Kawan is looking to grow its export sales by penetrating new export markets.
by ANIS HAZIM / Pic Source: Kawanfood.com
KAWAN Food Bhd’s outlook remains positive due to robust frozen food demand driven by higher in-house food consumption during the Movement Control Order (MCO).
Public Investment Bank Bhd (PublicInvest Research) analyst Wong Ling Ling said Kawan is looking to grow its export sales by penetrating new export markets.
However, she said the temporary closure of the group’s Malaysian operations due to the Covid-19 outbreak could negatively impact the company, albeit minimally.
“We believe that the impact on earnings will be