dragging the index by 214 and 159 points, respectively.
Benchmark KSE 100 index gained 0.8pc to close at 146,492 points
Beyond the bourse, several developments influenced sentiment. The rupee appreciated for the fourth consecutive week, closing at 282.06 to the dollar, up 0.14pc week-on-week. Finance Minister Muhammad Aurangzeb indicated that Pakistan expects to secure the third $1bn IMF tranche soon.
Meanwhile, Prime Minister Shehbaz Sharif received an invitation from the Saudi crown prince to attend an investment conference. In parallel, Islamabad pressed Beijing for progress on the Gwadar plan, while power-sector circular debt fell to Rs1.61tr by June, offering some respite on the fiscal front.
On the trade front, Pakistani officials continued discussions with the United States over a prospective deal, while Washington designated the Balochistan Liberation Army (BLA) a terrorist organisation — a long-standing demand of Islamabad.
Sector-wise performance remained mixed. Leasing companies, textile spinning, and auto parts outperformed, rising 13.5pc, 7.7pc and 6.2pc respectively week-on-week. In contrast, woollen, jute, and OMC shares declined 5.7pc, 3.2pc and 2.7pc respectively. Flow-wise, banks and other organisations offloaded $9.8m and $4.2m worth of shares, while mutual funds absorbed most of the selling with a net purchase of $15.3m.
Among individual performers, Airlink led the market with a 19.7pc weekly gain, followed by Thal Ltd (16.8pc), Yousuf Weaving (15.1pc), Faysal Bank (8.7pc) and First Habib Modaraba (8.4pc). On the losing side, Unity Modaraba fell 8.3pc, Gadoon Textile Mills 7.8pc, PSX Ltd 5.9pc, Bannu Woollen 5.7pc and Pakistan Petroleum 4.7pc.
In the automotive sector, passenger car and LCV sales rose 28pc year-on-year in July to 11,034 units, though volumes plunged 49pc month-on-month due to high base effects and seasonal weakness. Oil production edged up 0.8pc week-on-week to 59,604 barrels per day, aided by higher output from Makori East and Nashpa fields.
Arif Habib Ltd said the KSE-100’s current forward price-to-earnings ratio stands at 7.45x for FY26, below its 10-year average of 8x, while offering a dividend yield of 6.8pc versus the historical average of 6.5pc. This, combined with the result season, is expected to keep select stocks in focus.
Looking ahead, brokerages expect the market to remain supported by earnings momentum, a benign interest rate outlook and improving liquidity in the energy chain. AKD Securities projected the index could reach 165,215 points by December, driven by strong bank returns, steady fertiliser earnings, and enhanced cash flows in E&Ps and OMCs. However, the sustainability of the rally will hinge on progress in resolving the circular debt and continued adherence to IMF-backed reforms.
Explore MMS Ventures Berhad’s Fair Values from the Community and select yours
When we’re researching a company, it’s sometimes hard to find the warning signs, but there are some financial metrics that can help spot trouble early. A business that’s potentially in decline often shows two trends, a return on capital employed (ROCE) that’s declining, and a base of capital employed that’s also declining. Trends like this ultimately mean the business is reducing its investments and also earning less on what it has invested. And from a first read, things don’t look too good at MMS Ventures Berhad (KLSE:MMSV), so let’s see why.
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Just to clarify if you’re unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for MMS Ventures Berhad, this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)
0.0081 = RM539k ÷ (RM79m – RM12m) (Based on the trailing twelve months to June 2025).
So, MMS Ventures Berhad has an ROCE of 0.8%. In absolute terms, that’s a low return and it also under-performs the Machinery industry average of 7.7%.
Check out our latest analysis for MMS Ventures Berhad
KLSE:MMSV Return on Capital Employed August 17th 2025
While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you’re interested in investigating MMS Ventures Berhad’s past further, check out this free graph covering MMS Ventures Berhad’s past earnings, revenue and cash flow.
We are a bit worried about the trend of returns on capital at MMS Ventures Berhad. Unfortunately the returns on capital have diminished from the 7.1% that they were earning five years ago. Meanwhile, capital employed in the business has stayed roughly the flat over the period. This combination can be indicative of a mature business that still has areas to deploy capital, but the returns received aren’t as high due potentially to new competition or smaller margins. If these trends continue, we wouldn’t expect MMS Ventures Berhad to turn into a multi-bagger.
