5 Asean economies to rake in US$15b

Publish date: Mon, 04 Nov 2013, 10:13 PM
KUALA LUMPUR: The top five economies in the region can earn added profits of approximately US$15 billion if the companies implement a marginal price increase of two per cent.

In a statement today, Simon-Kucher and Partners Managing Director, Dr Jochen Krauss, said based on Asean Pricing Stress Test 2013, the companies in Asean were losing out by focusing solely on cost-cutting.

"They have to look at the real profit driver - their prices," he said.

Simon-Kucher Director, Jan Weiser, said companies with low returns have the biggest potential and that's why just small price increases could have the largest profit impact here.

The consultancy analysed approximately 1,400 companies listed on the stock exchanges of Singapore, Malaysia, Indonesia, Thailand and the Philippines and calculated the impact of small price increases on a company's profit.

The study revealed that the highest average profit growth potential lies in companies in the consumer/retail sector (+48 per cent), followed by manufacturing (+41 per cent), construction (+32 per cent) and telecommunications (+27 per cent) enterprises. -- Bernama
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Thundercats

lol, what a good study, but cannot be used in stock market

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