“We expect delivery volumes to increase significantly. However, the reduced sales from the absence of dine in revenues will have a particularly adverse impact on Berjaya Food Bhd (BFood), which runs the Kenny Rogers Roasters (KRR) and Starbucks chains in Malaysia, ” Hong Leong Investment Bank Research said.
KUALA LUMPUR: The Covid-19 pandemic and the 14-day movement control order (MCO) has sent consumer stock share prices tumbling as many companies face declining sales from the lockdown.
Hong Leong Investment Bank Research (HLIB) said the lockdown period from March 18 to 31 would impact corporate earnings and investor confidence although restaurants are permitted to fulfil delivery and take-away orders.
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