PETALING JAYA: Poh Huat Resources Holdings Bhd
is expected to receive more sales orders in the coming months with demand recovery for its furniture, says TA Research.
The US furniture market is on a slow recovery trajectory following the reduction of excess inventories and the potential interest rate cut could help revive the US housing market, noted the brokerage firm.
Given a brighter outlook in the US furniture market, TA Research has tweaked its target price higher from RM1.40 to RM1.57 a share, based on nine-month 2025 earnings.
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