PNJ - Management cautious on short-term outlook - AGM Note
  • 2020-06-10T20:21:19
  • Company Research
We attended PNJ’s AGM on June 10, 2020, at which management reiterated its cautious view on consumer spending over the short term. PNJ also disclosed its investment plans to capitalize on a potential recovery from 2021. The key takeaways from the AGM broadly align with our expectations.