On a side note, MMS Ventures Berhad’s current liabilities have increased over the last five years to 15% of total assets, effectively distorting the ROCE to some degree. Without this increase, it’s likely that ROCE would be even lower than 0.8%. Keep an eye on this ratio, because the business could encounter some new risks if this metric gets too high.
In summary, it’s unfortunate that MMS Ventures Berhad is generating lower returns from the same amount of capital. Investors haven’t taken kindly to these developments, since the stock has declined 38% from where it was five years ago. That being the case, unless the underlying trends revert to a more positive trajectory, we’d consider looking elsewhere.
One final note, you should learn about the 3 warning signs we’ve spotted with MMS Ventures Berhad (including 2 which can’t be ignored) .
While MMS Ventures Berhad isn’t earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This 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.
global talent crunch is looming. By 2030, more than 85 million vacancies worldwide could be unfilled due to a lack of skilled workers, a Korn Ferry report warns. For a young population like Pakistan’s, where 64 percent of the population is under 30, this is both a warning and a wake-up call. The country’s demographic dividend is a potential game-changer, but only if our youth are equipped with the right skills for the evolving job market.
Pakistan faces a widening gap between the skills our workforce possesses and those demanded by the 21st-Century economy. Traditional education systems and training programmes have not kept pace with rapid technological change, leaving millions unemployed or under-employed. This is especially evident in high-growth sectors like information technology, healthcare and renewable energy, where employers report difficulty finding qualified workers.
The emergence of artificial intelligence (AI) offers a unique opportunity—not as a threat, but as a transformative force that can upskill the workforce and create new employment avenues. For Pakistan, the real potential of AI lies in strengthening skill education, introducing AI-related skills into vocational training and preparing the youth for a digital-first future.
From skills gap to opportunity
Pakistan’s skills gap is particularly stark in the technology sector. Despite the IT industry contributing over $2.6 billion in exports annually, there is a chronic shortage of skilled developers, AI specialists and data scientists. Meanwhile, youth unemployment stands at 11.1 percent. Many university graduates lack the technical or job-ready skills required by employers.
This is where skill-focused education—particularly in AI and emerging technologies—can make a difference. Unlike traditional academic degrees, skill education can rapidly adapt to market demands. By incorporating AI-related skills such as machine learning, data analytics, cloud computing and automation into technical and vocational education and training (TVET), Pakistan can empower its youth to seize new economic opportunities.
AI-driven skill Education
AI can enhance the delivery of skill education. Platforms like Sabaq.pk and Taleemabad are already integrating AI to personalise learning for students, adjusting content to match individual learning needs and progress. This adaptive learning approach increases engagement and ensures learners master foundational skills before progressing.
DigiSkills.pk, a government-backed platform, has trained over 3 million individuals in digital freelancing and AI-related courses. With global freelancing markets booming, valued at $1.5 trillion globally in 2023—this equips Pakistanis to earn online, especially in areas like AI training data labelling, social media automation and chatbot development.
Indian model
India’s digital economy offers a model for Pakistan. India invested early in IT education and skills development through initiatives like NASSCOM’s FutureSkills Prime, which aims to skill over 4 million individuals in AI, cloud and cybersecurity. As a result, India now exports over $200 billion in IT services annually and is home to more than 80,000 start-ups, including many in AI.
AI is not just a tool; it is a catalyst for transformation. With the right investments in AI-driven skill education and employment pathways, Pakistan can turn its demographic challenge into a demographic dividend.
Pakistan can emulate this trajectory by aligning its TVET sector with AI and digital economy needs. Integrating micro-credentials, certification programmes and partnerships with global tech companies—like Google, Microsoft and Coursera—can create a steady pipeline of AI-ready professionals.
AI as an employment enabler
Much of the global narrative around AI focuses on job losses. While some roles will be automated, new job categories are emerging. These include AI trainers, prompt engineers, ethical AI auditors and automation supervisors, to name a few. The World Economic Forum estimates that AI will displace 85 million jobs by 2025 and create 97 million new ones, most requiring reskilling or upskilling.
In Pakistan, organisations like Telenor and Jazz are already upskilling employees in AI-related tools like data analytics, digital marketing automation and chatbot operations. The Punjab Skills Development Fund is also exploring AI-based assessments to better match learners with relevant training, enabling quicker transitions into high-demand roles such as solar technicians and e-commerce managers.
