DUE to the second movement control order (MCO 2.0), gaming and numbers forecast operators (NFOs) will see hits to their earnings for financial year 2021 (FY21), say financial analysts.
However, the second half of 2021 may see earnings returning to pre-Covid-19 levels once business operations are allowed to resume with the rollout of vaccines.
Maybank Investment Bank (IB) Research opines that due to the high number of new Covid-19 cases in the country, there is a strong probability that NFO outlets in the MCO 2.0-affected states may remain shut for at least 13 weeks, similar to what had happened in the first MCO that started in March 2020.
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