Limited downside risk to earnings

Rakuten Trade head of equity sales Vincent Lau said the downside risk to corporate earnings in the second half are limited as “the (labour shortage) issue has been ongoing for some time now.” “There may be some impact (on earnings) but should not be that significant."

KUALA LUMPUR: There may be very limited fallout to corporate earnings in the second half of this year, following the reinstatement of a temporary freeze on the recruitment of Indonesian workers, according to fund managers.

Rakuten Trade head of equity sales Vincent Lau said the downside risk to corporate earnings in the second half are limited as “the (labour shortage) issue has been ongoing for some time now.”