Australia – May Retail Sales
03/07/2020 11:39 am MYT
T +
T -

On a month-on-month basis, the seasonally adjusted retail turnover rose by 16.9% in May due to the gradual easing of lockdown restriction – see table 1. Year-on-year, total retail sales increased by 5.5% – see figure 1.

Note from Publisher
i Capital will not be published for the issue dated 30 Jul – 5 Aug, 2020. However, during this period, will be updated as usual. Apart from the public holiday, our office’s operating hours will not be affected. Volume 31, number 46 of i Capital will hence be dated 6 – 12 Aug, 2020.

As the number of daily Covid-19 confirmed cases in Malaysia returned to double digits, prime minister Muhyiddin made a timely call to all Malaysians to not let down their guard. With even the recalcitrant Trump urging pouting Americans to wear masks, Malaysians should be wise and mature enough to voluntarily do what is right instead of waiting for the government to chide them into obedience like they are little children. Just by undertaking a simple act of wearing masks, Malaysians are helping themselves, because until and unless the virus is brought under control, the risk of another wave of infection remains high.

Meanwhile, the irresponsible Trump administration is escalating tensions with China to save his troubled reelection campaign. This could complicate the economic recovery from Covid-19. What is our economic and investment outlook ? Please join us in a special virtual conference on 1 Aug to know more. This virtual conference will be conducted in Mandarin.
Following the Recovery Movement Control Order ("RMCO") announced by the Malaysian Government which takes effect from 10 June 2020 to 31 August 2020, Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures ("SOP") prescribed by the relevant authorities. During the RMCO, we will continue to take precautionary measures to protect our employees, clients and other stakeholders. Among others, all visitors must continue to wear face masks, having their body temperature recorded, making health declaration and ensure social distancing when you visit any of our Kuala Lumpur offices. To better manage your visits and avoid any inconveniences, you are advised to make an appointment with us before your visit. For our Kuala Lumpur office, you may reach us at +603-2070 2104 or 2105 or 2106 or email us at (investment advisory) or (fund management).
Stock Selections
Corporate News