Temporary shutdown to have little impact on SKP


The temporary shutdown of SKP’s operations in Johor Baru is expected to have a smallish impact on the FY21 earnings estimate.

PETALING JAYA: Analysts remain upbeat on SKP Resources Bhd as the temporary shutdown of its facility in Johor Baru is expected to have little impact on its financial year 2021 (FY21) earnings.

“We estimate the temporary shutdown of SKP’s operations in Johor Baru to have a smallish 4.6% impact on our FY21 earnings estimate, with the downside confined to the fourth quarter of FY21

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

US crypto industry eyes possible day-one Trump executive orders
Starbucks workers expand strike in US cities, including New York
AirAsia in talks on aircraft purchases as part of expansion strategy
Coastal Contracts wins large-scale solar PV plant project in Sabah
Malakoff redesignates Che Khalib as non-executive chairman
Ringgit stages strong rebound to end losing streak against US dollar
HeiTech Padu appoints Hasrul Azuan as CEO
Dnex ties up with France-based Conex to streamline EU trade compliance for M’sian exporter
Capital A submits regularisation plan to exit PN17 status
TM and Perodua tie up to drive Malaysia's automotive transformation under NIMP 2030

Others Also Read