Shared on14 Jul 25
Poh Kong Holdings Bhd – Risks from Discretionary Spending Shift As a player in consumer discretionary retail, Poh Kong is directly exposed to changes in household spending behavior. If new taxes (e.g., sales tax expansion, capital gains tax, or SST hikes) reduce disposable income or increase the cost of luxury goods, this could suppress demand for jewelry, especially higher-margin items like diamonds and branded pieces.