strong balance sheet

While the Covid-19 outbreak popped up suddenly out of nowhere, the fragility of large firms has been growing for some time. Forty years of falling interest rates has made increasing corporate leverage too irresistible.

CGS-CIMB analyst Eing Kar Mei opines that CMT remains well positioned to “sail through the tough times and emerge stronger later”, similar to how it pulled through the 2003 SARS outbreak with minimal impact.