JHM to see further lockdown impact in third quarter

“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

KUALA LUMPUR: JHM Consolidation Bhd could be experiencing a slower recovery compared with its local peers as the impact of MCO 3.0 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.