Poh Kong Holdings Bhd remains optimistic about the continued strength in gold demand, attributing this resilience to persistent global trade tensions and tariff-related economic disruptions that have prompted investors to turn to traditional safe-haven assets such as gold.
In a filing with Bursa Malaysia, the jeweller highlighted that gold demand historically increases during periods of tariff-induced uncertainty, as investors seek refuge from inflationary pressures and heightened market volatility. The company noted that current global trade frictions are notably altering production and trade flows, further fuelling interest in gold.
For the third quarter ended 30 April 2025, Poh Kong reported a stable net profit of RM47.6 million, translating to earnings per share of 11.60 sen. This brings the group’s cumulative nine-month net profit to RM98.5 million, or 24.01 sen per share.
Revenue for the quarter rose 2.7% year-on-year to RM533.9 million, supported largely by a rally in global gold prices. This increase helped lift total revenue for the nine-month period to RM1.32 billion.
Poh Kong stated that the upward momentum in gold prices had contributed to stronger operating profits in the quarter under review, reinforcing the group’s stable financial footing amid macroeconomic uncertainties.
-The Star
