Select Harvest Limited (ASX: SHV) has reported concerning the Coronavirus outbreak, that its material short-term financial performance is not affected by the epidemic. However, acknowledging the underlying uncertainty, the company identified the potential risks and noted the following:
- Harvest and the marketing campaign commenced for 2019-20 crop;
- Company’s expectation of near term-softening in the price and demand of almond;
- SHV to continue to market in its domestic and traditional markets such as India, the Middle East and Europe;
- No immediate inventory issue for the raw materials sourced from China that can affect the company’s service.;
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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