国内热点新闻

buy apple developer account:Suez Canal blockage has minimal impacts on glove, consumer sectors

来源:申博官方网 发布时间:2021-04-02 浏览次数:

USDT自动充值API接口

菜宝钱包(caibao.it)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台、usdt跑分平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt无需实名寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键无实名出售Usdt。

choi

sàn casino đổi thưởng tiền mặt uy tín SỐ 1 ,Bạn có thể nạp và rút tiền với; Ví điện tử ; đồng tiền ảo; usdt; an toàn tiện lợi và có độ bảo mật cao. Mọi thông tin chi tiết xin liên hệ URL:www.vng.app。

,

KUALA LUMPUR: The Suez Canal blockage will have minimal impacts on glove makers earnings and the consumer sector for the financial year ending 2021 (FY21).

PublicInvest research said its preliminary estimates suggested that a two-week disruption has minimal impact, although the European market accounts for 30 per cent to 40 per cent of the glove makers’ sales volume.

"However, an extended disruption might worsen the container shortage situation, resulting in revenue recognition delay for glove makers,” it said in a research note today.

Apart from that, the potentially higher freight charges should not erode the glove players’ margins as shipping costs are usually borne by buyers. While efforts glove makers typically recognise revenue when goods are delivered to the ports, however, they are expected to secure a vessel booking prior to transporting the goods to the port, hence, the vessel shortage situation might result in a revenue recognition delays.

On dividend payout, the firm said Top Glove has committed to a special dividend payout of 20 per cent, bringing its total dividend payout for the second quarter of FY21 to fourth quarter of FY21 to 70 per cent.

"Based on our earnings forecast, Top Glove should pay a total dividend per share (DPS) of 84.3 sen for FY21, which would translate to an attractive dividend yield of 16.4 per cent.

"We expect Hartalega and Kossan to pay out a DPS of 47.4 sen and 39.7 sen, respectively in FY21, representing a dividend yield of 5.0 per cent and 11.5 per cent.

"Thus, we maintain our overweight call on rubber gloves,” it added.

Meanwhile, recovery in global economic activities is expected to be supported by the vaccine rollout and stimulus packages, which will likely boost consumer confidence.

Given the importance of Egypt’s Suez Canal to global trade, the blockage will cause further disruption to the already strained global supply chain.

"However, we are of the view that it will not have a substantial impact on earnings for companies under our coverage.

"Based on our calculation, we estimate that the earnings impact for Kawan Food and QL Resources to be minimal, at 1.0 per cent should there be a delay in shipments for two weeks as both companies remain geographically diversified. Note that Europe accounts for 9.0 per cent of Kawan’s FY20 sales,” it said.

Through the firm’s estimate, Homeritzs is one the three furniture companies to have the largest impact, given its bigger presence in Europe compared to Poh Huat and Wegmans.

"We understand that the European market accounts for 18 per cent of Homeritz’s sales, and we estimate that its earnings would fall by 1.0 per cent. We upgrade our consumer sector view from neutral to overweight,” it added. - Bernama

发表评论
请自觉遵守互联网相关的政策法规,严禁发布色情、暴力、反动的言论。
评价:
表情:
用户名: 验证码:点击我更换图片