PETALING JAYA: Companies in the plastic and packaging industry may see earnings in the third quarter (Q3) of 2021 coming in softer quarter-on-quarter (q-o-q) as a result of the 60% workforce capacity limit imposed due to movement restrictions.
This would have likely lowered their sales volume during the quarter, said Kenanga Research.
“We estimate that the manufacturers were operating at a utilisation rate of 55% to 65% in Q3 of 2021 versus 50% to 60% in Q2,” it said in a report.
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