PETALING JAYA: Lee Swee Kiat Group Bhd
(LSK) could see further bottomline gains ahead if its plans for a higher profit margin becomes a reality.
CGS-CIMB Research said the group expects its strong sales momentum to continue in the financial year 2023 (FY23) given strong demand for mattresses in the local market.
“This is anticipated to come from end-consumers and via business to business clients.
“Also, riding on its strong product proposition as well as lower competition in the market, where there are lesser of a supply of bedding product manufacturers due to weak economies of scale,” the research house said in its latest report.
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