According to Affin Hwang Capital used motor vehicle financier ELK-Desa Resources Bhd is viewed as a safe haven in volatile markets given a resilient earnings outlook against a backdrop of moderating global growth.
PETALING JAYA: Used motor vehicle financier Elk-Desa Resources Bhd
’s earnings outlook for the second half of financial year 2019 (H2FY19) looks to be resilient, backed by the group’s vertical expansion focus in the used-car hire purchase markets while maintaining domestic dealer partnerships in its furniture business.
According to Affin Hwang Capital, ELK-Desa is viewed as a safe haven in volatile markets given a resilient earnings outlook against a backdrop of moderating global growth.
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