MY : Strategy - Nationwide MCO 3.0 from 12 May to 7 Jun

Malaysia has announced a nationwide MCO 3.0 from 12 May to 7 Jun to curb the spread of Covid-19 which has accelerated in recent weeks. We estimate every month of MCO will shave 0.3% pt from GDP growth. This development is negative as it raises the risk of earnings disappointments for the REIT, tourism-related, casino, consumer, property, and auto sectors.

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