Thai crisis continues to affect Zhulian earnings

PETALING JAYA: The prolonged political crisis in Thailand could continue to be a drag on Zhulian Corp Bhd’s earnings with the main issue being the controversial rice subsidy scheme which is falling apart, says Kenanga Research.

It said the Thai government was facing issues raising funds to subsidise farmers under the scheme, which resulted in disposal income in the rural areas been significantly affected and negatively impacting Zhulian’s operations in the country.