Sunday, February 16, 2014

Poh Huat

Surging export sales to the US and a stronger USD, local furniture maker such as Poh Huat have seen their share prices rise sharply.

Its shipments to the US have picked up substantially and the situation continues to improve with the recovery of the world’s largest economy.

The group only bounced back to its FY2007 earnings level in FY2012.

Other furniture makers are Latitude Tree, Lii Hen Industries, SWS Capital Bhd ...

Growth in the US will drive demand in the European markets. Coupled with the Strong USD, Malaysian products would be relatively more competitive.

With the continued recovery of the US market as well as the USD, local furniture makers may continue to see improvements in their earnings.

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Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.