PETALING JAYA: Poh Kong Holdings Bhd
expects gold demand to remain strong as global trade tensions and tariff-driven disruptions push investors toward safe-haven assets like gold.
“During tariff-induced economic disruptions, gold demand typically surge as investors seek protection against inflation and market volatility, and the metal’s role as a safe-haven asset,” the jeweller said in a filing with Bursa Malaysia.
Poh Kong noted that global trade tensions are significantly disrupting production and trade patterns.
In the third quarter ended April 30, 2025, Poh Kong posted a flat net profit of RM47.6mil, or earnings per share of 11.60 sen, bringing its nine-month profit to RM98.5mil, or 24.01 sen per share.
Poh Kong said overall uptrend in gold prices had improved the operating profits in the current quarter under review.
Revenue for the quarter rose 2.7% to RM533.9mil, lifting its nine-month revenue to RM1.32bil.
The increase in revenue was due mainly to the surge in gold price during the quarter under review.