By integrating AI-related modules such as data analytics, robotic process automation (RPA), cloud computing and prompt engineering into vocational training, the PSDF is ensuring that its programmes remain relevant to the future job market. The PSDF deploys AI-powered learning management systems (LMS) that personalise content, tracks learner progress and recommend adaptive learning paths, especially for remote and underserved communities.
Youth and economic mobility
For Pakistan’s youth, AI represents a ticket to upward mobility, especially in underserved and rural areas. With internet penetration now at over 39 percent, and growing mobile broadband access, more young people can tap into digital learning and remote work. AI-powered platforms reduce barriers to entry by offering personalised paths to learning, low-cost certifications and gig economy access.
AI is enabling fairer hiring practices. Platforms like Rozee.pk and Mustakbil are using AI to match candidates with jobs based on skills, not just degrees, reducing bias and leveling the playing field. Pakistani startups like TalentHue use AI to assess soft skills and cultural fit, helping youth land jobs that suit their strengths.
Building an AI-skilled workforce
To fully harness AI’s potential, Pakistan must:
Integrate AI and emerging technologies into TVET curricula nationwide.
Partner with global platforms to offer scalable, industry-aligned certifications.
Invest in digital infrastructure to bridge the connectivity gap, especially in rural areas.
Ensure ethical and inclusive AI deployment to avoid bias and protect privacy.
Empower institutions like the PSDF to scale AI-driven training and employment services.
AI is not just a tool; it is a catalyst for transformation. With the right investments in AI-driven skill education and employment pathways, Pakistan can turn its demographic challenge into a demographic dividend. The future of work is digital. With strategic planning, the Pakistani youth can not only compete globally but lead the way.
The writer is the CEO of the Punjab Skills Development Fund.
Net loss: RM876.0k (loss narrowed by 37% from 2Q 2024).
RM0.005 loss per share (improved from RM0.009 loss in 2Q 2024).
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Catalist:Z4D Earnings and Revenue History August 17th 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
Medi Lifestyle shares are down 10.0% from a week ago.
Before you take the next step you should know about the 5 warning signs for Medi Lifestyle (4 are significant!) that we have uncovered.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This 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.
UMS Integration Limited (SGX:558) has announced that it will pay a dividend of SGD0.01 per share on the 28th of October. This means that the annual payment will be 3.7% of the current stock price, which is in line with the average for the industry.
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We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. Prior to this announcement, UMS Integration’s dividend was making up a very large proportion of earnings and perhaps more concerning was that it was 213% of cash flows. Paying out such a high proportion of cash flows can expose the business to needing to cut the dividend if the business runs into some challenges.
The next year is set to see EPS grow by 66.6%. Under the assumption that the dividend will continue along recent trends, we think the payout ratio could be 54% which would be quite comfortable going to take the dividend forward.
SGX:558 Historic Dividend August 17th 2025
See our latest analysis for UMS Integration
While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. Since 2015, the dividend has gone from SGD0.0384 total annually to SGD0.052. This implies that the company grew its distributions at a yearly rate of about 3.1% over that duration. Modest growth in the dividend is good to see, but we think this is offset by historical cuts to the payments. It is hard to live on a dividend income if the company’s earnings are not consistent.
Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. UMS Integration hasn’t seen much change in its earnings per share over the last five years.
Overall, it’s nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. The payments are bit high to be considered sustainable, and the track record isn’t the best. We would probably look elsewhere for an income investment.
Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we’ve picked out 1 warning sign for UMS Integration that investors should know about before committing capital to this stock. Is UMS Integration not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This 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.
A representational image of a currency dealer counting Rs500 notes. — AFP/File
ISLAMABAD: Pakistan’s mutual fund industry has expanded nearly sevenfold in six years, with total assets climbing to Rs3.93 trillion by June 2025 from Rs578 billion in 2019, driven by strong growth in both conventional and Shariah-compliant investments, according to fresh data from the Securities and Exchange Commission of Pakistan (SECP).
Conventional funds rose 5.2 times over the period to Rs2.206 trillion, while Shariah-compliant funds surged 6.7 times to Rs1.726 trillion, narrowing the market share gap. Shariah-compliant products now account for 44 per cent of the industry, up from 39 per cent in 2019, reflecting rising investor preference for Islamic finance.
