“Most stocks under our coverage are expected to succumb to an earnings decline, with the sole exception of QL Resources, where we expect a modest growth of 5.4% y-o-y for 2020E, ” Affin Hwang research said
KUALA LUMPUR: Affin Hwang research is maintaining its preference for staple food producers over retail, tobacoo and brewery counters due to uncertainties over a coronavirus vaccine.
“We expect the impact from Covid-19 to set aggregate core earnings back by -14.3% for 2020, based on our estimates.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
