“Businesses, especially SMEs, small traders, retailers as well as the travel and tourism sectors would have to endure tough sales during this festive celebration and incur cash flow problems as some have already stocked up goods ahead of the festive season.”
CGS-CIMB said in a note today that based on its preliminary assessment, the MCO 2.0 could negatively impact brewers due to weaker on-trade sales, while consumer sales will be impacted by lower footfall, reduced dining-out activities and shorter operating hours.
Overall, cancellation of the KL-Singapore HSR is negative news but replacing it with the KL-JB HSR would still be positive for local rail players, said analyst.
"RWG's safety protocols are robust, and provide a safe environment for guests and employees.”
While downside risks continued to cloud the recovery in overall trade activity owing to the resurgence of Covid-19 cases, the economists from investment banks opined that vaccine roll-outs in some major economies are anticipated to alleviate some of the risks in 2021
AmInvestment analysts wrote that for the next 12 to 18 months, REITs will be broadly on their recovery path as consumer spending and footfall recover.
Pecca confirms 246 employees tested positive for Covid-19, seven-day production closure limited to less than 5% of FY21 revenue
Pending further developments within this period and further consultations with the Ministry of Health, Pecca Leather Sdn Bhd aims to resume production operations no later than Dec 28.
Hong Leong Investment Bank (HLIB) Research analyst Lim Ken Wern said in a note today that with the Home Ownership Campaign (HOC) ending on May 31 next year, developers will need to continue providing goodies in order to attract bookings.
Kossan founder says 427 employees tested positive for Covid-19, but impact on bottom line less than 2%
Only one site out of the group’s six locations, or 25% of its total output volume, was affected by the outbreak.
Analyst Loong Kok Wen: While we cannot confirm the above until the government makes its announcement, we think selective property stocks will likely see trading opportunities ahead.