MD Tan Keng Kang said HAI-O’s export-oriented sectors would also be affected by the US-China trade spat that has intensified by the slowing global economic activity. “Even though the group does not expect an immediate uplift in the business environment, we believe our solid financial strength and the good growth enablers that we have put in place will stand us in good stead."
PETALING JAYA: Hai-O Enterprise Bhd (Hai-O) is expecting financial year ending April 30,2020 (FY2020) to be challenging on the back of a high cost of living that is hampering consumers’ spending in Malaysia.
In its annual report 2019, the group managing director Tan Keng Kang said the group’s export-oriented sectors would also be affected by the US-China trade spat that has intensified by the slowing global economic activity.
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