PETALING JAYA: Particle board manufacturer Heveaboard Bhd
’s demand outlook and earnings visibility will likely be obscured by uncertainties ahead, says Hong Leong Investment Bank (HLIB) Research.
This was despite the group having ended its financial year 2022 (FY22) profitably and recovering from its loss-making year in FY21, it added.
On a positive note, Heveaboard has a healthy balance sheet with net cash of RM109.2mil, which is 56.8% of its market capitalisation, said HLIB Research in its latest report.
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