AS expected, Corporate Malaysia’s second quarter earnings were extremely disappointing as most corporates, other than the glove sector and, to a certain extent, the plantation and technology sectors, were lashed by the tsunami of movement control order (MCO) and recovery MCO period that followed thereafter.
However, the saving grace is as we are now in the third quarter period and soon into the final quarter, most investors have already factored in the earnings’ whitewash for this year as all eyes are now focusing on 2021 expectations. So, just how bad was the second quarter results?