Malaysia Lockdown - DBS Research 2020-03-18: Impact On SGX Companies

Malaysia Lockdown - DBS Research | SGinvestors.io VENTURE CORPORATION LIMITED (SGX:V03)

Malaysia Lockdown - Impact On SGX Companies

  • Malaysia shuts down non-essential activities, bars citizens from going overseas and foreigners from entering the country for about 2 weeks starting today till end-March.



Companies/sector affected by Malaysia lockdown


Manufacturing impact


Manpower impact

  • ComfortDelGro (SGX:C52): 21% (c.5,200) of staff are Malaysians but only 40 are working in Malaysia.
  • F&B service companies: Most have a small and manageable number of Malaysian workers due to the foreign dependency ratio ceiling.

Potential beneficiaries






Yeo Kee Yan CMT DBS Group Research | https://www.dbsvickers.com/ 2020-03-18
SGX Stock Analyst Report BUY MAINTAIN BUY 18.500 SAME 18.500



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