Despite enjoying relatively resilient demand for staple-related products, consumer companies will likely see their margins come under pressure due to volatility of commodity prices.
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Here is a brief look at some corporate announcements and news flow on Wednesday (June 1) involving Tenaga Nasional Bhd, Top Glove Corp Bhd, YTL Power International Bhd, Sapura Energy Bhd, Comintel Corp Bhd, GIIB Holdings Bhd, Perak Transit Bhd, Dutch Lady Milk Industries Bhd, TA Global Bhd, Pecca Group Bhd, QES Group Bhd and TDM Bhd.
KUALA LUMPUR: Stocks that will be in focus on Thursday include YTL Power International, Sapura Energy, Comintel, Dutch Lady, TA Global, Pecca, QES and TDM, said JF Apex Research.
Dutch Lady Milk Industries Bhd has cautioned that more price hikes could be on the horizon for consumers as cost inflation leaps. Noting that the dairy product manufacturer is facing industry-wide headwinds the global supply chain disruption, “unprecedented” global inflation and raw material price volatility its managing director Ramjeet Kaur Virik said these issues are posing a challenge for the group as it aims to keep its products affordable for consumers.