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22nd August 2022

Stock Digest - Elk-Desa Resources Bhd - Improved Collection Trend Amid Economic Recoveries

That said, we do not foresee a major reversal of impairment allowance on hire purchase in the upcoming quarter. The hire purchase segment’s growth should rely on a higher hire purchase receivables as ELKDESA aims to gradually bring its hire purchase receivables portfolio towards pre-pandemic levels. Its hire purchase receivables increased 7.3% QoQ to RM502.2m.

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