Muted growth likely for 3Q earnings

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Corporateearnings,Ringgitstrength,Malaysiaeconomy

HOW many times have you felt that rush of panic when you accidentally drop your phone?

PETALING JAYA: Corporate Malaysia’s third-quarter earnings season is expected to be mostly in line with the previous quarters, with limited surprises.

“For instance, poultry players may see some margin expansion because they import animal feed in dollars. Hence, the weaker dollar will benefit these firms. Moreover, the healthcare sector such as hospitals which have dollar-denominated debt will benefit from reduced financing costs. Kevin Khaw Khai Sheng, research analyst at iFAST Capital said REITs will serve as a good buffer for investors to position ahead, while banking has always been quite resilient with the industry’s current accounts and savings accounts ratio remaining quite healthy at about 20% to 30%.

As for the consumer space, Khaw said factors like the uncertainty in whether tourists arrivals will see a substantial rebound, government measures like sugar taxes and negative measures for the poultry industry, continue to impact the sector.

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