From the QR report, ending March'2020 .........so, most likely next quarter reporting will fare worse, since many businesses were closed during April and May period
Revenue for the 1st quarter of 2020 declined by 7% from RM173.332 million in the last quarter of 2019 to RM160.963 million. Our business was affected with the onset of the pandemic in the first quarter of this year. Many of our food and beverage customers (eg. Hotels, restuarants, coffee shops, school hostels etc) were closed or operated on a limited scale allowing only deliveries and take-aways. Retail stores in housing areas performed well as household consumers stocked up on their daily necessities.
Short term wise, I don't think the share price will jump too much. Cause expecting Q2 will be bad.
If u had red through the management discussion and analysis, they had mentioned their business had affected during MCO. http://www.cck.com.my/en/mda
"Despite being an essential industry and required to continue operations during the pandemic, the Group’s business has been affected particularly as our corporate clients, our restaurant customers and other food businesses experience sluggish or even no demand.
The Group had planned to open 2 supermarkets in the second quarter of 2020, one in Kuching and one in Kota Kinabalu. However, with the growing uncertainties, the Group will now proceed with the planned projects once the situation has stabilised."
However, if u plan to keep for long term, it shouldn't be a problem.
Volume suddenly surging prior to closing on Thursday.. Good result? Suppose during MCO, all kedai runcit sales flying high, people no intent to go crowd retailer.
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Posted by CAF-POW > 2020-06-30 18:50 | Report Abuse
From the QR report, ending March'2020 .........so, most likely next quarter reporting will fare worse, since many businesses were closed during April and May period
Revenue for the 1st quarter of 2020 declined by 7% from RM173.332 million in the last quarter of
2019 to RM160.963 million.
Our business was affected with the onset of the pandemic in the first quarter of this year. Many
of our food and beverage customers (eg. Hotels, restuarants, coffee shops, school hostels etc)
were closed or operated on a limited scale allowing only deliveries and take-aways. Retail
stores in housing areas performed well as household consumers stocked up on their daily
necessities.