The toll operations sector registered lower revenue with a decrease of approximately 8.87 per cent in the toll revenue due to the implementation of the movement control order (MCO) in response to the COVID-19 pandemic on March 18, 2020 which has decrease traffic volume.
??? 18th March to 31st March = 14 days only la... Plugging reason or what
I believe is the near term(2020-2023) prospect for highway biz and property development is gloomy.
Initially, I also thought that the COvid-19 is here for a couple of months and would probably be gone by June/July.
Looking at the Covid-19 numbers, its likely to be here for next 12-24 months.
This will likely impact people's interest to spend time driving out for drinks on weekends, outings, less schooling for children,etc
Take a drive on weekends to Mont Kiara, Imbi, hot zones as examples, you don't see the usual crowd anymore.
Many people are losing jobs, pay cuts, MSS, etc,,,less people buying or investing in new property development except for upgraders.
So I guess this sums up the key points of the bosses letting go some of their share holdings.
But I believe after 2023, it should begin to gain traction again but may also head roadblock on GE in 2023. --------------------------------------------------------------------------------- Posted by Mk Jr > Jun 13, 2020 12:07 PM | Report Abuse
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Posted by JK22 > 2020-06-13 10:12 | Report Abuse
https://www.bernama.com/en/business/news.php?id=1850781
The toll operations sector registered lower revenue with a decrease of approximately 8.87 per cent in the toll revenue due to the implementation of the movement control order (MCO) in response to the COVID-19 pandemic on March 18, 2020 which has decrease traffic volume.
??? 18th March to 31st March = 14 days only la... Plugging reason or what