Malaysian firms in Qatar doing fine
F Saad | 09 Jun 2017 00:30
Share prices of companies with business interests in Qatar took a hit when news of geopolitical tensions broke.

Among the listed companies affected were Muhibbah Engineering (M) Bhd, Malaysia Airports Holdings Bhd, Eversendai Corp Bhd, Serba Dinamik Holdings Bhd and WCT Holdings Bhd.

Of them, Muhibbah, WCT and Serba Dinamik alone saw RM400 mil in market capitalisation wiped out in a single day on June 6.

All the companies downplayed the impact of the Qatar lockdown with a consensus that it is business as usual.

An economist says it is too soon to predict how deep the impact of the Qatar lockdown will be on Malaysian companies there.