Stricter MCO seen raising earnings disappointment risk, says CGS-CIMB

KUALA LUMPUR (May 24): CGS-CIMB Securities Sdn Bhd said today stricter rules under Malaysia’s current movement control order (MCO) to curb the spread of the Covid-19 pandemic may raise the risk of corporate earnings disappointment as the reenforcement of the MCO is likely to reduce manufacturers’ productivity and lower footfall at retail outlets.