JHM to see further lockdown impact in 3Q

KUALA LUMPUR: JHM Consolidation Bhd could be experiencing a slower recovery than that of its local peers as the impact of MCO3.0 continues to be felt in northern Malaysia amid the worsening of Covid-19 cases.

"This has caused further lockdowns, resulting in unabsorbed costs arising from newly installed facilities and equipment pending the qualification stage that has yet to be cleared as the new customers were unable to travel to conduct the necessary audits," said Kenanga Research in a note.