Minor blips in earnings for Malaysia firms
Malaysian companies with operations in Thailand may face a blip in earnings in the current quarter due to the worst floods in well over half a century in the kingdom, analysts say.
Thus far, Notion VTec Bhd, Eng Teknologi Bhd and Fraser & Neave Holdings Bhd have announced temporary closures of their respective facilities due to the floods .
They said the flood had forced the halt of their operations, but the extent of the damage has yet to be ascertained.
Bina Puri executive director Matthew Tee Kai Woon told Business Times that it is business as usual for the company, which has construction contracts worth more than RM50 million in Bangkok.,BlackBerry Wholesale,Projector Lampsoklahoma thunder jerseys
"Despite the chaos,,Jogos Quentes Gold, we have not stopped work and we do not think the situation will have any impact on our earnings," he said.
Mercury Securities head of research Edmund Tham said here yesterday that the impact will be small as Thailand is not a significant earnings driver, contributing just under 10 per cent to some of the companies' earnings.
"The floods have affected the supply chain for manufacturers and logistics firms with railroad and truck services being halted.
"We would like to think the worst is over but there is another tropical storm coming, which may affect Bangkok, where most Malaysian companies are located," he said.orlando magic jerseys
Malaysian companies with operations in Thailand may face a blip in earnings in the current quarter due to the worst floods in well over half a century in the kingdom, analysts say.
Thus far, Notion VTec Bhd, Eng Teknologi Bhd and Fraser & Neave Holdings Bhd have announced temporary closures of their respective facilities due to the floods .
They said the flood had forced the halt of their operations, but the extent of the damage has yet to be ascertained.
Bina Puri executive director Matthew Tee Kai Woon told Business Times that it is business as usual for the company, which has construction contracts worth more than RM50 million in Bangkok.,BlackBerry Wholesale,Projector Lampsoklahoma thunder jerseys
"Despite the chaos,,Jogos Quentes Gold, we have not stopped work and we do not think the situation will have any impact on our earnings," he said.
Mercury Securities head of research Edmund Tham said here yesterday that the impact will be small as Thailand is not a significant earnings driver, contributing just under 10 per cent to some of the companies' earnings.
"The floods have affected the supply chain for manufacturers and logistics firms with railroad and truck services being halted.
"We would like to think the worst is over but there is another tropical storm coming, which may affect Bangkok, where most Malaysian companies are located," he said.orlando magic jerseys
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