Stock Digest - Elk-Desa Resources Bhd - Recovery On Track Amid Stronger Demand

In view of a sustained repayment trend, ELKDESA raised its hire purchase receivables by 10.9% YoY and 3.8% QoQ to RM521.1m to capture a stronger demand for used-car hire purchase financing amid normalising economy. Contributing factors driving the demand include the popularity of online trading platforms for used car, as well as the revision of minimum wages to RM1,500.