After jumping from Rs2.70 trillion in June 2024 to Rs4.43 trillion in December 2024, mutual fund deposits fell by more than half a trillion rupees to Rs3.93 trillion in June 2025. A senior official of the SECP attributed the sharp decline to the federal government’s announcement of an incremental tax of up to 16 per cent on banks with an advance-to-deposit ratio below 50 per cent as of Dec 31, 2024. “To meet the Advance-to-Deposit Ratio requirement, banks had to either expand lending or reduce deposits. To ease deposit pressure, they encouraged large clients to shift funds into mutual funds, temporarily boosting mutual fund assets. Once the ratio target was met, much of that money flowed back into the banking system after December 31,” official said. Decline was around 10 per cent, from December to June 2025, though a substantial increase on y-o-y basis, he added.Official said that the SECP has been holding focus group sessions with industry stakeholders to map the next phase of reforms. Key priorities include the digital transformation of mutual funds, introduction of exchange traded funds (ETFs), and launching infrastructure and ESG-based funds to tap sustainable investment demand. The regulator also plans to revamp mutual fund distribution models, promote systematic investment plans (SIPs) for retail savers and enhance financial inclusion, with a special focus on women investors. Additionally, reforms are on the table for prudential limits, governance and transparency standards to safeguard investor interests.
Market analysts say the sector’s growth has been fuelled by a mix of low bank deposit returns, rising financial literacy and regulatory support. However, they warn that sustaining momentum will require innovation, wider accessibility and robust oversight. With mutual fund penetration still low compared to regional peers, the SECP’s reform agenda signals a push to deepen capital markets and channel more domestic savings into productive investments — a shift that could support Pakistan’s broader economic development goals. Retail investors now hold 39.2 per cent of Pakistan’s total Assets Under Management (AUMs) in 2025, up from 38 per cent in 2019, while corporate investors’ share reduced to 61pc against 62pc in 2019. The SECP data also shows that 56pc of total AUMs are conventional, while 44pc are Shariah-compliant. There are now 768,769 individual investors and 6,361 corporate investors in the market, showing widening retail participation in mutual funds and capital markets.
aris glimmered in the sort of heat that brings everything down to a silence. Within the Place d’Iéna, Hermès provided a little mercy — cool flannels upon arrival (‘cool flannels at the door’ refers to the practice of offering damp, chilled cloths (flannels) to guests as a refreshing gesture, especially in hot weather — I could use one right about now) — before seating guests in a room that seemed tranquil and restrained.
This set the tone for Véronique Nichanian’s (the artistic director of Hermès’ menswear division) latest show, an exercise in relaxation, proportion, and texture.
Her solution to summer’s demands was to let the house’s leather breathe. The colour range remained traditional Hermès — deep, inky black, rich tobacco, soft neutrals — with muted coral, sage, and pale blue as quiet punctuation.
Tailoring and layering were, as always, strong and precise. The proportions just shifted a little here: shorter jackets, open-neck shirts worn under safari styles. Easy, relaxed slacks were the foundation paired with an effortless combination of bomber jackets, shirt-jackets and even weightless outerwear. Scarves, both silk and fringed leather, hung loose and low in a Parisian gesture of nonchalance.
“It’s the proportion I like — wider trousers, shorter jackets,” Nichanian declared.
Texture was the heart of it all: shirts in satin that skipped the collar entirely, polos where the seams deliberately didn’t quite line up, and V-necks punctured with tiny holes.
The bags were more than just accessories. Large H canvas totes, some plain, others decorated with a horse mid-leap, opened the lineup. Some bags showed off fun prints, while others played it simple and clean. They were all generously sized, obviously designed for everyday use and travel.
Shoulder totes and solid holdalls that you could just grab and go stole the limelight. The whole outing was fresh and just effortlessly easy. Nichanian called it “lightness,” but it came across as conviction — the quiet assurance of a man who knows what belongs in his world and wears it without fuss — brought to life by the collection.
Profit margin: 6.5% (down from 8.6% in 2Q 2024). The decrease in margin was driven by lower revenue.
EPS: RM0.018 (down from RM0.025 in 2Q 2024).
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KLSE:3A Earnings and Revenue History August 17th 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
Three-A Resources Berhad’s share price is broadly unchanged from a week ago.
We don’t want to rain on the parade too much, but we did also find 1 warning sign for Three-A Resources Berhad that you need to be mindful of.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This 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.
